WUHAN CITY, China, Oct. 3,
2013 /PRNewswire/ -- Tianli Agritech, Inc. (NASDAQ:OINK)
("Tianli" or the "Company"), a leading producer of breeder hogs,
market hogs and black hogs, headquartered in Wuhan City, China, today announced that its operating
subsidiary, Hubei Tianzhili Breeder Hog Co. Ltd. ("Tianzhili"), had
signed one-year sales contracts with eight hotels and restaurants
in Wuhan City, Hubei Province. Among the eight new customers
for the Company's Tianli-Xiduhei™ black hog meat cuts are three
hotels – WuLingNianDai, DongXin, and Citizen and five restaurants –
NongJiaXiaoYuan, ChuYuWang, ShuiMoRenJia, CuiZhuYuan, and
XiaXingTianXia.
"We are delighted to serve these leading hotels and restaurants
with our premium quality black hog meat cuts. Our association with
these well-known hotels and restaurants should enhance the
reputation of our branded black hog meat. As our distribution
network continues to expand at a fast clip, we are increasingly
excited about the growth prospects of our black hog program and our
retail business. This, combined with the recovery of pork prices in
recent months, sets the stage for continuing top-line growth and
Tianli's return to profitability in coming quarters," said Mrs.
Hanying Li, Chairwoman and Chief
Executive Officer of Tianli.
About Tianli Agritech, Inc.
Tianli Agritech, Inc. is in the business of breeding, raising
and selling breeder and market hogs in China and is developing a retail channel for
its pork products including high-value, black hog meat. The Company
is focused on growing high quality hogs for sale for breeding and
meat purposes. The Company conducts genetic, breeding and nutrition
research to steadily improve its production capabilities.
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
regulation, 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
Web: http://www.weitian-ir.com
SOURCE Tianli Agritech, Inc.