China Zongbao Clean Tech Ltd.
China Zongbao received new order contracts to sell 3,960 tons of organic fertilizers for 600,000 Euros to generate delivery for 2011 sales of 3,600,000 Euros
China Zongbao Clean Tech Ltd. / Key word(s): Development of Sales China Zongbao received new order contracts to sell 3,960 tons of organic fertilizers for 600,000 Euros to generate delivery for 2011 sales of 3,600,000 Euros 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. China Zongbao is pleased to receive order contracts from new customers to deliver and sell 3,960 tons of organic fertilizers to the Fertilizer and Pesticide Wholesale Centre in Rushan City of Shandong Province, Green Agriculture Material Operation Department in Laixi City, and Agriculture Material Wholesale Center in Laizhou City. Revenue from these new wholesale customers generate 600,000 Euros exceeding the current Company's sales target of 3,000,000 million Euros for 2011, bringing the Company's 2011 sales to 3,600,000 Euros. Fertilizer and Pesticide Wholesale Centre in Rushan City of Shandong Province has a sales network of more than 300 retailers and is ranked the third largest in Rushan City for its operations and sales. Its wholesale division for fertilizers has an annual sales volume of 50 Million RMB. Green Agriculture Material Operation Department in Laixi City is a wholesaler with more than 100 retailers for sale of fertilizers commanding annual sales volume of 6,000 tons. The annual sales volume for organic fertilizers is more than 1,000 tons. Agriculture Material Wholesale Centre in Laizhou City sells to Laizhou and the neighbouring regions generating annual sales in excess of 7,000 tons of fertilizers. Chairman of China Zongbao, Mr. Wang Li Rong expresses that 'We are honoured to have the commitment and cooperation from these three successful wholesalers in Laizhou City, Rushan City and Laixi City with the orders for organic fertilizers from China Zongbao and believe that this is just the beginning of many more sales orders from these respected wholesalers.' 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. For more information on the Company, please visit the website http://www.chinazongbao.com Email: info@chinazongbao.com End of Corporate News 18.07.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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