Tianli Agritech Signs Retail Distribution Agreement with WUSHANG MART
Company Continues to Expand Retail Distribution Network in Wuhan City
WUHAN CITY, China, Aug. 21, 2013
WUHAN CITY, China, Aug. 21, 2013 /PRNewswire/ -- Tianli Agritech, Inc.
(NASDAQ:OINK) ("Tianli" or the "Company"), a leading producer of breeder hogs,
market hogs and black hogs, headquartered in Wuhan City, China, today
announced that the company had signed an agreement with WUSHANG MART to sell
cuts of its Tianli-Xiduhei™ black hog meat through three of WUSHANG MART's
retail outlets located in Wuhan City, Hubei province.
WUSHANG MART is a supermarket chain with retail outlets across major cities in
Hubei province and a wholly owned subsidiary of Wuhan Department Store Group
Co., Ltd. (ticker: 000501.SZ). Established in 1959, Wuhan Department Store
Group is one of the oldest and largest retail enterprises in Hubei province
with 15,793 employees as of the end of 2012. According to its latest Annual
Report (filed on April 24, 2013), Wuhan Department Store Group had net sales
of RMB 14.9 billion in 2012, of which WUSHANG MART contributed approximately
RMB 6.2 billion, or 42% of total net sales. More information about Wuhan
Department Store Group can be found at: http://www.wushang.com.cn.
Mrs. Hanying Li, Chairwoman and CEO of Tianli Agritech commented, "Since we
resumed our retail operations in April this year, we have made significant
progress in our effort to build out our retail distribution network for our
Tianli-Xiduhei™ hog meat cuts. Today's announcement marks our fourth
partnership with leading supermarket chains in the Wuhan market following LAO
NONG MIN, NEWSTAR, and ZHONGBAI. As we are committed to further expand our
retail outreach in Wuhan as well as other geographic markets, we expect
significant growth from our retail operations in coming quarters."
About Tianli Agritech, Inc.
Tianli Agritech, Inc. is in the business of breeding, raising and selling
breeder and market hogs in China and is developing a retail channel for its
pork products including high-value, black hog meat. The Company is focused on
growing high quality hogs for sale for breeding and meat purposes. The Company
conducts genetic, breeding and nutrition research to steadily improve its
This news release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
include statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other statements that
are other than statements of historical facts. These statements are subject
to uncertainties and risks including, but not limited to, product and service
demand and acceptance, changes in technology, economic conditions, the impact
of competition and pricing, government regulation, and other risks contained
in reports filed by the company with the Securities and Exchange Commission.
All such forward-looking statements, whether written or oral, and whether made
by or on behalf of the company, are expressly qualified by the cautionary
statements and any other cautionary statements which may accompany the
forward-looking statements. In addition, the company disclaims any obligation
to update any forward-looking statements to reflect events or circumstances
after the date hereof.
For more information, please contact:
Weitian Group LLC
SOURCE Tianli Agritech, Inc.
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