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Yongye Biotechnology Announces Preliminary Results for Fiscal Year 2008
Date:2/16/2009

g demand for our "Shengmingsu" products and rapid expansion of our sales network led to noteworthy revenue and profit growth," commented Mr. Zishen Wu, Chief Executive Officer of Yongye. "While overall economic growth in China is expected to slow in 2009, we believe, based on our experience and understanding of China's agricultural markets, that demand for our plant and animal nutrient products will continue to show strong growth. Our recently expanded production facilities and additional stores will ensure that we meet anticipated demand for our products in 2009. We are fully confident that we will achieve our 2009 make good targets of $66 million in revenue and $15.8 million in net income."

About Yongye Biotechnology International, Inc.

Yongye Biotechnology International, Inc., headquartered in Beijing, is engaged in the distribution and sales of fulvic acid based nutrients for plants and animals. The Company's patented and patent pending processes and proprietary formulas allow it to create products that increase crop yields and improve the health of livestock. Its sole operating subsidiary, Yongye Nongfeng Biotechnology Company, Ltd., is located in Inner Mongolia, People's Republic of China. The Company sells its products through distributors and directly to farmers located in ten provinces throughout China.

The Company does not own any of its branded stores. Yongye works with distributors to target existing, independent agricultural stores which it believe meets its national branding criteria and then enters into agreements with storeowners through which the Company provides training about its products to storeowners and a computer to each store which contains educational and promotional information about the use of its products. Before becoming a Yongye branded store, stores are often physically cleaned and upgraded to meet the Company's national standards. Once a store becomes a Yongye brand
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SOURCE Yongye Biotechnology International, Inc.
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