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![]() Zhongpin, Inc. (NASDAQ:HOGS) is a meat and food processing company that specializes in pork and pork products, and fruits and vegetables in the People's Republic of China (PRC). The company is a leading enterprise in developing a nationally recognized high quality brand for meats and food products through a brand image that appeals to the new Chinese middle class lifestyle. Zhongpin estimates 2008 revenues of $550 million and net income of $35 million, up from $291 million in revenues and $18.5 million of net income in 2007. Zhongpin has a complete state-of-the-art vertically-integrated fresh meat and meat products supply chain from farming, slaughtering, cutting, processing and wholesaling to retailing. The Company’s advanced logistic system includes integration and coordination of the transportation, warehouse management and inventory control systems as well as the integration of its marketing and manufacturing. Its customers include Wal-Mart, Metro, KFC, Carrefour, and McDonalds. Zhongpin’s also exports its products to the European Union, Eastern Europe, Russia, Hong Kong, Japan, and South Korea. TerraNova Relationship In 2005, Zhongpin was a privately-held company in need of capital to implement an aggressive growth strategy to facilitate distribution of its products in over 2,500 grocery stores throughout China. The company retained TerraNova in mid-2005 to implement a financial strategy to access the US public capital markets. Beginning in 2005, TerraNova, through its broker-dealer subsidiary European American Equities, Inc., provided comprehensive investment banking services to the company, which resulted in a reverse merger with a U.S. listed company and a $27.6 million private placement with U.S. institutional investors in February 2006. TerraNova, through its broker-dealer subsidiary European American Equities, Inc., also acted as co-agent for the company on a $50.0 million private placement in October 2007. For additional information, go to http://www.zpfood.com |

