XI'AN, China, Nov. 6, 2015 /PRNewswire/ -- China Green Agriculture, Inc. (NYSE: CGA) ("CGA" or the "Company") which produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its subsidiaries in China, i.e.: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong") , Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"), and Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"), today announced that it retained 33 new distributors in its first fiscal quarter ended September 30, 2015.
During this quarter, Jinong has 127 fertilizer products available in market. Jinong brought on board 27 new distributors during this quarter, and now has a total of 1,037 distributors.
Gufeng currently has 332 fertilizer products available in market. During the quarter, Gufeng engaged six new distributors, and now has a total of 288 distributors.
"We are now offering 459 fertilizer products via a network of 1,325 distributors nationwide. I am proud of our marketing team and the online sales system -- 900nong.com. With the marketing team's strong ability and the convenience provided by 900nong.com, our distributor numbers increased significantly during this quarter," said Mr. Tao Li, Chairman and CEO of the Company, "We look forward to further expanding our distribution footprint in the future."
About China Green Agriculture, Inc.
The Company produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly-owned subsidiaries, i.e.: 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"). Jinong produced and sold 127 different kinds of fertilizer products through 1,037 distributors as of September 30, 2015, all of the products 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. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., produced and sold 332 different kinds of fertilizer products, and had 288 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, the foreign exchange risk amid the unexpected announcement by the PRC government in August 2015 sending the yuan to a 3% devaluation 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)
SOURCE China Green Agriculture, Inc.