XI'AN, China, June 29, 2011 /PRNewswire-Asia-FirstCall/ -- China Green Agriculture, Inc. (NYSE: CGA - News), a producer and distributor of humic acid ("HA") based compound fertilizers, blended fertilizers, organic compound fertilizers, mixed organic-inorganic compound fertilizers, slow released fertilizers and highly-concentrated water soluble fertilizers through its wholly owned subsidiaries in China, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong") and Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"), hosted a group of investors and research analysts at its Gufeng production plant today.
Mr. Tao Li, Chairman and CEO of the Company, gave an overview of the fertilizer market in China and explained the Company's vision as well as its short-term and long-term growth strategy. Mr. Qingxin Jiang, Chairman and CEO of Gufeng, iterated Gufeng's strategy, growth opportunities and operational capabilities.
Participants were taken on a tour of Gufeng's production facilities, including the new 200,000 Metric-Tonne highly automated production line which started operations early April 2011 and were able to see first-hand the scale of the operations and the progress accomplished in the short year since the acquisition of Gufeng.
After the tour, Messrs Li and Jiang led an extensive questions and answers session.
"We are very proud of what we have accomplished together with Gufeng's management and today's visit by a group of highly inquisitive financial professionals should reassure our investors that the Company is committed to transparency and good corporate governance and is working hard to increase shareholder value. We plan to conduct similar tours on a regular basis," commented Chairman Li.
About China Green Agriculture, Inc.
The Company mainly produces and distributes humic acid-based compound fertilizers and other varieties of compound fertilizers through its wholly-owned subsidiaries, Jinong and Gufeng. Jinong produces and sells 149 different kinds of fertilizer products, all of which are certified by the PRC government as Green Food Production Materials, as stated by the China Green Food Research Center. Jinong currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products in 21 provinces, four autonomous regions and three central-government-controlled municipalities in the PRC. Jinong had 608 distributors in China. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., are Beijing-based producers of compound fertilizer, blended fertilizer, organic compound fertilizer and mixed organic-inorganic compound fertilizer. Gufeng produces and sells over 300 different kinds of fertilizer products, and had 163 distributors in China. 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 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 and business conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, the execution of its ten-year growth plan 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 regulation.
For more information, please contact:
China Green Agriculture, Inc.
Mr. Ken Ren (English and Chinese)
Chief Financial Officer
Rene Vanguestaine (English)
Ms. Kathy Li (English and Chinese)
Tel: +1 480-614-3036
SOURCE China Green Agriculture, Inc.