Uni Core Holdings Corporation Reports First Quarter Revenues of APT Paper Group, its Wholly-Owned Subsidiary, of $6.266 Million
HONG KONG, Dec. 5, 2011 /PRNewswire-Asia/ -- Uni Core Holdings Corporation (the "Company" or "UCHC") (OTCBB: UCHC.OB), a Hong Kong based holding company, announced today that first quarter (July 1 to September 30, 2011) sales revenue of its wholly owned paper subsidiary APT Paper Group ("APT") were $6.266 million, an increase of 36% as compared with the same quarter last year. Based upon proprietary technology, production, marketing and global supply chains, APT is one of the leaders of the modern green packing and honeycomb paper products industry in China. Some of APT's customers include Wal-Mart, Costco, Sam's Club, Sony, Nokia, DHL, Haier, Hisense, among others.
Thomas Lee, Chief Operating Officer and Chief Financial Officer of UCHC, said, "The financial results of our paper subsidiary, APT, are quite encouraging, especially in the current global economic conditions. APT has been able to garner new customers and expand organically primarily due to its unique and environmentally friendly recycled and recyclable products."
About Uni Core Holdings Corporation (UCHC.OB)
Uni Core through its subsidiaries develops, manufactures and distributes environmental friendly paper and agricultural products based upon its proprietary technology and supply chains. The Company was founded in 1998 and is headquartered in Hong Kong.
APT Paper Group, a wholly owned subsidiary, headquartered in Shenzhen, Guangdong, China, was founded in November 1993. UCHC acquired 100% of APT in June 2010. Based upon proprietary technology, production, marketing and global supply chains, APT is one of the leaders of the modern environmentally friendly packing and honeycomb paper products industry in China. APT's products are produced from recycled materials and are recyclable. APT's products include honeycomb paper pallets, honeycomb paper panels, honeycomb paper cartons, honeycomb paper coffins, honeycomb paper cushions, paper slip sheets, paper corner protectors and corrugated paper products. APT holds patents throughout the world on many of its products. Some of APT's customers include Wal-Mart, Costco, Sam's Club, Sony, Nokia, DHL, Haier, Hisense, among others.
Prosperous Agriculture, 21% of which is currently owned by Uni Core, is headquartered in Xi'an, Shaanxi, China. (Pursuant to an Agreement between Shaanxi Prosperous Agriculture Company Limited and UCHC, UCH has agreed to acquire 51% of Shaanxi Prosperous Agriculture Limited in two phases.) Prosperous Agriculture manufactures and distributes three agricultural brands: "XiDuoFeng", a biological fertilizer series that expands the utilization rate of conventional fertilizers, enhances quality of crops, and increases production with a bio-microbial agent produced by a proprietary bio-technology; "Urea-Extra", a long-lasting nitrogenous fertilizer series that increases the utilization rate of traditional nitrogenous fertilizer by more than 50%; and "Sirius" compound fertilizer series. There are more than 200 agricultural resources dealers and more than 20,000 points of sale in China that sell Prosperous Agriculture's products, forming one of the largest distribution platform covering China's rural markets.
Safe Harbor Statement:
Except for statements of historical fact, this document contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of the Company's products. Such forward-looking statements are based on present circumstances and on the Company's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include the Company's ability to raise capital to engage in operations, general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors that the Company has little or no control. Such forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by the Company with the Securities and Exchange Commission.
For more information, please contact:
Mr. Zhou Caiyi