New Members Join the New Win-Win Business Model of Prosperous Agriculture

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• USA - English
• USA - English

SHENZHEN, China, March 24 /PRNewswire-Asia/ -- Uni Core Holdings Corporation (OTC Bulletin Board: UCHC; previously known as IMOT, referred to as "UCHC"), is pleased to make a high-profile announcement on the development of the incubated project of UCHC, Shaanxi Prosperous Agriculture Limited Company (referred to as "Prosperous Agriculture"). The new win-win business model successfully arouses great attention in the industry. Recently, three first-class production enterprises -- Shandong Mingshui Great Chemical Group, Shandong Luxi Chemical Co. Ltd. and Hubei EZhong Chemical Industry Co. Ltd. -- have joined the model, becoming part of the strategic alliance, which further highlights the value of the industry.

Prosperous Agriculture is a remarkable agricultural resources channel integration organization and a platform facilitating the fast growth of agricultural resources distributors in order to build a sales and distribution platform to cover the rural areas of China. With the commitment to being the leader in the area of agricultural resources distribution, Prosperous Agriculture's mission is to create a better life for farmers. The new win-win business model adopts the principle to interact production and sales by combining the research and production capability, integrating resources and working together with vendors, in order to jointly create a new win-win PS model of agricultural operation marketing ("Produce and Sell Mode"), a model combining production with sales functions. That is, the production vendors will mainly be responsible for areas such as product development, production and logistics, etc., and does not need to concern with issues relating to the markets; whereas Prosperous Agriculture will introduce products of the production vendors to its national sales and distribution platform and is responsible for sales, management, sales planning and marketing covering the whole nation. This new cooperation model effectively integrates and leverages the resources and professional advantages of both parties to achieve a mutually beneficial and win-win situation, and more importantly, it also provides more convenient, rest assured, and more cost-effective agricultural products to the Chinese farmers.

Cooperative enterprise 1:

The 11 member companies of the Shandong Mingshui Great Chemical Group have been awarded various honorary titles, including the "The National First Degree Energy-efficient Enterprise," one of "China's 500 Largest Chemical Industrial Enterprises," "Enterprise with Outstanding Contribution in the Development of the Nitrogenous Fertilizer Industry," and "Enterprise with AAA Grade of Credit in Jinan City", etc, and was recognized as the "Top 50 Industrial Enterprises in Jinan City" in successive years. In 2010, Shandong Mingshui Great Chemical Group has built itself into an organization with production capacity of an annual output of 1.3 million tons of synthetic ammonia, 1 million tons of urea (including 400,000 tons of large granular urea), 510,000 tons of ammonium bicarbonate, 26,000 tons of melamine, 37,000 tons of hydrogen peroxide, 15,000 tons of methenamine, 50,000 tons of formaldehyde, 150,000 tons of slow-release urea, 100,000 tons of slow-release BB fertilizer, 5,000 tons of rubber chemicals, 75,000 tons of liquid carbon dioxide, 40,000 tons of mechanical- made paper, power generation capacity of 310 million degrees, 2.5 million tons of heat supplies, a sales income of RMB4 billion, and profit tax amounting to RMB450 million.

Cooperative enterprise 2:

Shandong Luxi Chemical Co., Ltd., a large state-owned chemical enterprise with 10 affiliated companies, a holding company and existing assets of RMB5.6 billion, was listed on the Shenzhen Stock Exchange in 1998, and is referred to as "Luxi Chemical", code "000830". The company has production capacity of an annual output of 1 million tons of synthetic ammonia, 1.5 million tons of urea, 1.5 million tons of compound fertilizer, 150,000 tons of diammonium phosphate, 1 million tons of sulfuric acid, 250,000 tons of hydrochloric acid, 300,000 tons of caustic soda (30%), 150,000 tons of methanol, 70,000 tons of liquid chlorine, 60,000 tons of chlorine acid, 40,000 tons of benzyl chloride, 50,000 tons of ordinary superphosphate, and a 100,000-kilowatt electricity generator with auxiliary equipment. It is an integrated chemical industrial enterprise combining both bio-fertilizers and chemicals, and is currently one of the China's biggest chemical fertilizer production enterprises.

Cooperative enterprise 3:

Hubei EZhong Chemical Industry Co. Ltd. is a large-scale privately-owned chemical enterprise, founded in January 2002. There are five subsidiary companies; and one Sino-US joint venture, in the group, with an annual production capacity of 500,000 tons of potassium sulfate compound fertilizer; 600,000 tons of urea-based compound fertilizer; 300,000 tons of superphosphate; 200,000 tons of tower compound fertilizer; 400,000 tons monoammonium phosphate; 50,000 tons of diammonium phosphate; 50,000 tons of BB fertilizer; 50,000 tons of organic-inorganic compound fertilizer; 500,000 tons of sulfuric acid, hydrochloric acid and chlorosulfonic acid, and 100,000 tons of synthetic ammonia (including 70,000 tons of liquid ammonia, 30,000 tons of methanol and 150,000 tons ammonium bicarbonate), etc. Since 2005, the company has been listed in the "China Chemical Industry Top 500" and "China Fertilizer Top 50." In September 2006, the "EZhong" branded compound fertilizer won the "Hubei Famous Brand" title. The Company currently has 14 sales branches and three sales offices, a marketing network covering 30 provinces of the nation all over Hubei, Henan, Shandong, and the northeast region, with nearly 20,000 sales outlets. The production and sales of phosphate compound fertilizer was nearly 1 million tons with a sales income of RMB2 billion in 2008.

The persons-in-charge of the above three companies have all expressed their concurrence with the business model of Prosperous Agriculture and are highly confident with the cooperation arrangement. Through the entering of the three heavy-weight enterprises in the industry into the distribution channel of Prosperous Agriculture, it enhances the core competitiveness of Prosperous Agriculture and marks a substantial step forward in the resource integration of upstream chain. Prosperous Agriculture will follow its strategic plans and achieve the declared objectives according to plan in 2010.

About Uni Core Holdings Corporation

Uni Core Holdings Corporation (stock symbol: UCHC) was founded in the USA in September 1998 under the name of Intermost Corporation and it was the first Chinese Internet company listed on the US OTC Bulletin Board in December 1998. Uni Core Holdings Corporation changed its name from January 29, 2010 and evolved into a new business strategy, acting as 'company doctor' and 'incubator' of mid- to large-size companies that have good potential and profitable products in the market, which are desperate for help from experts who can help them grow by assisting them in obtaining public or private financing in China, including company diagnosis services; consulting services; mergers and acquisitions; incubating; raise fund or financing; assistance to get public listing for mid- to large-size companies, etc.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks, uncertainties and assumptions that, if they never materialize or if they prove incorrect, could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company assumes no obligations and does not intend to update these forward-looking statements.

    For more information, please contact:

     Mr. Caiyi Zhou
     Tel:   +852-2827-6898
     Fax:   +852-2827-6989
     Email: [email protected]
     Web:   http://www.unicoreholdings.com

SOURCE Uni Core Holdings Corporation