SHENZHEN, China, Aug. 24, 2012 /PRNewswire-Asia/ -- Uni Core Holdings Corporation (OTC Bulletin Board: UCHC), a Hong Kong based holding company, is excited to announce that Shaanxi Prosperous Agriculture Company Limited ("Prosperous Agriculture"), one of UCHC's subsidiaries, has signed an agreement with Inner Mongolia Liaozhongjing Chemical Industry Co., Ltd. ("Liaozhongjing") on patented technology development and national exclusive distribution of the Sustained-Released Diammonium Phosphate. Prosperous Agriculture becomes the exclusive distributor of this national patent winner, Sustained-Released Diammonium Phosphate, in the nation. It is expected to bring an increase of over RMB50 million sales (around US$8 million) to Prosperous Agriculture and the business is expected to achieve RMB300 million sales (around US$47 million) in 2013.
This product is the only Sustained-Released Diammonium Phosphate in the nation which has been granted the national patent, its social values and fertilizer efficiency are both superior to traditional diammonium. According to publicly available information from the Chinese Government, China's domestic annual sales of traditional Diammonium Phosphate is around 8 million tons; the market size is around RMB25 billion (around US$4 billion); if Prosperous Agriculture's exclusive national patent winning Sustained-Released Diammonium Phosphate is to replace 10% of the market, it will be a market of RMB2.5 billion (around US$400 million). Mr. Wang Fei, General Manager of Prosperous Agriculture, said, the cooperation with Liaonzhongjing is the perfect combination of patented technologies and market channels. With the vast experience in the market operation and channel management, Prosperous Agriculture, being the "Home Depot" in the field of agricultural resources distribution, is responsible for the nationwide promotion, sales and management of the Sustained-Released Diammonium Phosphate in the market; Liaozhongjing is responsible for the provision of patented technology and production, both Prosperous Agriculture and Liaozhongjing will market the product under the brand of "XiDuoFeng" across the nation.
About Uni Core Holdings Corporation (UCHC.OB)
Uni Core through its subsidiaries develops, manufactures and distributes environmental friendly paper and agricultural products based upon its proprietary technology and supply chains. The Company was founded in 1998 and is headquartered in Hong Kong.
APT Paper Group, a wholly owned subsidiary, headquartered in Shenzhen, Guangdong, China, was founded in November 1993. UCHC acquired 100% of APT in June 2010. Based upon proprietary technology, production, marketing and global supply chains, APT is one of the leaders of the modern environmentally friendly packing and honeycomb paper products industry in China. APT's products are produced from recycled materials and are recyclable. APT's products include honeycomb paper pallets, honeycomb paper panels, honeycomb paper cartons, honeycomb paper coffins, honeycomb paper cushions, paper slip-sheets, paper corner protectors and corrugated paper products. APT holds patents throughout the world on many of its products. Some of APT's customers include Wal-Mart, Costco, Sam's Club, Sony, Nokia, DHL, Haier, Hisense, among others.
Prosperous Agriculture, 51% of which is owned by UCHC, is headquartered in Xi'an, Shaanxi Province, China. Prosperous Agriculture manufactures and distributes agricultural brands and also establishes a national agricultural resources chain direct sales platform through the opening and acquiring of agricultural resources direct sales outlets and dealers, and by working with well-known manufacturers of agricultural products. Prosperous Agriculture integrated more than 2,000 agricultural resources.
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Except for statements of historical fact, this document contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of the Company's products. Such forward-looking statements are based on present circumstances and on the Company's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include the Company's ability to raise capital to engage in operations, general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors that the Company has little or no control. Such forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by the Company with the Securities and Exchange Commission.
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SOURCE Uni Core Holdings Corporation