DALIAN, China, Aug. 9 /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 signed a strategic agreement with
Schneider Electric (China)
Investment Limited Co. Under the terms of the agreement, China
YiBai will provide a package of financial services for Chinese
companies using Schneider Electric (China)'s services for energy conservation and
emission reduction.
Schneider Electric (China)
designs and manufactures products for electricity and automation
management. The company was founded in 1995 and is based in
Beijing, China. Schneider Electric
(China) is a subsidiary of
Paris-based Schneider Electric
S.A.
China YiBai CEO Alex Li said,
"Schneider Electric (China) has an
energy management solution to substantially decrease energy
consumption and generate electricity in a more efficient way to
reduce energy waste and related operating and capital costs. Under
our agreement with Schneider Electric (China), we will provide financing for Chinese
companies acquiring Schneider Electric (China)'s technology who are seeking to deal
with soaring energy costs and severe pollution problems. This is a
meaningful way for us to leverage Schneider Electric (China)'s professional energy management
program and facilities and to expand our financial participation to
the green financial market. Our alliance with this Fortune 500
company is a symbol of our determination and ambition to become a
leading green financial services provider."
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 press release contains certain statements that may include
"forward-looking statements." All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You 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 Pink Sheets. All forward-looking
statements attributable to the Company or 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.
SOURCE China YiBai United Guarantee International Holding
Inc.
Copyright g. 9 PR Newswire