Zhongpin Stands by Its SEC Filings and Reserves the Right to Take Legal Action

CHANGGE and BEIJING, China, July 25, 2011 /PRNewswire-Asia-FirstCall/ -- Zhongpin Inc. ("Zhongpin", Nasdaq: HOGS), a leading meat and food processing company in the People's Republic of China, today released the following statements:

During its public conference call on July 19, 2011, Zhongpin refuted defamatory allegations contained in a report published by China Economic Review ("CER") that was dated July 8, 2011. The conference call also included a question and answer session.

Zhongpin stands by all the information contained in its filings with the U.S. Securities and Exchange Commission and again reiterates that the CER report contains numerous mistakes and incorrect assumptions, and is based on faulty sampling methods and a superficial understanding of the business and the industry.

On Friday, July 29, 2011, Zhongpin will hold an investor tour of retail stores in Shanghai in which investors will be permitted to randomly select retail stores to visit. Please contact Mr. Sterling Song, Investor Relations Manager, using the details listed below if you want to register for this investor tour.

Zhongpin is dedicated to protecting its reputation and the interests of its investors. Accordingly, Zhongpin officially reserves all rights in this matter, and is currently weighing a number of potential remedies, including legal action against the authors involved in creating the CER report, as well as other persons that Zhongpin has reason to believe are behind this attack. Zhongpin will pursue any and all means available to protect its brand, reputation, and value in the stock market.

About Zhongpin

Zhongpin Inc. is a meat and food processing company that specializes in pork and pork products, vegetables, and fruits in China. Its distribution network in China covers 20 provinces plus Beijing, Shanghai, Tianjin, and Chongqing and includes 3,378 retail outlets. Zhongpin's export markets include Europe, Hong Kong, and other countries in Asia. For more information about Zhongpin, please visit Zhongpin's website at http://www.zpfood.com.

Safe harbor statement

Certain statements in this news release may be forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Zhongpin has based its forward-looking statements largely on its current expectations and projections about future events and trends that it believes may affect its business strategy, results of operations, financial condition, and financing needs.

These projections involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include but are not limited to such factors as downturns in the Chinese economy, unanticipated changes in product demand, interruptions in the supply of live pigs and or raw pork, the effects of weather on hog feed production, poor performance of the retail distribution network, delivery delays, freezer facility malfunctions, Zhongpin's ability to build and commence new production facilities according to intended timelines, the ability to prepare Zhongpin for growth, the ability to predict Zhongpin's future financial performance and financing ability, changes in regulations, and other information detailed in Zhongpin's filings with the United States Securities and Exchange Commission. These filings are available from www.sec.gov or from Zhongpin's website at www.zpfood.com.

You are urged to consider these factors carefully in evaluating Zhongpin's forward-looking statements and are cautioned not to place undue reliance on those forward-looking statements, which are qualified in their entirety by this cautionary statement. All information provided in this news release is as of the date of this release. Zhongpin does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.

SOURCE Zhongpin Inc.