DALIAN, China, May 3 /PRNewswire-Asia-FirstCall/ -- China YiBai
United Guarantee International Holding Inc. (Pink Sheets: CBGH), a
company providing innovative financial services for small and
medium enterprises in China,
announced today that it has entered into a Listing Advisory
Agreement with Dalian JiaYang Wood Products Co., Ltd (Dalian
JiaYang) to take the company public in the U.S. capital
markets.
Dalian JiaYang, established in 1995, is a leading flooring and
furniture company in the Northeast region of China. Based on its strong success and a need
for growth capital, Dalian JiaYang has engaged China YiBai for
financial guidance and advisory services. Based on an analysis of
Dalian JiaYang's financial data and strategic plans, China YiBai
has recommended that the company list as a publicly traded company
in the U.S.
Dalian JiaYang has signed a Listing Advisory Agreement with
China YiBai and the two companies have begun preparations for a
U.S. listing.
China YiBai CEO Alex Li said, "As
a comprehensive financial provider to small and medium enterprises
in China, we provide the best and
most effective financing channels for raising capital for our
clients based on the size of the company and the requirements for
the U.S. capital markets."
"We have seen a significant increase in business from Chinese
companies seeking access to the capital markets in this third
fiscal quarter of 2010 (April 1st - June
30th), due to the abundant enterprise resources and
favorable financial climate. We expect China YiBai to continue
growing and developing together with our clients, and as a result
we anticipate increases in our revenue and income," Li
concluded.
About China YiBai United Guarantee International Holding
Inc.
China YiBai United Guarantee International Holding Inc. and its
wholly owned subsidiaries provide innovative financial services for
small and medium enterprises (SMEs) including equity financing,
asset management and multi-level domestic and overseas capital
market listings. China YiBai is a sponsor and market maker on
China's over-the-counter market,
the Tianjin Equity Exchange, which specializes in financing and
investment services for high-tech enterprises. More information may
be found at http://www.yibaichina.com .
An online investor kit including a company profile, press
releases, current price quotes, stock charts and other valuable
information for investors is available at
http://www.hawkassociates.com/profile/cbgh.cfm . To subscribe to
future releases via e-mail alert, visit
http://www.hawkassociates.com/about/alert/ .
Forward-Looking Statements
This news release contains forward-looking statements as defined
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing and government
regulation. All such forward-looking statements, whether written or
oral, and whether made by or on behalf of the company, are
expressly qualified by the cautionary statements and any other
cautionary statements which may accompany the forward-looking
statements. In addition, the company disclaims any obligation to
update any forward-looking statements to reflect events or
circumstances after the date hereof.
SOURCE China YiBai United Guarantee International Holding
Inc.