BEIJING, March 22, 2011 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (Nasdaq: YONG), a leading agricultural nutrient company in China ("Yongye" or the "Company"), today announced it has entered into an official partnership with China Agricultural University to provide technical support to Chinese farmers.
Yongye's staff will work with the Phytopathology Institute of China Agricultural University as well as leverage the Company's distribution network to promote the practical application of agriculture technology in rural areas across China. The Phytopathology Institute of China Agricultural University is the leading plant pathology research institute in China and has been in operation for over a century.
Mr. Baosheng Tong, Yongye's Chief Scientist, and Professor Hongzhan Ma, Deputy Dean of the College of Agriculture and Biotechnology of China Agricultural University, signed the partnership agreement on the university's campus on February 21, 2011.
"We are honored to establish this partnership with China Agricultural University, which is the most prestigious agricultural academic institution in China," stated Mr. Zishen Wu, Chairman and Chief Executive Officer. "The goal of this collaboration is to leverage China Agricultural University's advanced research and comprehensive academic resources with Yongye's nationwide distribution system to improve the agricultural productivity of Chinese farmers."
About Yongye International
Yongye International is a leading agricultural nutrient company headquartered in Beijing, with its production facilities located in Hohhot, Inner Mongolia, China. Yongye produces and markets two lines of organic nutrient products: a liquid nutrient product which is sprayed on plants and a powder nutrient product which is added to animal feed. Both products are sold under the brand name "Shengmingsu," which means "life essential" in Chinese. The Company's patented technologies and formulas allow it to create products that increase crop yields and improve the health of livestock. The Company sells its products primarily to provincial or regional level distributors, who then channel those products to a carefully selected network of over 24,000 independently owned, Yongye branded stores or directly to rural farmers and government farms in China. For more information, please visit the Company's website at http://www.yongyeintl.com.
Safe Harbor Statement
This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
CCG Investor Relations
Ms. Kelly Wang
Mr. Athan Dounis
Finance Director – Capital Markets
Ms. Wendy Xuan – Business Associate
Phone: +86-10-8232-8866 x 8827
SOURCE Yongye International, Inc.