BEIJING, May 30,
2012 /PRNewswire-Asia-FirstCall/ -- Deyu Agriculture Corp. (DEYU.PK) (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 it has promoted Ms. Amy
He from Acting Chief Financial Officer to Chief Financial Officer of the
Company.
Ms. He has served as Deyu's Acting CFO
since February 2012. She previously served as the Company's Financial
Controller in 2011.
"We are very pleased that Ms. He will
continue to be a part of our management team," said Mr. Jianming Hao,
Deyu's Chairman and Chief Executive Officer. "She has considerable
experience in financial management, strategic planning, operations and
manufacturing, and we are confident that her background and skill set will
continue to significantly benefit Deyu and our shareholders as we further
implement our growth strategies."
Ms. He previously served as an audit manager
for Deloitte Touche Tohmatsu CPA Ltd. in China fromJuly
2005 through September 2011. At Deloitte, she served multinational
corporations and Chinese corporate clients, including private companies and
public listed companies in the United States. Ms. He earned a Masters
Degree in Management from the Chinese Academy of Sciences and a Bachelors Degree
in Accounting from Tsinghua University in China. She is qualified as a
Certified Public Accountant in China and a Certified General
Accountant in Canada.
"Deyu has many exciting opportunities
ahead as it addresses the rising demand for natural, green and organic foods
in China," commented Ms. He. "I look forward to continue leading
the Company's finance team and working with our investors as we strive to
become a higher value-added grain-based food processing company."
About Deyu Agriculture Corp.
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
at www.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.
Investor Contact:
Mr. Kevin Fickle, President
NUWA Group LLC.
Tel: +1-925-330-8315
Email: kevin@nuwagroup.com
Mr. Kevin Fickle, President
NUWA Group LLC.
Tel: +1-925-330-8315
Email: kevin@nuwagroup.com
Company Contact:
Ms. Amy He, Chief Financial Officer
Deyu Agriculture Corp.
Tel: +86-10-5224-1802 X389
Email: amy@china-deyu.com
Ms. Cynthia Yang, Assistant to Acting CFO
Tel: +1-646-820-8060
Email: deyuintl@gmail.com
Ms. Amy He, Chief Financial Officer
Deyu Agriculture Corp.
Tel: +86-10-5224-1802 X389
Email: amy@china-deyu.com
Ms. Cynthia Yang, Assistant to Acting CFO
Tel: +1-646-820-8060
Email: deyuintl@gmail.com
SOURCE Deyu Agriculture Corp.