Tianli Agritech Inks Sales Agreements with Eight Hotels and Restaurants in
WUHAN CITY, China, Oct. 3, 2013
WUHAN CITY, China, Oct. 3, 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 its operating subsidiary, Hubei Tianzhili Breeder Hog Co. Ltd.
("Tianzhili"), had signed one-year sales contracts with eight hotels and
restaurants in Wuhan City, Hubei Province. Among the eight new customers for
the Company's Tianli-Xiduhei™ black hog meat cuts are three hotels –
WuLingNianDai, DongXin, and Citizen and five restaurants – NongJiaXiaoYuan,
ChuYuWang, ShuiMoRenJia, CuiZhuYuan, and XiaXingTianXia.
"We are delighted to serve these leading hotels and restaurants with our
premium quality black hog meat cuts. Our association with these well-known
hotels and restaurants should enhance the reputation of our branded black hog
meat. As our distribution network continues to expand at a fast clip, we are
increasingly excited about the growth prospects of our black hog program and
our retail business. This, combined with the recovery of pork prices in recent
months, sets the stage for continuing top-line growth and Tianli's return to
profitability in coming quarters," said Mrs. Hanying Li, Chairwoman and Chief
Executive Officer of Tianli.
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 this cautionary
statement 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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