American Jianye Greentech Signs 45,000 Tons Per Year Contract With Guangdong Mao Enterprise Petroleum Co., Ltd. Guangxi Branch, Netting a Profit in Excess of $3 Million a Year
NEW YORK and HARBIN, China, Nov. 17, 2011 /PRNewswire/ — American Jianye Greentech Holdings, Ltd. (OTCQB: AJGH), a leading developer, manufacturer and distributor of alcohol-based automobile fuel and civil-use fuel in China, including the production of methanol, ethanol, and blended fuels, today announced it has signed a 45,000 tons per year contract for 3 years with Guangdong Mao Enterprise Petroleum Co., Ltd. Guangxi Branch.
Mr. Haipeng Wang, Chairman and Chief Executive Officer, commented, “We are pleased to announce that this signed contract will bring in valued in excess of $3 million net profit each year for the firm. Under the agreement, American Jianye and Guangdong Mao Enterprise Petro Co., Ltd. Guangxi Branch will jointly cooperate to leverage and cross-promote and market their respective competitive advantage in alcohol-based fuel and portable fuel stations, respectively. Specifically, Guangdong Mao Enterprise Petroleum Co., Ltd. Guangxi Branch will market American Jianye’s unique alcohol-based fuels to its existing fuel stations customers in Guangxi.
Mr. Haipeng Wang, Chairman and Chief Executive Officer, commented, “We are pleased to reach an agreement with Guangdong Mao Enterprise Petro Co., Ltd. on a collaboration agreement that can enhance the sales of both companies. We look forward to assisting Guangdong Mao Enterprise Petroleum Co., Ltd. as it has extensive distribution channels in Guangxi and facilities with the utility and cost advantage of our alcohol-based automobile fuels that lower cost and are safer for the environment while working well in conventional combustion engines.”
American Jianye notes that oil consumption in China is increasing rapidly with favorable implications for demand for American Jianye clean fuel products that meet the need for clean and cost-effective alcohol-based automotive fuels. It is anticipated that American Jianye will expanded its distribution network extensively throughout much of China over the next several years through its existing expansion strategy, and the joint marketing with Guangdong Mao Enterprise Petroleum Co., Ltd. will help accelerate these expansion efforts particularly for retail automotive gas station operators.
About American Jianye Greentech Holdings: American Jianye Greentech Holdings, headquartered in Harbin, China, is a leading developer, manufacturer and distributor of alcohol-based fuel. The company’s alcohol-based fuels burn with higher efficiency and significantly lower toxic waste emissions than unleaded gasoline. The unique combination of catalysts in the fuel enhance fuel octane rating and engine power, inhibit the premature oxidation of the fuel, help remove sediment in the carburetor, and prevent the erosion of the engine cylinder surface.
Additional information about the company is available at: www.americanjianyegroup.com.
Forward Looking Statements
This release contains certain “forward-looking statements” relating to the business of the Company. These forward looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
Equiti-trend Advisors LLC
SOURCE American Jianye Greentech Holdings, Ltd.