Navigation Links
Yongye Biotechnology International Raises $ 9.0 Million In Private Placement, Raises Guidance
Date:5/8/2009

BEIJING, May 8 /PRNewswire-Asia-FirstCall/ -- Yongye Biotechnology International, Inc. (OTC Bulletin Board: YGYB, "Yongye" or the "Company"), a leading developer and distributor of plant and animal nutrient products in the People's Republic of China, today announced that it closed a private placement financing with institutional and other accredited investors which included many of the same investors who participated in its April and September 2008 financings. Gross proceeds of approximately $9.0 million were generated through the issuance of 5.83 million shares of common stock at $1.54 per share. ROTH Capital Partners served as the placement agent.

The Company sells most of its Shengmingsu brand products to a limited number of independent regional distributors which then sell the products to local distributors and approximately 3,500 Yongye branded and other retail stores. Beginning in late 2008, the independent regional distributors started receiving new orders from their local distributors and retail stores for an increasing volume of Yongye products to be delivered in 2009. These additional orders led Yongye to seek additional financing. The Company plans to use the proceeds of the current private placement as working capital to help ensure that it can fill all of the orders it has already received and continues to receive from the independent distributors.

Revised Revenue and Net Income Guidance

Yongye is raising its previously announced revenue and net income guidance because of increased sales supported by this current financing. Yongye revises its previously announced revenue guidance for fiscal year 2009 from $66 million to $82 to $84 million, and its previously announced net income guidance from $15.8 million to $23 to $24 million.

"We undertook great effort in 2008 to build up Yongye's marketing and technical support functions so that they could support, scale with
'/>"/>

SOURCE Yongye Biotechnology International, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. Yongye Biotechnology Distributor has Record Breaking Single Store Sales Day
2. Yongye Biotechnology Announces Preliminary Results for its Fiscal Quarter Ended March 31, 2009
3. Yongye Biotechnology Appoints New Chief Financial Officer
4. Yongye Biotechnology Announces Preliminary Results for Fiscal Year 2008
5. Yongye Biotechnology to Host Virtual Retail Road Show to Provide Overview of the Company in English and Mandarin
6. Yongye Biotechnology International to Expand its Network of Branded Stores
7. Yongye Biotechnology to Present at Roth Conference
8. Yongye Biotechnology Announces Record Third Quarter Results
9. Yongye Biotechnology to Present at Roth Capital China Comes to Vegas Conference
10. Letter to Shareholders from the CEO and Chairman of the Board of Yongye Biotechnology, Inc.
11. Yongye Biotechnology International Raises $9.4 Million in Private Placement
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/18/2014)... 18, 2014 Research and Markets ... Albumin Industry Report 2014" report to their offering. ... 2014 is a professional and in-depth study on the ... The report provides a basic overview of the ... The human albumin market analysis is provided for the ...
(Date:9/18/2014)... TX (PRWEB) September 18, 2014 ... a FM-4910 listed material, to stay competitive in ... These high-performance materials ultimately impact product quality ... President and owner. , Established in 1980 in ... strong as many fabricators have left the business. ...
(Date:9/18/2014)...  MEI Pharma, Inc. (Nasdaq: MEIP ), an ... for cancer, announced today that Daniel P. Gold , ... NewsMakers in the Biotech Industry conference on Friday, ... Millennium Broadway Hotel & Conference Center in New ... be accessed at www.meipharma.com . A replay will be ...
(Date:9/18/2014)... 2014 /PRNewswire/ - Oncothyreon Inc. (NASDAQ: ONTY ... but separate underwritten offerings of 10,000,000 shares of its ... $2.00 per share, for expected gross proceeds of $20 ... Preferred Stock at a price to the public of ... million. Each share of Series A Convertible Preferred Stock ...
Breaking Biology Technology:Global Human Albumin Industry Report 2014 2Global Human Albumin Industry Report 2014 3Leatherwood Plastics Selects Vycom’s Flametec PVC-C Material to Stay Competitive in Semiconductor and Lab Equipment Industries 2MEI Pharma To Present At BioCentury's NewsMakers Conference 2MEI Pharma To Present At BioCentury's NewsMakers Conference 3Oncothyreon Prices $40 Million Concurrent Public Offerings of Common Stock and Preferred Stock 2Oncothyreon Prices $40 Million Concurrent Public Offerings of Common Stock and Preferred Stock 3
... NEW YORK, Sept. 8, 2011 Reportlinker.com ... is available in its catalogue: ... http://www.reportlinker.com/p0611079/Global-D-Amino-Acids-Industry.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Biotechno This ... Acids in US$ Million. The report provides ...
... Sept. 8, 2011 Reportlinker.com announces that a ... its catalogue: Global Metabolomics ... This report analyzes the worldwide ... report provides separate comprehensive analytics for the ...
... a single set of chromosomes for the first time ... The technique should allow scientists to better establish the ... usually contain two sets of chromosomes one set ... genetic information contained in these chromosome sets helps determine ...
Cached Biology Technology:Global D-Amino Acids Industry 2Global D-Amino Acids Industry 3Global D-Amino Acids Industry 4Global D-Amino Acids Industry 5Global D-Amino Acids Industry 6Global D-Amino Acids Industry 7Global D-Amino Acids Industry 8Global D-Amino Acids Industry 9Global D-Amino Acids Industry 10Global D-Amino Acids Industry 11Global D-Amino Acids Industry 12Global D-Amino Acids Industry 13Global D-Amino Acids Industry 14Global D-Amino Acids Industry 15Global D-Amino Acids Industry 16Global Metabolomics Industry 2Global Metabolomics Industry 3Global Metabolomics Industry 4Global Metabolomics Industry 5Global Metabolomics Industry 6Global Metabolomics Industry 7Scientists create mammalian cells with single chromosome set 2
(Date:9/18/2014)... researchers from McGill University and the Quebec government ... ,microbeads, Canadian Journal of Fisheries and Aquatic ... cosmetics, household cleansers, or industrial cleansers, to which ... their small size and buoyancy, they may readily ... a global contaminant in the world,s oceans, but ...
(Date:9/18/2014)... Our genetic information is stored in DNA, tiny strands ... of our bodies. To express this genetic data, our ... the instructions into proteins that perform tasks in our ... new type of RNA molecule. Unlike all other known ... RNA. Although circRNA molecules are abundant, little has been ...
(Date:9/18/2014)... disciplines will be celebrated tonight at the third annual ... the health of premature infants and in paving the ... whose work was supported by the National Science Foundation, ... Energy Commission, will be honored at a ceremony at ... group of Members of Congress will be on hand ...
Breaking Biology News(10 mins):Microplastic pollution discovered in St. Lawrence River sediments 2Scientists find how mysterious 'circular RNA' is formed, claim muscular dystrophy link 23rd annual Golden Goose award ceremony honors 8 researchers; Unusual work had big results 2
... based compounds, which are 8-mer LNA oligonucleotides, successfully inhibit ... a variety of diseases, including cancer, viral infections, cardiovascular ... affinity and target specificity of tiny LNA-based compounds enabled ... of tissues without off-target effects Tiny ...
... is a health problem that affects hundreds of ... billion every year in North America. Researchers from the ... Canada say they are gaining a deeper understanding of ... treatment using antibodies from llamas. "We have found ...
... NY) Researchers at Albert Einstein College of Medicine ... enzyme family found in humans and throughout the plant and ... Their findings suggest an entirely new strategy for treating conditions ... Sharp, Ph.D. , associate professor of physiology & biophysics ...
Cached Biology News:New data published in Nature Genetics demonstrate that tiny LNA-based compounds developed by Santaris Pharma A/S inhibit entire disease-associated microRNA families 2New data published in Nature Genetics demonstrate that tiny LNA-based compounds developed by Santaris Pharma A/S inhibit entire disease-associated microRNA families 3Researchers step closer to treatment of virulent hospital infection 2Enzyme can steer cells or possibly stop them in their tracks 2
Fast, sensitive quantitation of Mouse IgM concentration....
... 200 g of lyophilized peptide derived from ... acids 380-402; GLTPSAWEASSLRSSRHSGLSHF. This peptide ... of Cayman's EP1 receptor polyclonal antibody (Catalog ... conjunction with this antibody to block protein-antibody ...
... x 25 mm; approximately 1 mm thick, ... sections, sandblasted frosted writing ... markings will not rub off or wash off ... store at room temperature ...
Complete cell culture media with cytokines...
Biology Products: