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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (26678)	3/10/2005 4:05:49 PM
From: Taikun	Read Replies (1) \| Respond to of 314103

C, Fertilizer? Nice chart...maybe POT will buy them? D Hanfeng Evergreen Inc. Quick Quote: HF 2.86 (+0.21) Hanfeng signs slow-release fertilizer sales contract with value exceeding previous year's total fertilizer revenues 3/10/05 TSX Symbol: HF TORONTO, Mar 10, 2005 (Canada NewsWire via COMTEX) -- Hanfeng Evergreen Inc. is pleased to announce that it has entered into a sales contract with Heilongjiang Shangzhi Guangyuan Specialty Fertilizer Co., Ltd. ("Shangzhi Guangyuan") for 10,000 tonnes of slow-release blended fertilizer for payment of 41.3 million RMB (CDN $6 million) to be delivered during 2005. The contract includes six blends to be produced in Hanfeng's Shanghai fertilizer blending plant, which opened in April, 2004. This sales contract covers half of the 20,000 tonnes of production estimated for 2005 from the Shanghai blending plant. The value of the contract exceeds Hanfeng's total revenues from fertilizer sales in all of 2004. Shangzhi Guangyuan, based in Heilongjiang Province, China, is a distributor of agricultural and horticultural products whose customers include tree and flower nurseries. Shangzhi Guangyuan purchased 1,500 tonnes of slow- release blended fertilizers from Hanfeng in 2004 for test marketing. Based on the positive test market results, Shangzhi Guangyuan placed the 10,000 tonne order, marking an expanding relationship with Hanfeng. "This contract is indicative of the opportunities available to Hanfeng and reinforces our corporate strategy to focus more and more on the fertilizer market. Our specialty fertilizer sales team, with support from our Shanghai Slow-Release R&D Centre, are to be congratulated for this significant contract," said Mr. Xinduo Yu, CEO and Chairman of Hanfeng. "Hanfeng continues to build relationships with distributors of specialty fertilizers in China as we increase our investment in specialty fertilizer production to meet growing demand." About Hanfeng Evergreen Hanfeng is a leader in China's growing market for urban greening and high value agricultural products and services. Headquartered in Toronto, Canada and with operations in Dalian, Shanghai and Beijing, China, Hanfeng has its own production facilities in China and also has exclusive distribution agreements with leading North American suppliers of fertilizers. This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about the Company's business are more fully discussed in Hanfeng's materials, including its annual and interim MD&A, filed with the securities regulatory authorities in Canada from time to time. %SEDAR: 00019491E VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: newswire.ca For further information: please contact Kim Oishi, President, Hanfeng Evergreen Inc., Phone: (416) 368-8588, Fax: (416) 368-5688, Info(at)hanfengevergreen.com; Jay Hussey, Investor Relations, The Equicom Group Inc., Phone: (416) 815-0700 ext. 225, Fax: (416) 815-0080, jhussey(at)equicomgroup.com News release via Canada NewsWire, Toronto 416-863-9350 Copyright (C) 2005 CNW, All rights reserved