Hong Kong's paper packaging manufacturer APT Paper Group reports fiscal Q1 revenues up 36% year-over-year to US$6.27M with organic growth; customers include Wal-Mart, Costco, Sam's Club, Sony, Nokia
December 5, 2011
– Uni Core Holdings Corporation (the "Company" or "UCHC") (OTCBB: UCHC.OB - News), a Hong Kong based holding company, announced today that first quarter ( July 1 to September 30, 2011 ) sales revenue of its wholly owned paper subsidiary APT Paper Group ("APT") were $6.266 million , an increase of 36% as compared with the same quarter last year. Based upon proprietary technology, production, marketing and global supply chains, APT is one of the leaders of the modern green packing and honeycomb paper products industry in China . Some of APT's customers include Wal-Mart, Costco, Sam's Club, Sony, Nokia, DHL, Haier, Hisense, among others.
Thomas Lee , Chief Operating Officer and Chief Financial Officer of UCHC, said, "The financial results of our paper subsidiary, APT, are quite encouraging, especially in the current global economic conditions. APT has been able to garner new customers and expand organically primarily due to its unique and environmentally friendly recycled and recyclable products."
About Uni Core Holdings Corporation (UCHC.OB)
Uni Core through its subsidiaries develops, manufactures and distributes environmental friendly paper and agricultural products based upon its proprietary technology and supply chains. The Company was founded in 1998 and is headquartered in Hong Kong .
APT Paper Group, a wholly owned subsidiary, headquartered in Shenzhen , Guangdong, China , was founded in November 1993 . UCHC acquired 100% of APT in June 2010 . Based upon proprietary technology, production, marketing and global supply chains, APT is one of the leaders of the modern environmentally friendly packing and honeycomb paper products industry in China . APT's products are produced from recycled materials and are recyclable. APT's products include honeycomb paper pallets, honeycomb paper panels, honeycomb paper cartons, honeycomb paper coffins, honeycomb paper cushions, paper slip sheets, paper corner protectors and corrugated paper products. APT holds patents throughout the world on many of its products. Some of APT's customers include Wal-Mart, Costco, Sam's Club, Sony, Nokia, DHL, Haier, Hisense, among others.
Prosperous Agriculture, 21% of which is currently owned by Uni Core , is headquartered in Xi'an , Shaanxi, China . (Pursuant to an Agreement between Shaanxi Prosperous Agriculture Company Limited and UCHC, UCH has agreed to acquire 51% of Shaanxi Prosperous Agriculture Limited in two phases.) Prosperous Agriculture manufactures and distributes three agricultural brands: "XiDuoFeng", a biological fertilizer series that expands the utilization rate of conventional fertilizers, enhances quality of crops, and increases production with a bio-microbial agent produced by a proprietary bio-technology; "Urea-Extra", a long-lasting nitrogenous fertilizer series that increases the utilization rate of traditional nitrogenous fertilizer by more than 50%; and "Sirius" compound fertilizer series. There are more than 200 agricultural resources dealers and more than 20,000 points of sale in China that sell Prosperous Agriculture's products, forming one of the largest distribution platform covering China 's rural markets.