WUHAN, China, Aug. 25, 2016 /PRNewswire/ -- Aoxin Tianli Group,
Inc. (NASDAQ:ABAC) ("Aoxin Tianli" or the "Company"), a leading
producer of breeder hogs, market hogs and black hogs, as well as
specialty processed black hog pork products sold through retail
outlets and the internet, with headquarters in Wuhan City, Hubei
Province, China, today
announced that it had signed a sales agreement (the "Agreement")
with Wuhan Fengyu Agricultural Development Co., Ltd. ("Fengyu") to
sell the Company's Tianli-Xiduhei™ black hog pork products through
Fengyu's online stores on Taobao.com, Meituan.com and the mobile
app platform Wechat. The Agreement has a one year term, effective
August 24, 2016, and can be
automatically extended for successive one-year periods.
Sales of the Company's black hog pork cuts, sausages, and cured
hams through Fengyu's web portals are expected to commence by
Mid-September this year.
"This follows our announcement last week of a sales agreement
with the online group buying site www.ixiaop.com and further
expands online and mobile distribution channels for our black hog
pork products. With the effective combination of online and offline
sales, we believe that our retail business is poised for strong
growth in the near term," said Mr. Wocheng Liu, Chairman and
Co-Chief Executive Officer of Aoxin Tianli.
About Wuhan Fengyu Agricultural Development Co., Ltd.
Established in 2011 and based in Wuhan City, Hubei
Province, Wuhan Fengyu Agricultural Development Co., Ltd.
("Fengyu") engages in the production, distribution, and sales of
fruits, vegetables, meats, poultry and fish products. Fengyu also
operates a 165-acre agritourism facility in the Huangpi District of
Wuhan City. More information about Fengyu can be found at:
www.whfengyu.com.
About Aoxin Tianli Group, Inc.
Aoxin Tianli Group, Inc. (the "Company"), previously known as
Tianli Agritech, Inc., is in the business of breeding, raising and
selling breeder and market hogs in China. The Company also sells specialty
processed black hog pork products through supermarkets and other
retail outlets, as well as the internet. More information about the
Company can be found at: www.aoxintianli-china.com.
Forward-Looking Statements
This news release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulations, and other risks contained in reports filed by the
company with the Securities and Exchange Commission. All such
forward-looking statements, whether written or oral, and whether
made by or on behalf of the Company, are expressly qualified by
this cautionary statement and any other cautionary statements which
may accompany the forward-looking statements. In addition, the
Company disclaims any obligation to update any forward-looking
statements to reflect events or circumstances after the date
hereof.
For more information, please contact:
Tina Xiao
Weitian Group LLC
Phone: +1-917-609-0333
Email: tina.xiao@weitian-ir.com
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SOURCE Aoxin Tianli Group, Inc.
