CHANGGE CITY,
Zhongpin began construction of the Yongcheng facility in the second half
of 2007 with an investment of approximately
"We believe the opening of the Yongcheng facility is an important step for
Zhongpin in expanding our production capacity and optimizing our product mix,
which will enable us to significantly and rapidly increase our market share in
eastern
About Zhongpin
Zhongpin is a meat and food processing company that specializes in pork
and pork products, and fruits and vegetables, in the PRC. Its distribution
network in the PRC spans 24 provinces and includes over 2,995 retail outlets.
Zhongpin's export markets include the European Union,
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding our ability to prepare the Company for growth, the Company's planned manufacturing capacity expansion in 2008 and predictions and guidance relating to the Company's future financial performance. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs, but these projections also involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as, unanticipated changes in product demand, interruptions in the supply of live pigs/raw pork, downturns in the Chinese economy, delivery delays, freezer facility malfunctions, poor performance of the retail distribution network, changes in applicable regulations, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
For more information, please contact: Warren Wang, Chief Financial Officer Zhongpin Inc. Tel: +86-10-82861788 Email: ir@zhongpin.com Web: http://www.zpfood.com Crocker Coulson, President CCG Investor Relations Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.com Web: http://www.ccgirasia.com
SOURCE Zhongpin Inc.