A network of independent distributors sells Yongye's products to the branded stores, which are located in 10 provinces. These distributors have the important task of attaching storeowners of newly branded stores to the Company's overall sales network by providing them with the training and support needed to link the Company to its end users. Underscoring the importance of the independent distributors to its sales model, the Company plans to increase and strengthen its distribution network throughout 2009.
"Expanding our distribution channels and network of branded stores is critical for us to keep pace with market demand for our products. Our easily scalable 'community-based' branded store sales model is unique in our industry and has allowed us to increase sales faster than if we developed our own corporate stores," said Mr. Zishen Wu, Chairman and CEO of Yongye. "We recently expanded our production facilities and will be able to support additional stores and meet demand for our "Shengmingsu" plant and animal nutrient products. Looking at the stores currently going through the trial process, we see the largest number of new stores in Hebei province, while our fastest growth is in Shandong province."
About Yongye Biotechnology International, Inc.
Yongye Biotechnology International, Inc., headquartered in Beijing, is
engaged in the development, distribution and sales of fulvic acid based
nutrients for plants and animals. The Company's patent pending processes and
proprietary formulas allow it to create products which increase crop yields
and improve the health of livestock. Its sole operating subsidiary, Yongye
Nongfeng Biotechnology Company, Ltd., is located in Inner Mongolia. The
Company sells its products through distribut
|SOURCE Yongye Biotechnology International, Inc.|
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