Uni Core Holdings Corporation Announces That Prosperous Agriculture Enters into Cooperation Agreements with Three Large-Scale Distributors in Henan and Hebei Provinces
SHENZHEN, China, March 27, 2012 /PRNewswire-Asia/ -- Uni Core Holdings Corporation (OTC Bulletin Board: UCHC), a Hong Kong based holding company, today announces that Shaanxi Prosperous Agriculture Company Limited ("Prosperous Agriculture"), one of UCHC's subsidiaries, has entered into cooperation agreements with three large-scale chain distributors in Henan and Hebei Provinces. The three large-scale chain distributors provide agricultural products to a large number of local markets selling agricultural resources and are industry leaders in terms of sales volume. As a part of the Prosperous Agriculture chain direct sales system, Prosperous Agriculture will initially provide training and integration process to these three distributors.
Mr. Wang Fei, General Manager of Prosperous Agriculture, said: "Both Henan and Hebei provinces are major agricultural provinces in China, accounting for a significant market share of agricultural resources and produce sales for all of China. The confirmation of the three large-scale chain distributors in these two provinces represents a solid step forward for Prosperous Agriculture's further implementation of its business model across China. Prosperous Agriculture intends to have consultancy co-operation arrangements with nine additional distributors by the end of 2012. Eventually, Prosperous Agriculture may invite the distributors who have cooperation agreements with Prosperous Agriculture to join the Prosperous Agriculture System: Aggregation of quality resources to lead to provide a national agricultural resources chain direct sales channel across China."
Prosperous Agriculture is headquartered in Xi'an, Shaanxi Province, China and 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. Prosperous Agriculture has established a national agricultural resources chain direct sales platform through the opening and acquiring of agricultural resources direct sales outlets and dealers, and by working with well-known manufacturers of agricultural products. Prosperous Agriculture integrated more than 2,000 agricultural resources sales outlets, located in areas including Shaanxi, Henan, Shandong, Hebei, Shanxi, Gansu, Ningxia and Xinjiang.
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, 51% of which is owned by UCHC, is headquartered in Xi'an, Shaanxi Province, China. Prosperous Agriculture manufactures and distributes agricultural brands and also establishes a national agricultural resources chain direct sales platform through the opening and acquiring of agricultural resources direct sales outlets and dealers, and by working with well-known manufacturers of agricultural products. Prosperous Agriculture integrated more than 2,000 agricultural resources.
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