BEIJING, Dec. 6, 2010 /PRNewswire/ -- Deyu Agriculture Corp. (OTC Bulletin Board: DEYU), a vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains, today announced that it is now selling its grain-based food products in over 8,500 retail outlets in 60 cities covering 13 provinces, including over 4,500 supermarkets and 4,000 smaller convenience stores.
"We are proud of the retail customer network that we have built in a relatively short period of time," said Mr. Jianming Hao, Chairman and Chief Executive Officer of Deyu Agriculture. "These customers have embraced our strategy of offering high quality organic grain food that meets the increasing Chinese consumer demand for more healthy, nutritious and convenient food products. We are not only selling into some large supermarket chains such as Beijing Hualian Group, Auchan, Walmart and Carrefour, we are also pleased to be distributing our products into over 4,000 smaller convenience stores."
"We remain on track to be selling into over 10,000 retail outlets by the end of 2010 and believe that we will significantly grow that base in 2011," concluded Mr. Hao.
About Deyu Agriculture Corp.
Deyu Agriculture Corp. is a vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains operating in the Shanxi Province of the People's Republic of China. Deyu has access to over 100,000 acres of farmland in the Shanxi Province for breeding, cultivating, processing, warehousing, and distributing grain and corn products. Deyu has an extensive retail distribution network of more than 8,500 retail stores across China.
Deyu Agriculture's web site is located at www.deyuagri.com.
Safe Harbor Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Deyu Agriculture's management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in China, general economic conditions; geopolitical events and regulatory changes, availability of capital, changes in the agricultural industry, the Company's ability to maintain its competitive position. Additional Information regarding risks can be found in the Company's Quarterly Report on Form 10-Q and in the Company's recently filed Prospectus filed pursuant to Rule 424(b)(3) with the SEC.
SOURCE Deyu Agriculture Corp.
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