Deyu Agriculture Corp. Appoints NUWA Group as Investor Relations Advisor
BEIJING, June 7, 2011 /PRNewswire-Asia-FirstCall/ -- Deyu Agriculture Corp. (OTC Bulletin Board: DEYU), a vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains based in Shanxi Province, China, today announced NUWA Group as the Company's investor relations advisor.
Jianming Hao, Chief Executive Officer and Chairman of Deyu, said, "We look forward to NUWA assisting us with communicating our value proposition to shareholders and investors in an concerted effort to broaden Deyu's presence in the financial markets. NUWA's experienced team has provided many US-listed Chinese companies with excellent investor relation services. We are truly excited to work with such a reputable and knowledgeable investor relations advisor."
Kevin Fickle, President and CEO of NUWA, commented, "We are delighted to serve as the investor relations advisor to Deyu, a company that is rapidly moving to the forefront of China's agricultural product sector while providing healthy and nutritional products to its customers. China's steadily growing population is fueling the activity in its consumer markets. We anticipate that as the incomes of the Chinese grow, so too will their consumption. Notably, an increasing percentage of the Chinese people are opting to eat healthier foods and as a result, the demand for Deyu's simple and deep processed grain products is rising. These trends - China's burgeoning consumer market, the increasing health and nutrition consciousness of its people, and Deyu's growing success - all signal that the Company is poised to secure a considerable portion of China's agricultural product market in the near future."
Mr. Fickle further added, "We are pleased that Deyu experienced tremendous growth in the first quarter of 2011. The Company's revenue increased 187%, from $14.4 million in Q1 2010 up to $41.4 million in Q1 2011. The Company's gross profit and net income also improved significantly during this period and we firmly believe that Deyu is poised for even greater financial gains in the near future. As the Company strives to capture a larger portion of China's agricultural product market, our goal is to help Deyu's senior management team with all facets of its corporate communications strategy and to enhance the Company's presence within the investment community."
About Deyu Agriculture
Deyu Agriculture Corp. is a vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains operating in the Shanxi Province of the People's Republic of China. The Company has access to over 109,000 acres of farmland in the Shanxi Province for breeding, cultivating, processing, warehousing, and distributing grain and corn products. Deyu's deep-processed grain division was created in 2010 and its business is conducted through Detian Yu, Deyufarm and its subsidiaries, by producing and distributing instant grain vermicelli, instant millet beverage, and buckwheat tea to wholesalers and supermarkets underneath the brand name, "Deyufang". Deyu has an extensive retail distribution network of more than 10,000 retail stores across China. The Company's web site is located at www.deyuagri.com.
Safe Harbor Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Deyu Agriculture's management and agents are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in China, general economic conditions; geopolitical events and regulatory changes, availability of capital, changes in the agricultural industry, the Company's ability to maintain its competitive position. Additional Information regarding risks can be found in the Company's Quarterly Report on Form 10-Q and in the Company's recently filed Prospectus filed pursuant to Rule 424(b)(3) with the SEC.
Investor Contact:
Mr. Kevin Fickle, President
NUWA Group LLC.
Tel: +1-925-330-8315
Email: [email protected]
Company Contact:
Mr. Charlie Lin, Chief Financial Officer
Deyu Agriculture Corp.
Tel: +1-626-242-5292
Email: [email protected]
SOURCE Deyu Agriculture Corp.
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