Redwood City, CA, October 21, 2011 --(PR.com
)-- The Yasheng Group (OTCQB: YHGG) (PINKSHEETS: YHGG) (XETRA: YSF.DE), a high-growth diversified China-based agricultural company with US headquarters in California made the following announcement.
On behalf of Yasheng Group's Board of Directors, we are pleased to report several additions to our ongoing investor and public relation activities:
First, we recently hired several in-house professionals to assist the company with investor and public communications. To speak with someone in our Investor and Public Relations department, please contact (650) 363-8345, extension 2.
Furthermore, in September we began initial road shows in cities such as San Francisco, Los Angeles, Seattle, Olympia and Coeur d'Alene. Additionally, we have registered as an exhibitor at the following 2012 trade shows:
The World MoneyShow Orlando, February 9-12, 2012
New York Hard Assets Investment Conference, May 14-15, 2012
San Francisco Hard Assets Investment Conference, November 16-17, 2012
Chairman Zhou commented, "Our operations in China continue to be successful. An important part of our long-term growth strategy is expanding operations abroad. For example, we are preparing to enter China's milk powder market by importing high-quality infant formula from the United States, utilizing our long-established distribution network across China to gain a 3% share of the infant milk powder market within the next three years."
The Yasheng Group, founded over 30 years ago, is a U.S. holding company that conducts primarily agricultural operations in the Northwest of China. Today it is one of China's leading producers and marketers with six major product segments including field crops, vegetables, fruit, specialty crops, hops, hemp, seeds, beef and poultry. Yasheng is a supplier of high-quality agricultural products to world-famous conglomerates such as McDonald's, KFC, Tsingtao Beer, and Pepsi. The company is led by a highly qualified management team and it has total assets of approximately $1.7 billion, over 15,000 employees, and a history of strong sales and earnings growth. Please visit us on our website (www.yashenggroup.com) and register to receive future press releases directly.
The Yasheng Group currently generates its revenue in China. We as a company do not export from China to The United States. We have plans through our recent acquisitions to start exporting from the United States and are committed to the long-term relationship between the two countries.
Safe Harbor Statement
Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are discussed in the company's various filings with the Securities and Exchange Commission. The company assumes no obligation to update these forward-looking statements.