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Press Release
NEW YORK, April 26 /PRNewswire-FirstCall/ — American Jianye Greentech Holdings Ltd. (OTC:AJGH) (BULLETIN BOARD: AJGH) (the “Company”), which is engaged in the business of developing, manufacturing and distributing alcohol-based automobile fuel products in the Peoples Republic of China, manufactured by their affiliate Zhao Dong Jianye Fuel Co., Ltd. (“Zhao Dong”), announced today that it is providing preliminary revenue guidance for the First Quarter of the 2010 fiscal year.
Mr. Hapeing Wang, President of American Jianye, commented, “Strong demand for our alcohol-based fuel products should produce positive revenue and earnings growth going forward as we continue to add new distributors into our clean fuels distribution network.”
“Looking ahead, the company now expects revenues for the first quarter of 2010 to be approximately $15.0 million with net profit of approximately $1.5 million.” Wang continued, “These estimates are, of course, based on the availability of product and our ability to develop new sales and distribution channels. But we remain confident that we can achieve these revenue milestones in the coming months.”
About American Jianye Holdings: Jianye Greentech Holdings Ltd. is an alternative fuel company that develops, manufactures, and distributes alcohol-based automobile fuel products in the People’s Republic of China. The Company’s products are designed to function as a lower-cost, more environmentally friendly alternative to conventional gasoline-based auto fuel. For more information about AJGH, please visit www.americanjianyegroup.com.
Safe Harbor Statement: Certain statements in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company’s ability to attract and retain key personnel.
For more information please contact: Hanover Financial Services Ronald Blekicki 1-303-494-3617 [email protected]
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