SOURCE: China Modern Agricultural Information, Inc.
HARBIN, CHINA--(Marketwire - Sep 4, 2012) - China Modern Agricultural Information, Inc. (OTCBB: CMCI) ("China Modern" or the "Company"), a high-tech livestock company specializing in the breeding of cows and calves, the production and sale of milk and the sale of organic fertilizer, has raised the price of raw milk sold by its subsidiary to $0.55 per kilogram, a 4.5% increase from the previous price of $0.525 per kilogram.
Youliang Wang, CEO of China Modern, stated, "Our decision to raise prices was based on the strong demand for raw milk in China. We expect the new price increase to positively impact net income by 2.5%, or approximately $470,000, for fiscal 2013."
About China Modern Agricultural Information, Inc.
China Modern Agricultural Information, Inc. is a high-tech livestock company specializing in the breeding of cows and calves, the production and sale of milk, the sale of organic fertilizer, as well as the promotion of agricultural information. For more information please visit http://www.hljzhongxian.com/zx/eng_zx.
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this release concerning our future growth prospects are forward-looking statements, within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the success of our investments, risks and uncertainties regarding fluctuations in earnings, our ability to sustain our previous levels of profitability including on account of our ability to manage growth, intense competition, wage increases in China, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, our ability to successfully complete and integrate potential acquisitions, withdrawal of governmental fiscal incentives, political instability and regional conflicts and legal restrictions on raising capital or acquiring companies outside China. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our 8K/A dated March 31, 2011, and other recent filings. These filings are available at http://www.sec.gov/.