BEIJING, Aug. 28, 2012 -- /PRNewswire-Asia-FirstCall/ --
Deyu Agriculture Corp. (OTCBB: DEYU) (the "Company"), a Beijing,
China based vertically integrated producer, processor, marketer and distributor
of organic and other agricultural products made from corn and grains, today
announced that the China National Association of Grain Sector awarded Deyu's wholly-owned
subsidiary, Detian Yu Biotechnology (Beijing) Co., Ltd. ("Detian
Yu"), the "AAA Grade Credit Rating" as well as the title of
"Integrity Cereals and Oil Enterprise." Detian Yu, which was elected
a member of the China Food Industry Association in July 2012, is engaged in the
wholesale and retail distribution of simple processed and deep processed
packaged and unpackaged food products.
The China Grain Sector National Association conducted
the evaluation and recommendation for the "AAA" award, and the credit
status was objectively rated by third party credit evaluation organizations
based on Detian Yu's business management, solvency and credit status. The
"AAA" rating is a comparatively higher level of credit that reflects
Detian Yu's consistent integrity in its business operations for a long period
of time, in addition to the potential and advantages Detian Yu possesses in
regards to procurement of raw materials, technologies, R&D capability, product quality, industry
prospects and marketing and internal management.
"We are honored to receive these awards as they
represent strong intangible assets for our Company," said Jianming Hao,
Chief Executive Officer and Chairman of Deyu. "The 'AAA Credit Rating' and
the title of 'Integrity Cereals and Oil Enterprise' further strengthen the
development of our corporate credit system and the promotion of our brand
strategy, and also underscore that Detian Yu has achieved excellent results of
wide recognition and affirmation from the community. As a whole, our Company
will continue to strive to build the integrity of our business operations and
enhance our corporate credibility in the future."
About Deyu Agriculture
Deyu Agriculture Corp. is a vertically integrated producer,
processor, marketer and distributor of organic and other agricultural products
made from corn and grains operating in Shanxi Province of the People's Republic
of China. The Company has access to over 109,000 acres of farmland in Shanxi
Province for breeding, cultivating, processing, warehousing and distributing
grain and corn products. Deyu has an extensive wholesale network in over 15
provinces and a retail distribution network of approximately 20,000
supermarkets and convenience stores in 29 provinces across China. Deyu's
facilities include advanced production lines and modern warehouses with a total
production capacity of over 105,000 tons for grain products, storage capacity
of over 100,000 tons and annual turnover of 700,000 tons for corn products. The
Company's website is located atwww.deyuagri.com.
Safe Harbor Statements
This press release contains forward-looking statements made
under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Forward looking statements are based upon the
current plans, estimates and projections of Deyu's management and are subject
to risks and uncertainties, which could cause actual results to differ from the
forward looking statements. Such statements include, among others, those
concerning market and industry segment growth and demand and acceptance of new
and existing products; any projections of sales, earnings, revenue, margins or
other financial items; any statements of the plans, strategies and objectives
of management for future operations; any statements regarding future economic
conditions or performance; uncertainties related to conducting business in
China, as well as all assumptions, expectations, predictions, intentions or
beliefs about future events. Therefore, you should not place undue reliance on
these forward-looking statements. The following factors, among others, could
cause actual results to differ from those set forth in the forward-looking
statements: business conditions in China, general economic conditions;
geopolitical events and regulatory changes, availability of capital, changes in
the agricultural industry, the Company's ability to maintain its competitive
position. Additional Information regarding risks can be found in the Company's
quarterly and annual reports filed with the U.S.
Securities and Exchange Commission atwww.sec.gov.
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