SOURCE: Tianli Agritech, Inc.

Tianli Agritech, Inc.

December 01, 2010 08:00 ET

Tianli Agritech Provides Operational Update and Discusses Pricing Status

WUHAN CITY, CHINA--(Marketwire - December 1, 2010) - Tianli Agritech, Inc. (NASDAQ: OINK) ("Tianli" or "the Company"), a leading producer of breeder hogs and meat hogs based in Wuhan City, China, today provided an update on its operations and provided insight regarding policies recently announced by China's State Council to stabilize pork prices. 

"We would like to provide our shareholders with our understanding of the potential effect on Tianli Agritech as a result of the China State Council's recently announced policies intended to stabilize consumer pork prices and facilitate adequate supplies of pork products to consumers," stated Tianli's Chairwoman and CEO, Ms. Hanying Li. "The policies include various provisions intended to reduce the costs of bringing agricultural products to market and to assist consumers to pay for these staples. After reviewing these policies and based on our current understanding, we do not see that these policies will have a direct impact on how Tianli conducts business and how the prices for our breeder hogs and our market hogs are established." Ms. Li continued by saying, "Our revenue projection for the fourth quarter assumed price levels consistent with those we had experienced in the third quarter. The prices that we have realized during the first two months of the current quarter are slightly better than the third quarter levels and we expect that will be the case for the full fourth quarter. The number of breeder and market hogs sold during the current period is meeting our expectations."

About Tianli Agritech, Inc.

Tianli Agritech, Inc. is in the business of breeding, raising and selling hogs in the People's Republic of China. The company is focused on growing healthy, hearty hogs for sale for breeding and meat purposes. It currently has an annual production capability of approximately 110,000 hogs and is working to increase capacity to 130,000 hogs. The company conducts genetic, breeding and nutrition research to steadily improve its production capabilities.

Forward-Looking Statements

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.