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Shandong Zhouyuan Seed
and Nursery Co., Ltd. Invests Land
in Real Estate Development Project
with Expectation of USD 1.4 Million
Profit
LAIZHOU, China, July 13 /Xinhua-PRNewswire/
-- Shandong Zhouyuan Seed and Nursery
Co., Ltd. (OTC Bulletin Board: SZSN)
('SZSN' or 'Parent Corporation')
which is incorporated in the State
of Delaware, announced that its
subsidiary operating company in
China, Shandong Zhouyuan Seed and
Nursery Co., Ltd. ('Zhouyuan' or
'the Company'), entered into an
agreement with Jixi Xingcheng Real
Estate Development Co. Ltd. ('Xingcheng'),
that they will jointly develop the
Zhouyuan Building project with an
investment of about RMB 50 million
(or USD 6.4 million).
According to this agreement, Zhouyuan
will invest in the form of land
(land certificate number: 102131387)
and the building on this land (property
right certificate number: 2002016225).
Zhouyuan holds the land and property
certificates. During the project,
it will help to complete relative
administrative and legal procedures.
Xingcheng will be in charge of the
whole management of the project
development, including applying
relative qualifications and licenses,
construction, development, sales
of the unites, tax payment, and
etc.
Both parties will determine the
way of profit sharing and the proportion
of profit according to their respective
investments. Zhouyuan expects to
gain RMB 11 million (or USD 1.4
million) profit in this project.
About Shandong Zhouyuan Seed and
Nursery Co., Ltd.
Shandong Zhouyuan Seed and Nursery
Co., Ltd. (SZSN) is a large-size
hi-tech corporation incorporated
in the State of Delaware under the
laws of United States. SZSN, through
its operating subsidiary, Shandong
Zhouyuan Seed and Nursery Co., Ltd.
('Zhouyuan'), grows, produces and
markets seeds with high starch content
for use in industrial food production
in China. Zhouyuan was organized
in 2001 in China under the laws
of the People's Republic of China,
which is located in Laizhou, Shandong
province. Its business covers agriculture
seeds development and distribution
over more than twenty provinces
in China. Now Zhouyuan ranks one
of the top three seed producers
in the Laizhou District, which is
known as the 'Seed Valley of China'.
Safe Harbor
A number of statements referenced
in this Press Release, and in our
website, are forward-looking statements,
which are made pursuant to the Safe
Harbor Provisions of the Private
Securities Litigation Reform Act
of 1995, and within the meaning
of Section 27A of the Securities
Act of 1933 and Section 21B of the
Exchange Act of 1934. Any statements
that express or involve discussions
with respect to predictions, expectations,
beliefs, plans, projections, objectives,
and goals, assumption of future
events or performance are not statements
of historical fact and may be 'forward-looking
statements.' Forward looking statements
are based on expectations, estimates
and projections at the time the
statements are made that involve
a number of risks and uncertainties
which could cause actual results
or events to differ materially from
those presently anticipated. Forward-looking
statements in this Release may be
identified through the use of words
such as 'expects,' 'will,' 'anticipates,'
'estimates,' 'believes,' or statements
indicating certain actions 'may,'
'could,' or 'might' occur. Such
statements reflect the current views
of Shandong Zhouyuan Seed and Nursery
Co., Ltd. with respect to future
events and are subject to certain
assumptions, including those described
in this release. These forward-looking
statements involve a number of risks
and uncertainties, including the
timely development and market acceptance
of products, services, and technologies,
competitive market conditions, successful
integration of acquisitions, the
ability to secure additional sources
of financing, the ability to reduce
operating expenses, and other factors.
The actual results that the Company
achieves may differ materially from
any forward-looking statements due
to such risks and uncertainties.
Shandong Zhouyuan Seed and Nursery
Co., Ltd. does not undertake any
responsibility to update the 'forward-looking'
statements contained in this news
release.
For more information, please contact:
Mr. LIN Qi
Shandong Zhouyuan Seed and Nursery
Co., Ltd.
Tel: +86-535-2212279
Email: linqi666666@126.com
Website: http://www.chinaseedcorp.com
