ZHENJIANG, China, July 12, 2016 /PRNewswire/ -- Delta Technology
Holdings Limited (NASDAQ: DELT)
announced today it is moving forward with a new product to prevent
and cure crop diseases. It has been estimated that more than
40 percent of the world's most important food crops are simply lost
each year to disease. Also, billions of dollars are spent
annually to alleviate this loss of food and much of that money is
wasted on products that are simply not reducing this tremendous
loss.
"The global population is growing rapidly and reducing this loss
of food crop to diseases could be one of the most important
accomplishments for a hungry world," said Xin Chao, Chairman and & CEO of Delta
Technology holdings Ltd. "We anticipate mass producing a
product by 2017 that is both safe for humans and the
environment."
Delta Holdings recently filed its financial results (6K for a
foreign entity; www.sec.gov) for the final six months of
2015. "The report shows that Delta Holdings is making an excellent
decision in moving from aspects of its business that were badly
harmed by the slowdown in China's
economic growth and into a focus on production of chemicals that
are needed worldwide. We are repositioning Delta into a
biotechnology company with great potential in invention and
development of products for the agricultural sector. We will keep
our investors advised as we move forward on this new, exciting
path," Mr. Chao said.
About Delta Technology Holdings Ltd.
Founded in 2007, Delta Technology is a leading China-based chemical company producing and
distributing organic compounds. The end application markets of the
Company's products include 380 clients in the automotive,
pharmaceutical, agrochemical, dye & pigments, aerospace,
ceramics, coating-printing, clean energy and food additive
industries. Delta Technology has approximately 300 employees,
many of whom are highly-qualified experts and technical personnel.
The Company serves more than 380 clients in various industries.
Safe Harbor Statement
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements are subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Statements preceded or followed by
or that otherwise include the words "believes," "expects,"
"anticipates," "intends," "projects," "estimates," "plans," and
similar expressions or future or conditional verbs such as "will",
"should", "would", "may" and "could" are generally forward-looking
in nature and not historical facts. Forward-looking statements in
this release also include statements about business and economic
trends. Investors should also consider the areas of risk described
under the heading "Forward Looking Statements" and those factors
captioned as "Risk Factors" in DELT's periodic reports under the
Securities Exchange Act of 1934, as amended, or in connection with
any forward-looking statements that may be made by DELT.
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SOURCE Delta Technology Holdings Limited