S&W Seed Ships First Alfalfa Seed Order to North Sudan
FIVE POINTS, Calif., Aug. 17, 2011 /PRNewswire/ — S&W Seed Company (Nasdaq: SANW) today announced it is shipping its first commercial scale alfalfa seed order destined for the new country of North Sudan. The sale is for a selection of S&W’s proprietary non-dormant, salt tolerant, seed alfalfa varieties that have been carefully chosen with a view to growing conditions in North Sudan. The Company is keenly interested in North and South Sudan because of their role in the Company’s strategic plan to expand its reach throughout the Middle East and North Africa.
Mark Grewal, president and chief executive officer of S&W Seed, commented, “S&W’s proprietary alfalfa seed varieties are ideally suited to the climates and soil types in the Middle East and Africa. We have taken the initiative to educate farmers in the region about our high yielding alfalfa seed varieties and how they can give farmers increased returns. With a significant portion of seed utilized in the region of a lower yielding, generic variety, we expect that the superior attributes of our alfalfa seed will be welcomed by the farming community in the region. We believe that educating farmers about our varieties will translate into expanded market share in the coming years.”
In field trials conducted by the University of California-Davis and the University of Arizona, S&W Seed varieties SW 9720 and SW 9215 have consistently demonstrated superior yields of high quality hay grown in a wide array of harsh farming conditions. SW 9720 has earned distinction as the number one high-yielding alfalfa variety with salt tolerance in university trials, and led all entries in both yield and feed quality in a trial conducted at the USDA Salinity Laboratory where alfalfa and other forage species were under salt water irrigation management. Similarly, SW 9215 has tested among the highest yielding salt-tolerant alfalfas certified to date.
Mr. Grewal concluded, “This first commercial shipment to North Sudan follows on the heels of our first shipment to the nation of Kuwait. We are making progress in opening new markets because we combine leading-edge products with the expertise needed to take full advantage of S&W’s resources.”
About S&W Seed Company
Founded in 1980 and headquartered in the Central Valley of California, S&W Seed Company is a leading producer of warm climate, high yield alfalfa seed varieties, including varieties that can thrive in poor, saline soils, as verified over decades of university-sponsored trials. S&W also offers seed cleaning and processing at its 40-acre facility in Five Points, California and has recently launched a business expansion initiative centered on its plan to mass produce stevia leaf in the U.S. in response to growing global demand for the all-natural, zero calorie sweetener from the food and beverage industry. For more information, please visit www.swseedco.com.
Safe Harbor Statement
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors and other risks identified in the Company’s 10-K for the fiscal year ended June 30, 2010, and other filings made by the Company with the Securities and Exchange Commission.
Robert Blum, Joe Dorame, Joe Contact: Diaz Lytham Partners, LLC 602-889-9700 email@example.com
SOURCE S&W Seed Company