Contact Information: Contacts: In China: Matt Feng Investor Relations China Tel: 86 10 8785-9020 matt.feng@agriacorp.com In the U.S.: David Pasquale Senior Vice President U.S. Tel: +914-337-1117 david.pasquale@agriacorp.com
Agria Appoints David Pasquale as Senior Vice President
| Source: Agria Corporation
BEIJING--(Marketwire - February 4, 2008) - Agria Corporation (NYSE : GRO ), an innovative
China-based agri-solutions provider, today announced that it has appointed
David M. Pasquale to the position of Senior Vice President.
In his new position, Mr. Pasquale will be based in New York and will be
responsible for developing, implementing and leading Agria's investor
relations and corporate communications initiatives, including proactive
communication with equity research analysts, shareholders, media, and other
financial constituencies in order to raise the visibility of Agria among
the broader investment community.
Mr. Alan Lai, Chairman and co-CEO of Agria Corporation, commented, "We are
excited to have David on board with Agria. His appointment emphasizes our
commitment to proactively raising awareness and understanding of Agria's
distinctive business model, competitive strengths, geographic leadership
and growth prospects. David's expertise and proven track record of
executing investor relations and financial communications programs will
help drive our efforts on Wall Street as we continue to build shareholder
value by leveraging our proven operational and commercialization ability,
extensive sales and distribution network, and record of innovation."
Mr. Pasquale brings wide-ranging investor relations, communications
strategy, positioning and crisis communications experience working with
U.S.-listed public companies domiciled in China, Singapore, Korea and
Taiwan. He most recently served as Executive Vice President at The Ruth
Group, a leading investor relations and public relations firm based in New
York City, where he was instrumental in driving the firm's growth since
September 1999. He previously worked at Citigate Dewe Rogerson, The Hudson
Stone Group and N.W. Ayer & Partners, all based in New York City. Mr.
Pasquale holds a Bachelor of Science, cum laude, from Providence College.
About Agria Corporation
Agria Corporation (NYSE : GRO ) is an innovative China-based agri-solutions
provider focusing on research and development, production and distribution
of three different types of upstream agricultural products. Its diversified
portfolio of products comprises corn seeds, sheep breeding and seedlings,
including proprietary products developed through its own research and
development capability. The company has access to approximately 27,000
acres of farmland in seven provinces and its extensive distribution network
provides direct or third party distribution in 14 provinces. For more
information about Agria Corporation, please visit www.agriacorp.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are
made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "confident" and
similar statements. Among other things, the business outlook and quotations
from management in this announcement, as well as Agria Corporations
strategic and operational plans, contain forward-looking statements. Agria
may also make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission on Forms 20-F and
6-K, etc., in its annual report to shareholders, in press releases and
other written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not historical
facts, including statements about Agria's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve inherent
risks and uncertainties. A number of important factors could cause actual
results to differ materially from those contained in any forward-looking
statement. Potential risks and uncertainties include, but are not limited
to, Agria's limited operating history makes it difficult to evaluate our
future prospects and results of operations; natural or man-made disasters
could damage our seed production, which would cause us to suffer production
losses and a material reduction of our revenues; outbreaks of disease in
livestock and/or food scares in China would materially and adversely affect
our sheep breeding business; we primarily rely on arrangements with village
collectives to produce our corn seed products, and if we are unable to
continue these arrangements or enter into new arrangements with other
village collectives to increase our production, our total land acreage
devoted to corn seed production may decrease and our growth may be
inhibited; our growth prospects may be materially and adversely affected if
we are unable to continue to develop or acquire products to meet the
demands of Chinese farmers or to produce our existing products in
sufficient quantities; and one or more of our distributors may engage in
activities that are harmful to our brand and to our business, and other
risks outlined in Agria's filings with the U.S. Securities and Exchange
Commission, including its Form F-1/A filed on November 2, 2007. All
information provided in this press release is as of February 4, 2008, and
Agria does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.