XI'AN, China, Dec 19, 2014 /PRNewswire/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture", "CGA" or the "Company"), a company that mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its subsidiaries in China, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong"), Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng") and a variable interest entity, Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"), today announced that the Company concluded its three-day national distributor conference. The conference was held from December 15, 2014 to December 17, 2014 in Xi'an (the "Conference").
More than 80 distributor representatives of Jinong and Gufeng, and 40 management members and staff of the Company attended the Conference. During the Conference, the distributor representatives visited Yuxing to tour the planting base and visited Jinong factory to tour the production facilities. At the Conference days, the management of the Company had communicated with the distributor representatives intimately for future cooperations. The Conference attendees also gathered at the Company's corporate office in Xi'an for sessions of convocations and seminars.
During the three-day Conference, the distributor representatives were also particularly invited to tour the farm of Panlong Valley where the Company showcases its products. Panlong Valley is one of the planting and breeding contractual farms of 900LH.com. Food Co., Ltd. ("900LH.com", previously announced as Xi'an Gem Grain Co., Ltd). 900LH.com is a subsidiary of the Xi'an Techteam Investment Holding (Group) Co., Ltd, ("Techteam Investment"). It focuses on the production and sales of high-end organic agricultural products. Techteam Investment is a holding company owned and controlled by Mr. Tao Li, Chairman and CEO of the Company. Panlong Valley is located at Shiquan County, Shaanxi Province, 150 miles southwest of Xi'an. A corporate video clip of 900LH.com and Panlong Valley is available at http://v.youku.com/v_show/id_XODM5MjQ2OTM2.html.
At the Conference, the Company introduced 900LH.com to the distributor representatives. 900LH.com has contracted more than 200 planting and breeding farms globally. It may contract the farmers from the contracted farms to use the Company's fertilizer. The Company encouraged the distributor representatives to source new farms for 900LH.com so to enhance the business expansion of both the Company and 900lh.com. In the process, the distributors will be incentivized for the additional sales of fertilizer they introduce.
Separately, at the Conference, Mr. Tao Li, Chairman and CEO of the Company promised to the Conference attendees that he would personally gift his own wealth of 230,000 shares of the Company's common stock to a number of selected outstanding distributors to reward their performance, support and loyalty.
The Company also updated the development progress of the Company's proprietary online sales platform of agriculture basic material. The business model of such platform would be analogous to JD.COM but specialized in agriculture basic material. Such platform is expected to be operational from spring 2015. Distributors of the Company will be able to set up stores on the platform to sell the Company's products as well as else kinds of products such as pesticides and seeds they distribute for various manufacturers. The Company will compensate the distributors for their online sales performance of the Company's products accordingly.
"I am happy for this distributor conference. I am happy for our client's interests and enthusiasm in the platform plans and farms, " stated Mr. Tao Li, Chairman and CEO of the Company, "I believe the Company and our clients will make new development by leaps and bounds from the Conference. Our eager desire to share the Conference news with you is a reflection of how important the Conference is to us, and to shareholders."
About China Green Agriculture, Inc.
The Company produces and distributes humic acid-farmd compound fertilizers, blended fertilizers, organic compound fertilizers, mixed organic-inorganic compound fertilizers, slow-release fertilizers, highly concentrated water soluble fertilizers and agricultural products, such as top-grade fruits, vegetables, flowers and colored seedlings through its wholly-owned subsidiaries, Jinong, Gufeng and Yuxing. Jinong produced and sold 125 different kinds of fertilizer products as of September 30, 2014, all of which are certified by the government of the People's Republic of China (the "PRC") as Green Food Production Materials, as stated by the China Green Food Development Center. Jinong currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products in 27 provinces, four autonomous regions, and three central-government-controlled municipalities in the PRC. Jinong had 961 distributors in the PRC as of September 30, 2014. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., are Beijing-farmd producers of compound fertilizers, blended fertilizers, organic compound fertilizers, and mixed organic-inorganic compound fertilizers. As of September 30, 2014, Gufeng produced and sold 331 different kinds of fertilizer products, and had 268 distributors in the PRC. For more information, visit http://www.cgagri.com. The Company routinely posts important information on its website.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the Company's business, products and financial results. The Company's actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, the execution of its ten-year growth plan, a satisfactory conclusion of the pending securities class action litigation and various other factors beyond the Company's control. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risk factors detailed in the Company's reports filed with the SEC. China Green Agriculture undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release, except as required by applicable law or regulations.
For more information, please contact:
China Green Agriculture, Inc.
Ms. Ran Liu (English and Chinese)
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SOURCE China Green Agriculture, Inc.