China Green Agriculture, Inc. (NYSE:CGA)

China Green Agriculture, Inc. Reports Fiscal Year 2011 Financial Results, and Provides Guidance on Fiscal Year 2012 Revenue and Net Income

China Green Agriculture, Inc. (NYSE:CGA - News), a producer and distributor of humic acid ("HA") based compound fertilizers, blended fertilizers, organic compound fertilizers, slow-release fertilizers, highly-concentrated water-soluble fertilizers and mixed organic-inorganic compound fertilizers through its wholly owned subsidiaries in China, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong") and Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"), today announced its financial results for the fiscal year ended June 30, 2011.

• FY 2011 sales increased 245.0% to $179.7 million beating guidance, net income increased 54.6% to $32.9 million with EPS of $1.27
• Company Provides Fiscal Year 2012 Guidance: Revenue, Net Income and EPS of at least $209.6 million, $37.1 million, and $1.38, respectively
• Management to Host Earnings Conference Call at 8:00 am ET, September 9, 2011
• Financial Summary

About China Green Agriculture, Inc.

The Company mainly produces and distributes humic acid-based compound fertilizers and other varieties of compound fertilizers through its wholly-owned subsidiaries, Jinong and Gufeng. Jinong produces and sells 143 different kinds of fertilizer products, all of which are certified by the PRC government as Green Food Production Materials, as stated by the China Green Food Development Center. Jinong currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products in 22 provinces, four autonomous regions and three central-government-controlled municipalities in the PRC.

Last Trade: 4.4252 Week: 10.49 – 3.43Market Cap: 114.63 Million

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Versatile Reports Fourth Quarter and Fiscal 2011 Results

Versatile Systems Inc. (TSX VENTURE: VV)(AIM: VVS), announces its results for the

fourth quarter and the 2011 fiscal year.

Revenue for the year ended June 30, 2011 was $45,903,472 generating a gross profit of $10,129,378 or 22.1% of sales compared to $44,188,021 generating a gross profit of $10,036,501 or 22.7% of sales for the previous fiscal year. The Net Loss for the period amounted to $98,762 ($0.00 per share) compared to a Net Loss of $1,236,621 ($0.01 per share) for the previous fiscal year, an improvement of $1,137,859.

Revenue for the three months ended June 30, 2011 was $10,180,289 generating a gross profit of $2,381,728 or 23.4% of sales compared to $11,517,023 generating a gross profit of $2,419,338 or 21.0% of sales for the same quarter last year. The Net Loss for the quarter amounted to $221,251 ($0.00 per share) compared to a Net Loss of $292,335 ($0.01 per share) for the same period last year.

Highlights for the quarter included:

--Revenue for the three months ended June 30, 2011 was $10,180,289

compared to $11,517,023 for the same quarter last year;

--The normalized EBITDA for the quarter was $45,167, compared to a

normalized EBITDA loss of $398,232 for the same quarter last year.

Normalized EBITDA excludes the non- recurring expenses and the non-cash

stock based compensation charge;

--The research and development expense for the quarter amounted to

$210,996 compared to $177,744 for the same quarter last year;

--Deferred revenue at June 30, 2011 was $6,320,199 (of which $5,670,932 is

expected to be recognized in the next four quarters) compared to

$8,142,479 at June 30, 2010; and

--The Investment in Equus consists of 962,962 shares of Equus Total

Return, Inc. which is a public company trading on the NYSE under the

symbol EQS. The net asset value of Equus at June 30, 2011 was $3.92 per

share.

About Versatile

Versatile provides business solutions that enable companies to improve sales, marketing and distribution of their products. Versatile also provides information technology services for the implementation, maintenance and security of mission-critical computer environments. Versatile has the ability to architect solutions involving both proprietary and third party components. For more information: www.versatile.com.

Last: 0.06Range: 0.15-0.06Market Cap: 9.4 million