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S&W Seed Expands Global Sales Distribution Network
Today : Wednesday 6 April 2011
S&W Seed Company (NASDAQ: SANW) today announced the expansion of its global distribution network with the addition of an international distributor of forage crops currently serving international agricultural markets. The new international dealer relationship was marked by the issuance of an initial $260,000 purchase order for the Company's proprietary alfalfa varieties. The seed is expected to be shipped within the next 30 days, and is anticipated to represent the first of several orders from this new distributor over the coming months.
"Late last year, S&W undertook a strategic imperative to expand our international distribution channels and, by extension, the number of farmers worldwide who benefit from the planting of our leading alfalfa varieties," noted Mark Grewal, S&W's President and CEO. "We continue to look for new international distributors to complement and not displace our existing international distribution channels, which should result in us achieving significant and more diversified market penetration worldwide."
About S&W Seed Company
Founded in 1980 and headquartered in the Central Valley of California, S&W Seed Company is a leading producer of warm climate, high yield alfalfa seed varieties, including varieties that can thrive in poor, saline soils, as verified over decades of university-sponsored trials. S&W also offers seed cleaning and processing at its 40-acre facility in Five Points, California. In fiscal 2010, the Company launched a business expansion initiative centered on its plan to mass produce stevia leaf in the U.S. in response to growing global demand for the all-natural, zero calorie sweetener from the food and beverage industry. For more information, please visit www.swseedco.com.
Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors and other risks identified in the Company's 10-K for the fiscal year ended June 30, 2010, and other filings made by the Company with the Securities and Exchange Commission.
