Deyu Agriculture Corp. Announces Updates to its New Online Store and Charitable Activities
BEIJING, July 21, 2011 /PRNewswire-Asia-FirstCall/ -- Deyu Agriculture Corp. (OTCBB: DEYU) (the "Company"), a Beijing, China based vertically integrated producer and distributor of organic and non-organic corn and grain products, announced today updates with respect to the Company's new online store and recent charitable activities.
In early May 2011, the Company launched a new online flagship store at Taobao Mall -- one of China's largest business-to-consumer e-commerce marketplaces -- and the Company's management team indicated that it believes that sales at the Company's latest web platform are progressing. Jianming Hao, the Company's Chief Executive Officer and Chairman, commented, "Even though we have only been working with Taobao Mall for a couple of months, we believe we are already seeing healthy revenues from our online presence. With more than 370 million registered users and 50 million daily visitors, Taobao Mall provides us with an opportunity to offer over 100 of our products to customers from around the globe. Our products are now easier for customers to purchase and by continuing to offer our goods through our extensive online and traditional sales channels, we believe that we can significantly enhance our customer base and consequently, improve our overall sales."
Deyu also announced that the Company recently received an award from the organizers of China's 21st National Disabled Day for sponsoring their joint event with China's Ministry of Education at Beijing's Great Hall of the People in early May 2011. The Company -- which is currently working with the United Nations Industrial Development Organization to alleviate poverty in rural Shanxi, China and to foster the relationships between the region's farmers and businesses -- plans to participate in and to sponsor other social welfare events in the future as well.
"We work very hard to be a socially responsible company," remarked Mr. Hao. "One of our missions in providing grain-based foods is to help improve the health of our customers, and as one of the leading providers of grain products in China, we have the means to positively impact the lives of those outside our business as well. Working with the organizers of China's 21st National Disabled Day and representatives from China's Ministry of Education was an honor for us and we hope to partner with both of these groups again next year to bring further awareness and support to China's disabled population."
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. The Company'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". The Company 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 Corp.'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. 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.
Mr. Kevin Fickle, President
NUWA Group LLC.
Mr. Charlie Lin, Chief Financial Officer
Deyu Agriculture Corp.
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