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Shandong Zhouyuan Seed
and Nursery Co., Ltd. Announces
Sales Revenue of the Second Quarter
in 2007 Increased by 37.6% Compared
with 2006
LAIZHOU, China, July 16 /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'), achieved seeds sales
income of more than RMB 2 million
(or USD 256,400) for the second
quarter of 2007, increasing 37.6%
from RMB 1.45 million (or USD 185,900)
in the second quarter of 2006.
Mr. Wang Zhigang, President of the
Company, stated, 'During the second
quarter of 2007, we continued to
benefit from the promotion of our
new kinds of seeds. In fact, we
experienced significant net income
and balance sheet while maintaining
our strong sales network and asset
quality, continuing the trends we
experienced in the first quarter
of 2007 and last year.'
In fact, the new corn seed products:
'Huiyuan 20,' 'New Yedan 5,' 'Baima
Wangzi,' which carried excellent
characteristics, such as very strong
yield potential in hybrid with shortened
grow period, excellent stay-green
and disease resistance, high yield
excel at high plant populations,
and a nice combination of stalk
and root strength, have taken a
lot of market shares in China.
About Shandong Zhouyuan Seed and
Nursery Co., Ltd.
Shandong Zhouyuan Seed and Nursery
Co., Ltd. (SZSN) is a large-size
hi-tech corporation, which is 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'), to grow, produce and
market the 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 the agriculture seeds development
and distribution of over twenty
provinces in China. Now Zhouyuan
ranks as 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: +86-535-2212-279
Email: linqi666666@126.com
Web: http://www.chinaseedcorp.com
