Laizhou, China
July 16, 2007
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.
Shandong Zhouyuan Seed and Nursery Co., Ltd. (SZSN) is the
large-sized 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'), 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 the agriculture seeds
development and distribution over more than 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'. |
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