Fuer International Selected ‘Top Enterprises for China’s Seed Industry’
QIQIHAR, China, March 25, 2011 /PRNewswire-Asia/ — Fuer International Inc. (“Fuer” or the “Company”) (OTC Bulletin Board: FRXT), a leading Chinese agricultural material company providing quality hybrid corn seeds, soybean seeds, rice seeds and fertilizer products to farmers in the northeastern China, today announced that it was selected as one of the “Top Enterprises for China’s Seed Industry” on October 25, 2010. Fuer International ranked 31st among all 54 selected companies and 2nd among all selected companies located in Heilongjiang Province.
The selection of “Top Enterprises for China’s Seed Industry” was held by the China National Seed Association and the selection result was published on the website of the Ministry of Agriculture of the People’s Republic of China. The selection, covering all registered seed companies, was based on revenue, brand image and product quality.
Mr. Zhang, Li, Chief Executive Officer and Chairman of the Board of Fuer, was excited about this selection, “We are greatly inspired by the result, which confirmed our achievements in the past years. This selection will greatly improve our brand image, and further help to increase our market share.” Mr. Zhang explained that the Chinese government places great stress on improving grain output to meet increasing domestic demand for food, and pays great attention to the three northeastern provinces that produce nearly 40% of soybean, over 14% of rice, and 30% of corn of China, with arable land of approximately 216 thousand square kilometers or one-sixth of China’s total arable land.
“We will be committed to providing best-quality products for farmers around China as always. We will continue to expand production capacity, extend sales network, and improve customer services in the near future. At the same time, we will actively establish cooperative relations with various research institutes and colleges to strengthen our research capabilities and market competitiveness,” added Mr. Zhang.
About China National Seed Association
The China National Seed Association (CNSA) is a non-profit and self-regulatory organization voluntarily formed by entities and individuals that develop, produce, distribute or supervise crop seeds or entities and individuals that are related to crop seeds industry in China. The CNSA is an independent social organization with legal person status. It works as a bridge and link between government and seeds industry.
About Fuer International Inc.
Fuer International Inc. is a leading Chinese agricultural material company providing qualified hybrid corn seeds, soybean seeds, rice seeds and fertilizer products to farmers in Northeastern China, which is the most important agricultural region in the country. Through its 1,094 distributors and 3,430 outlets, the Company distributes its products to farmers located in Heilongjiang, Jilin, Northeast Inner Mongolia and the rest of China. Fuer International procures raw seeds through exclusive contracts with farmers in Heilongjiang, Jilin, and Northeast Inner Mongolia. It controls exclusive rights or patents to provide 10 varieties of corn seeds, 19 of soybean seeds and 14 of rice seed that adapt to different temperature zones and soil conditions in the region. China Golden has signed contracts with breeding bases of 16,474 acres, with an annual production capacity of 20 million kilograms and two fertilizer production lines with an annual production capacity of 50,000 tons. Fuer International has one pending patent on fertilizer, rights to four seed varieties and over 40 registered trademarks.
Safe Harbor Statement
This press release contains certain statements that may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon management‘s beliefs, assumptions and expectations of the Company‘s future operations and economic performance, taking into account the information currently available to management. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties, some of which are not currently known that may cause actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial condition expressed or implied in any forward-looking statements. These forward-looking statements are based on current plans and expectations and are subject to a number of uncertainties including, but not limited to, the Company‘s ability to expand its Schisandra Tablets sales, ability to manage expansion of its operations effectively, and other factors detailed in the Company‘s annual report on Form 10-K and other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented herein.
SOURCE Fuer International Inc.