Enlightify Inc (CGA)

Description:

China Green Agriculture, Inc. was incorporated under the laws of the state of Kansas on February 6, 1987 under the name Videophone, Inc. In October 2007, the Company was reincorporated in the state of Nevada, and, on December 26, 2007, acquired all of the issued and outstanding capital stock of Green New Jersey which owns 100% of the capital stock of Techteam through a share exchange. As a result of the Share Exchange, the Company owns 100% of Green New Jersey, which is a holding company for Techteam. After the acquisition of Green New Jersey, the Company changed its name to China Green Agriculture, Inc., effective February 5, 2008. In July 2009, the Company completed a public offering of its common stock. It, through its direct and indirect wholly owned subsidiaries, Techteam and Jintai, have two business segments: research, development, production and distribution of humic acid based compound fertilizer; and development, production and distribution of agricultural products, namely, top-grade fruits, vegetables, flowers and colored seedlings. Humic acid is an essential natural, organic ingredient for a balanced, fertile soil, and it is one of the major constituents of organic matter. All of its fertilizer products are certified as green food production material by China Green Food Development Center, an agency that reports to the Ministry of Agriculture in China. It conducts its research and development activities through Techteam's wholly-owned subsidiary, Jintai, which tests new fertilizers and grows high quality flowers, vegetables and seedlings for commercial sale. Jintai, Techteam's wholly-owned subsidiary, was formed for the research and development of humic acid fertilizers produced by Techteam. During the process of testing Techteam's fertilizers, it produces top-grade fruits, vegetables, flowers and colored seedlings for commercial sale. Jintai produces the following categories of products: Top-grade flowers: including mainly, faber cymbidium and phalaenopsis. These two types of flowers are mainly distributed to the middle and high-end consumers in Shaanxi Province and its adjacent areas. Their seedlings are distributed across the country, mainly the southern regions of China. Green vegetables and fruits: including, mainly, Holland cucumbers, sweet and colored pimientos and eggplant and Japanese watermelons which are distributed to middle and high-end consumers in Shaanxi Province, mainly in Xi'an city. Multicolored seedlings: including, mainly, photinia serrulata, which are distributed to customers across China. In addition to developing new humic acid organic fertilizer products, it is carrying out some projects to develop derivatives from humic acid; examples are humic acid liquid film mulch, humic acid sodium fodder additives, highly concentrated humic acid powder fertilizer, humic acid-based pesticide and humic acid compound fertilizers. Also, some soil-less seeding and breeding of colored-leaf plants, rare-flowers and new species of fruits and vegetables are in the research stages. The Company's products are packaged in bottles, bags and boxes. Each type of packaging material, along with packaging labels, is purchased from 3 to 4 manufacturers. These materials are readily available. The Company's sales staff is trained to closely work with distributors and customers, providing professional advice on customizing its products to the customers' needs and offering extensive customer support. Currently, its competitors are China Agritech, Inc., Qiqihaer Fuer Agriculture Co., Ltd., Heze Exploitation Region Caozhou Chamurgy Co., Ltd. and Guangxi Beihai Penshibao Co., Ltd. and international companies. The Company's products and services are subject to regulation by governmental agencies in the PRC and Shaanxi Province.