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.
Investor Contact:
Equiti-trend Advisors LLC
Brian Barnes
Phone: 800-953-3350
Email: admin1@equititrend.com
SOURCE American Jianye Greentech Holdings, Ltd.