NEW YORK and HARBIN, China, May 31,
2012 /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 receive
Qinhuangdao City approval with plan for production and promoting
clean fuel for 3 million tons per year.
Mr. Haipeng Wang, Chairman and
Chief Executive Officer, commented, "We are pleased to announce
that, in response to the approval of Qinhuangdao City, we
submitted a plan to the manufacturing and production of the fuel
through the promotion of our clean fuel products. We are
honored that the government trusts us to spearhead this clean fuel
initiative and explore supplying our high-quality clean fuels to
Qinhuangdao City-based businesses."
Mr. Wang continued, "We intend to work closely with the
Qinhuangdao government. With the support of the
government not only the company will expand clean fuel into the
province of Hobei, but will simultaneously help the city
achieve its greenhouse gas reduction targets while also gaining a
highly stable sales channel for our products."
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.
US contact information:
News Release Department:718-3958710
SOURCE American Jianye Greentech Holdings, Ltd.