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China Green Agriculture, Inc. Holds 10th Annual Distributor Conference

2010-01-05 16:09

XI'AN, China, Jan 5 /PRNewswire-Asia/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture" or "the Company"), a leading producer and distributor of humic acid ("HA") based compound fertilizer through its wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., today announced that it has successfully completed the Company's 10th annual distributor conference held on December 19th and 20th, 2009 at China Green Agriculture's headquarters in Xi'an, Shaanxi Province. In attendance were over 200 distributors across 27 Chinese provinces along with key government officials from the Yanglin Agriculture High-Tech Zone.

Distributors and guests toured the Company's headquarters and both the production and R&D facilities during the two-day event, with the main ceremony held at the Company's production facility located in Xi'an. Mr. Tao Li shared with attendees the Company's outlook which included the goal of reaching full capacity of its 55,000 metric tons production facilities within the next 3 years, expanding its R&D facilities, and strengthening the Jinong brand among end users. In addition, the Company hosted a half-day training session focused on effective marketing and branding techniques to assist distributors in propelling China Green Agriculture's Jinong brand. The Company also recognized 20 distributors for their outstanding achievements in 2009.

"Our goal within the next three to five years is to make Jinong the number one household name to distributors, retailers and farmers in China's organic fertilizer marketplace," stated Mr. Tao Li, Chairman and CEO of China Green Agriculture. "Our continued success in strengthening our distribution network lies in our sustained ability in bringing new fertilizer products to the market quickly while providing effective sales training and technical support. We are confident that we will continue to drive revenues and expand both our gross and operating margins into calendar year 2010."

To review photos from the annual distributors conference, please visit the Company's website at http://www.ir-site.com/cgagri/10E.asp .

About China Green Agriculture, Inc.

China Green Agriculture, Inc. produces and distributes humic acid ("HA") based compound fertilizer through its wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., ("Jinong"). Jinong produces and sells over 130 different kinds of fertilizer products per year. All of Jinong's fertilizer products are certified by the PRC government as green food production materials, as stated by the China Green Food Research Center. Jinong's liquid based fertilizers are highly concentrated liquids which require an application of approximately 120 ml per mu per application. Its average end user has approximately four mu of land (one mu = .165 acres). Jinong also has the capacity to produce highly concentrated powdered fertilizers. China Green Agriculture currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products in 21 provinces, 4 autonomous regions and 3 municipal cities in the PRC. The leading five provinces which collectively accounted for 36.0% of the Company's fertilizer revenue for the three months ended September 30, 2009 are Shandong (10.5%), Shaanxi (8.3%), Heilongjiang (6.4%), Henan (5.6%) and Anhui (5.2%). For more information, visit http://www.cgagri.com .

Safe Harbor Statement

This press release contains forward-looking statements concerning the Company's business, products and financial results. The Company's actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic and business conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, and various other factors beyond the Company's control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risk factors detailed in the Company's reports filed with the Securities and Exchange Commission. China Green Agriculture undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

For more information, please contact:

In the US:

China Green Agriculture, Inc.

Ms. Ying Yang, Chief Financial Officer

Tel: +1-626-623-2575

Email: yangying@cgagri.com

OR

HC International, Inc.

Ted Haberfield, Executive VP

Tel: +1-760-755-2716

Email: thaberfield@hcinternational.net

In China:

China Green Agriculture, Inc.

Mr. Jonnie Wang, Secretary of Board, Investor Relations Officer

Tel: +86-29-8826-6368

Email: wangxilong@cgagri.com

Source: China Green Agriculture, Inc.

Related stocks: NYSE:CGA

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