Zhongpin Approved to List on the Nasdaq Global Select Market
26 12월 2007 - 10:00PM
PR Newswire (US)
CHANGGE CITY, China, Dec. 26 /Xinhua-PRNewswire-FirstCall/ --
Zhongpin Inc. (OTC:ZHNP) (BULLETIN BOARD: ZHNP) ("Zhongpin"), a
leading meat and food processing company in the People's Republic
of China ("PRC"), announced that it has received approval for
listing on the Nasdaq Global Select Market. Zhongpin plans to start
trading on the Nasdaq Global Select Market from December 27, 2007.
Nasdaq has reserved HOGS as the trading symbol for Zhongpin's
common stock. "We are extremely pleased to be approved to list our
common stock on the Nasdaq Global Select Market," commented Mr.
Xianfu Zhu, Chairman and CEO of Zhongpin. "Having our common stock
listed on the Nasdaq Global Select Market is an important part of
our goal to increase our profile in the international markets as we
help advance the modernization of China's meat processing industry.
We believe that our listing on the Nasdaq will increase our
visibility and liquidity as well as expand our pool of investors."
About Zhongpin Zhongpin is a meat and food processing company that
specializes in pork and pork products, and fruits and vegetables,
in the PRC. Its distribution network in the PRC spans more than 20
provinces and includes over 2,800 retail outlets. Zhongpin's export
markets include the European Union, Eastern Europe, Russia, Hong
Kong, Japan and South Korea. For more information, contact CCG
Elite directly or visit Zhongpin's website at
http://www.zpfood.com/ . Safe Harbor Under the Private Securities
Litigation Reform Act of 1995: Certain statements in this press
release constitute forward-looking statements within the meaning of
Federal securities laws. Forward-looking statements are statements
that are not historical facts. Such forward-looking statements are
based upon the current beliefs and expectations of the company's
management and are subject to risks and uncertainties, which could
cause actual results to differ from the forward-looking statements.
The following factors, among others, could cause actual results to
differ from those set forth in the forward-looking statements:
unanticipated changes in product demand, interruptions in the
supply of live pigs/raw pork, downturns in the Chinese economy,
delivery delays, freezer facility malfunctions, poor performance of
the retail distribution network, changes in applicable regulations,
and other information detailed from time to time in the company's
filings and future filings with the United States Securities and
Exchange Commission. For more information, please contact: Crocker
Coulson, President Leslie Richardson, Financial Writer CCG Elite
Tel: +1-646-213-1915 Email: Yuanmei Ma, Chief Financial Officer
Zhongpin Inc. Tel: +86-10-82861788 DATASOURCE: Zhongpin Inc.
CONTACT: Yuanmei Ma of Zhongpin Inc., +86-10-828-61788; or Crocker
Coulson, President, or Leslie Richardson, Financial Writer of CCG
Elite for Zhongpin, +1-646-213-1915, or Web site:
http://www.zpfood.com/
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