China Agri-Business, Inc.
China Agri-Business, Inc. (China Agri) is engaged in the manufacturing and marketing of organic biochemical agricultural application products. The Company manufactures organic biochemical agricultural application products, which Xinsheng Luyuan, Xinsheng Lufeng, Xinsheng Huang-jin-gai, Xinsheng Jia-tian-xia and Xinsheng Bai-le. On March 24, 2006, China Agri formed Mei Xin Agri Technology (Shaanxi) Co., Ltd. (Meixin) in Xi'an city, the People's Republic of China. Meixin is a wholly owned subsidiary of China Agri. Meixin acts as a management company for Shaanxi Xin Sheng Centennial Agricultural and Technology Co., Ltd. (Xinsheng). Xinsheng manufactures and sells non-toxic fertilizer, bactericide and fungicide products used for farming in the People's Republic of China.
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China AgriBusiness opens prototype branded "green" store
China Agri-Business, Inc. (OTC:CHBU) announced that it has opened its first "Fuqi Yingyang Fang" ("Lucky Seven Health") branded store in Xian City, Shaanxi. The Yingyang Fang branded store program intends to create a new marketing channel for Chinese farmers to sell their ‘Green' products and to promote China Agri-Business' ‘green' agriculture products such as its organic fertilizer.
China Agri-Business Inc through its operating company in China, Shaanxi Xin Sheng Centennial Agriculture and Technology Co Ltd manufactures and sells non-toxic fertilizer, bactericide and fungicide products used for farming in China.
Crops grown with Xinsheng's products are eligible to qualify for the "AA Green Food" rating administered by the China Green Food Development Center, an agency under the jurisdiction of the Ministry of Agriculture of the People's Republic of China.
Fuqi Yingyang Fang is a branded prototype store with approximately 1,720 square feet (190 square meters), the store retails selected green, organic agricultural products as well as high-quality processed agricultural products. Additionally in-store professional nutritionists provide free dietary consulting services to customers in accordance with their nutritional well being.
The estimated cost per branded store is approximately $23,000, each store is estimated to achieve revenues of approximately $147,000. The complete Fuqi Yingyang Fang store roll-out will require an investment of $2.3 million to establish over 100 stores across the People's Republic of China.
China Agri-Business CEO, Lipeng Deng commented on the latest development for the emerging Chinese Agriculture business:
"A Fuqi Yingyang Fang branded store program is part of the Company's market initiative ... Fuqi Yingyang Fang branded store program is designed to help farmers sell green agricultural products grown using our organic fertilizer products."
