Deyu Agriculture Expands Grain-Food Distribution Network
BEIJING, Aug. 19 /PRNewswire-Asia-FirstCall/ -- Deyu Agriculture Corp. (OTC Bulletin Board: ECBI) ("Deyu Agriculture" or the "Company"), an emerging, vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and various grains, today announced that it has expanded into more than 3,300 retail outlets in China, significantly broadening its distribution network since rolling out a grain- focused sales strategy at the beginning of this year.
As of the end of July 2010, Deyu Agriculture had a presence at more than 3,300 retail points throughout China, including Wal-Mart and Carrefour (in China), Lotus, China Resources and Century Lianhua, as well at other local supermarket chains. The expansion of the Company's distribution network has helped strengthen its presence in large Chinese cities, and Deyu Agriculture sells to more than 700 stores in Tianjin, more than 550 stores in Beijing, and more than 200 stores in Shanghai, in a total of 59 cities in 12 provinces and municipalities across China. The Company sells its simple processed grain products under its own "Deyu" and other brand names directly and through distributors, and is targeting a sales network of 10,000 retail outlets by the end of 2010.
"We are pleased to secure new platforms to drive continued sales growth. Our entry into multinational and major domestic retail channels should strengthen our market position amid growing consumer acceptance of our branded grain products," commented Mr. Jianming Hao, Chief Executive Officer of Deyu Agriculture. "We will remain aggressive while staying nimble and adept in order to pursue existing and future distribution opportunities, with the aim of sustainably expanding our market reach across China."
About Deyu Agriculture Corp.
Deyu Agriculture Corp. ("Deyu Agriculture" or "the Company") is an emerging, vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and various grains. The Company maintains facilities and farmland in Shanxi province, which has a relatively dry climate and wide daily temperature difference between day and night that is ideal for grain cultivation. With a 135-plus day growing season, one of the longest in China, farmland in Shanxi provides a consistent supply of high-quality and high-nutrition crops. The Company is headquartered in Beijing, where it also maintains a marketing center and a product research center.
For more information, contact CCG Investor Relations directly or go to Deyu Agriculture's website at http://www.china-deyu.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 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 as well as other relevant risks, including but not limited to risks outlined in the Company's periodic filings with the U.S. Securities and Exchange Commission. Deyu Agriculture does not assume any obligation to update the information contained in this press release.
For more information, please contact: Company Contact: David Lethem, Chief Financial Officer Deyu Agriculture Corp. Tel: +1-239-940-8889 Email: [email protected] Web: http://www.china-deyu.com Investor Relations Contact: John Harmon, Senior Account Manager CCG Investor Relations Tel: +1-646-833-3424 Email: [email protected] Web: http://www.ccgir.com
SOURCE Deyu Agriculture Corp.
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