American Dairy Announces Transfer of Listing to the NYSE
June 04 2009 - 9:00AM
PR Newswire (US)
BEIJING and LOS ANGELES, June 4 /PRNewswire-FirstCall/ -- American
Dairy, Inc. (NYSE Arca: ADY) ("American Dairy" or the "Company"),
one of the leading producers and distributors of premium infant
formula, milk powder and soybean, rice and walnut products in
China, today announced that it is in the process of transferring
the listing of its common stock from the NYSE Arca, Inc. to the New
York Stock Exchange ("NYSE"). The Company has received a letter
from the NYSE authorizing the listing of its common stock, and
anticipates that the trading of its stock on the NYSE will begin on
or about June 8, 2009, under its current symbol, "ADY." Mr. Leng
You-Bin, the Company's Chief Executive Officer, stated, "We are
extremely pleased about our pending transfer to the NYSE. Trading
on the NYSE has always been one of our long term goals and we
believe this move is in the best interest of our Company and our
shareholders." About American Dairy, Inc. American Dairy, Inc.
(NYSE Arca: ADY) is one of the leading producers and distributors
of premium infant formula, milk powder, and soybean, rice walnut
products in the People's Republic of China. American Dairy conducts
operations in China through its wholly owned subsidiary, Feihe
Dairy. Founded in 1962, Feihe Dairy is headquartered in Beijing,
China, and has processing and distribution facilities in Kedong,
Qiqihaer, Baiquan, Gannan, Shanxi, and Langfang. Using proprietary
processing techniques, American Dairy makes products that are
specially formulated for particular ages, dietary needs and health
concerns. American Dairy has over 200 company-owned milk collection
stations, six production facilities with an aggregate milk powder
production capacity of approximately 1,220 tons per day and an
extensive distribution network that reaches over 50,000 retail
outlets throughout China. For more information about American
Dairy, please visit http://www.americandairyinc.com/. Cautionary
Note Regarding Forward-Looking Statements This document contains
forward-looking information about the Company's operating results
and business prospects that involve substantial risks and
uncertainties. Statements that are not purely historical are
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended. These statements include, but
are not limited to, statements about the Company's plans,
objectives, expectations, strategies, intentions or other
characterizations of future events or circumstances and are
generally identified by the words "may," "expects," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates," "could,"
"would," and similar expressions. Because these forward-looking
statements are subject to a number of risks and uncertainties, the
Company's actual results could differ materially from those
expressed or implied by these forward-looking statements. Factors
that could cause or contribute to such differences include, but are
not limited to, those discussed under the heading "Risk Factors" in
the Company's annual report on Form 10-K for the fiscal year ended
December 31, 2008, quarterly report on Form 10-Q for its first
quarter in 2009, and in current reports on Form 8-K filed with the
United States Securities and Exchange Commission and available at
http://www.sec.gov/. The Company assumes no obligation to update
any such forward-looking statements. CONTACT Integrated Corporate
Relations, Inc. In the United States: Ashley Ammon: 203-682-8200 In
China: Wei-Jung Yang: 86-10-6599-7968 DATASOURCE: American Dairy,
Inc. CONTACT: Ashley Ammon, +1-203-682-8200, or, China, Wei-Jung
Yang, +86-10-6599-7968, both of Integrated Corporate Relations,
Inc., for American Dairy, Inc. Web Site:
http://www.americandairyinc.com/
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