UCHC Introduces the Incubation Project - Prosperous Agriculture

SHENZHEN, China, Jan 24, 2011 /PRNewswire-Asia/ -- Uni Core Holdings Corporation (OTC Bulletin Board: UCHC), an experienced "company doctor" and aggressive "incubator" of mid- to large-size companies in China, is pleased to introduce Shaanxi Prosperous Agriculture Limited Company ("Prosperous Agriculture"), an incubation project of UCHC.

Being the first organization that runs a chain operation in the sales and distribution platform for agricultural resources by unifying the various agricultural resources distribution channels of China, Prosperous Agriculture has positioned itself as the "Home Depot" in the rural areas of China.  Prosperous Agriculture was first known as Zoyo Consulting, which has more than 7 years' accumulated experience with the distributors and manufacturers, and is well recognized in the industry, therefore, it has completed the integration of more than 200 quality distributors, covering 2,000 sales terminals, since the official launch in 2008 and has formulated the operation plan of 2010 with the core distributors to open up 20 300-square meters chain stores.  Prosperous Agriculture sells its own OEM "Xiduofeng" biological fertilizer series, and distributes the compound fertilizers of Shandong Luxi Chemical Co., Ltd., Hubei Ezhong Chemical Industry Co., Ltd. and the "Jinyuanfeng" traditional compound fertilizer series; furthermore, it gradually adopts more advanced technology to manage the biggest chain agricultural resources sales and distribution platform of China.  Sales revenue of 2009 and 2010 were RMB26 million and RMB60 million, respectively, it is expected to exceed RMB100 million in 2011.

Mr. Wang Fei, Chairman of Prosperous Agriculture, believes that the market capacity of Chinese agricultural resources is huge (RMB1,000 billion / year), but the traditional sales model of agricultural resources is crumbling due to the title transfer of land and the rise of cooperatives. In the current stage when there are rapid changes to the agricultural resources distribution channels, Prosperous Agriculture hopes to reduce the distance of the distribution channels through building a new national distribution platform for agricultural resources, uniting distributors to establish outlets and directly reflect the agricultural products to the township terminals, building a perfect service system for agriculture.

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.

SOURCE Uni Core Holdings Corporation

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