NEW YORK, April 7 /PRNewswire-FirstCall/ -- American Jianye Greentech Holdings, Ltd, (BULLETIN BOARD: AJGH) (the "Company"), a developer, marketer and manufacturer of alcohol-based automobile fuel products in the People's Republic of China, manufactured by their affiliate, Zhao Dong Jianye Fuel Co., Ltd. ("Zhao Dong"), announced today that the Company's wholly owned subsidiary, Heilongjiang New Clean Fuel Co. will begin operating retail gas station outlets in Guangxi, China in 2010. These gas stations will sell both conventional and American Jianye Greentech Holdings alcohol based fuels.
Mr. Haipeng Wang, President of American Jianye Greentech Holdings, commented, "These retail outlets will create new users of our alternative fuels in the Guangxi Zhuang region of Southern China, and help us develop a better understanding of our alcohol-based clean fuels among consumers. It's an opportunity for us to leverage our existing fuel distribution assets, with a vertically integrated retail gas station business. Wang continued, "Our goal is to expand all of our fuel distribution networks in advance of our new refinery coming on line later this year. We see these retail gas stations as natural avenue to pursue that objective and believe these operations will benefit our overall distribution profit margins."
About American Jianye Greentech Holdings, Ltd: American 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 http://www.americanjianyegroup.com/.
Forward looking statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by American Jianye Greentech Holdings, Ltd are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company with the United States Securities and Exchange Commission and other regulatory authorities.
For more information please contact: Hanover Financial Services Ronald Blekicki 303-494-3617 info@hanoverfinancialservices.com
American Jianye Greentech Holdings, Ltd
CONTACT: Ronald Blekicki of Hanover Financial Services, +1-303-494-3617,
info@hanoverfinancialservices.com, for American Jianye Greentech Holdings,
Ltd
Web Site: http://www.americanjianyegroup.com/
