CHANGGE and BEIJING, China,
June 7, 2011 /PRNewswire-FirstCall/
-- Zhongpin Inc. ("Zhongpin", Nasdaq: HOGS), a leading meat and
food processing company in the People's
Republic of China, today announced that Zhongpin received
two high recognitions during the World Meat Exhibition that was
held from May 31 to June 1, 2011 in
Beijing. The awards are issued
only every third year. Zhongpin was recognized as the "Leading
Enterprise in the Meat and Food Industry in China" and also was named an "Enterprise with
Special Contributions in Chinese Meat Industry."
Mr. Xianfu Zhu, Chairman and
Chief Executive Officer of Zhongpin, said, "These two awards
acknowledge that Zhongpin is at the forefront of China's meat industry and also recognize that
Zhongpin has been actively helping to improve the industry by
example and through briefings and tours. Zhongpin's leadership also
has helped others to learn how to modernize their processes and
improve their effectiveness, efficiency, and financial
performance.
"We are pleased to help lead the industry. Our continuous
advances have greatly improved Zhongpin's operating and financial
performance. We hope that other companies in China will benefit from our leadership to help
provide the best meat quality and safety for the citizens of
China."
"We believe these honors are likely to further strengthen our
role as the pork industry consolidates in China in the next few years."
At the World Meat Exhibition, Zhongpin was ranking number two,
one from the top, based on a comprehensive evaluation that included
size, management, supply chain management, capacity, production
standards, quality assurance and control systems, cold-chain
logistics network, and other factors.
The World Meat Exhibition is jointly sponsored by the World Meat
Organization and the China Meat Association. The awards were
announced during the "2011 Seminar on Development Strategy for the
Meat Industry" session of the Exhibition.
About Zhongpin
Zhongpin Inc. is a meat and food processing company that
specializes in pork and pork products, vegetables, and fruits in
China. Its distribution network in
China covers 20 provinces plus
Beijing, Shanghai, Tianjin, and Chongqing and includes 3,378 retail outlets.
Zhongpin's export markets include Europe, Hong
Kong, and other countries in Asia. For more information about Zhongpin,
please visit Zhongpin's website at http://www.zpfood.com.
Safe harbor statement
Certain statements in this news release may be forward-looking
statements made under the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Zhongpin has based its
forward-looking statements largely on its current expectations and
projections about future events and trends that it believes may
affect its business strategy, results of operations, financial
condition, and financing needs.
These projections 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 downturns in the Chinese economy, unanticipated
changes in product demand, interruptions in the supply of live pigs
and or raw pork, the effects of weather on hog feed production,
poor performance of the retail distribution network, delivery
delays, freezer facility malfunctions, Zhongpin's ability to build
and commence new production facilities according to intended
timelines, the ability to prepare Zhongpin for growth, the ability
to predict Zhongpin's future financial performance and financing
ability, changes in regulations, and other information detailed in
Zhongpin's filings with the United States Securities and Exchange
Commission. These filings are available from www.sec.gov or from
Zhongpin's website at www.zpfood.com.
You are urged to consider these factors carefully in evaluating
Zhongpin's forward-looking statements and are cautioned not to
place undue reliance on those forward-looking statements, which are
qualified in their entirety by this cautionary statement. All
information provided in this news release is as of the date of this
release. Zhongpin does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events, or otherwise, except as required by law.
For more information, please contact:
Zhongpin Inc.
Mr. Sterling Song (English and
Chinese)
Investor Relations Manager
Telephone +86 10 8286 1788 extension 101 in Beijing
ir@zhongpin.com
Mr. Warren (Feng) Wang (English
and Chinese)
Chief Financial Officer
Telephone +86 10 8286 1788 extension 104 in Beijing
warren.wang@zhongpin.com
Christensen
Mr. Christian Arnell (English and
Chinese)
Telephone +86 10 5826 4939 in Beijing
carnell@christensenir.com
Mr. Tom Myers (English)
Mobile +86 139 1141 3520 in Beijing
tmyers@christensenir.com
Ms. Kathy Li (English and
Chinese)
Telephone +1 212 618 1978
kli@christensenir.com
SOURCE Zhongpin Inc.