Deyu Agriculture Corp. Subsidiary Named One of China's Top 100 Grain and Oil
BEIJING, Jan. 24, 2013
BEIJING, Jan. 24, 2013 /PRNewswire/ -- Deyu Agriculture Corp. (OTCBB: DEYU)
(the "Company"), a Shanxi Province, China based vertically integrated
producer, processor, marketer and distributor of organic and other
agricultural products made from corn and grains, announced today that for the
second year in a row, the China National Cereals and Oils Committee selected
the Company's wholly-owned subsidiary, Detian Yu Biotechnology (Beijing) Co.,
Ltd. ("Detian Yu") as one of China's Top 100 Grain and Oil Enterprises.
The winning enterprises were selected based on financials, environmental and
social responsibilities, quality and safety standards, business management and
operations, research and innovation, and other industrial factors.
"The National Cereals and Oils Award is a tremendous distinction in China's
grains and oils industries, and we are truly honored to receive this award
again this year," said Jianming Hao, Chief Executive Officer of Deyu. "We
appreciate the recognition of the China National Cereals and Oils Committee,
and we will strive to uphold our accolade by doing our part as a premier
agriculture company in China to continue providing healthy, delicious grain
and oil products to customers across the nation."
About Deyu Agriculture
Deyu Agriculture Corp. is a vertically integrated agricultural value chain
from farmland to consumer market, which produces, processes, markets and
distributes organic and other agricultural products made from corn and grains
operating in Shanxi Province in China. The Company has access to over 109,000
acres of farmland in Shanxi Province for breeding, cultivating, processing,
warehousing and distributing grain and corn products. Deyu Agriculture Corp.
has an extensive wholesale network in over 15 provinces and a retail
distribution network of approximately 20,000 supermarkets and convenience
stores in 29 provinces across China. Deyu Agriculture Corp.'s facilities
include sophisticated production lines and modern warehouses with a total
production capacity of over 105,000 tons for grain products, storage capacity
of over 100,000 tons and annual turnover of 700,000 tons for corn products.
The Company's website 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 and annual reports filed with the U.S. Securities and
Exchange Commission at www.sec.gov.
Deyu Hotline: +1-646-499-5475
Mr. Greg Chen, President
Deyu Agriculture Corp.
Ms. Amy He, Chief Financial Officer
Deyu Agriculture Corp.
Tel: +86-10-5224-1802 X389
Mr. Kevin Ma
NUWA Group LLC
SOURCE Deyu Agriculture Corp.
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