China Zongbao Clean Tech Ltd.
China Zongbao enters into product promotion agreement for organic fertilizers with First Agricultural Division of Xinjiang Construction Corps to earn Eur 6,400,000 for supply to year end 2011
China Zongbao Clean Tech Ltd. / Key word(s): Development of Sales China Zongbao enters into product promotion agreement for organic fertilizers with First Agricultural Division of Xinjiang Construction Corps to earn Eur 6,400,000 for supply to year end 2011
China Zongbao Clean Tech Limited (ZEC, the Frankfurt Open Market Listed Company) (the 'Company') has patented technology in China recycling solid waste to produce high yield organic fertilizers within a record time. The Company is pleased to announce it has sold its first order of organic fertilizers of a series of orders entered into in a product promotion agreement for organic fertilizers with the First Agricultural Division of Xinjiang Construction Corps (herein called 'Xinjiang'),with potential supply of 0.4 million tons of organic fertilizers. For year end 2011 the supply requirement of 40,000 tons of organic fertilizers shall yield the company revenue of EUR 6,400,000. The First Agricultural Division of Xinjiang Construction Corps is located in Aksu Prefecture with a developed agricultural area of 124,800 hectares. Cotton accounts for 70% of Xinjiang's crops, followed by rice and wheat. The annual production of cotton is 170,000 tons. Xinjiang is renowned for leading the country in creating and inventing new breeds and strands. China's long staple cotton is born in Talimu, invented and cultivated by a breeding expert in Xinjiang. The standard in long staple cotton established by Xinjiang is adopted by the country as its technical standard for long staple cotton breed. Xinjiang is honoured to be the only national long staple cotton breeding center in China for the breeding of enhanced stock base with the biggest cotton seed processing factory in China. Xinjiang employs oasis irrigation farming with water resources that stem from the mountain glacier. There are six rivers and five large and mid scale regulated reservoirs with a total storage of 517,000,000 cubic meters and they provide irrigation to 160,000 hectares of land. There are more than 12 medium and small hydroelectric power stations with total installed capacity of 31,000 kilowatts. China Zongbao Clean Tech Limited – Solving tomorrow's pressing environmental concerns today, in a profitable way.
This news release may contain certain forward looking statements, expectations, intentions, strategies and beliefs regarding the future of the company. All statements contained herein are based upon information available to management of China Zongbao Clean Tech Limited as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management of the company, including risks and uncertainties that could cause actual results and future results to differ materially. Management and company representatives do not take any responsibility to update the contents of this news release in the event of any new aspects or conditions that arise or that may change the information stated herein.
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