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Yasheng ECO-Trade Corporation Acquires 49% of Yasheng Logistic Service Company, Inc. To Focus on Developing a Major US Logistics Center Which Will Be Used to Import Goods From China

Dépèche transmise le 27 août 2009 par Business Wire

Yasheng ECO-Trade Corporation Acquires 49% of Yasheng Logistic Service Company, Inc. To Focus on Developing a Major US Logistics Center Which Will Be Used to Import Goods From China

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Yasheng ECO-Trade Corporation ("the Company") (OTCBB: YASH), specializing in identifying and acquiring undervalued assets within emerging industries, announced today that the Company has acquired 49% of the issued and outstanding shares of Yasheng (The United States) Logistic Service Company Incorporated, a California corporation (“Yasheng Logistic Service”) which owns an important Certificate of Approval for Chinese Enterprises which enables a business to invest in foreign countries. This certificate can only be granted by the Ministry of Commerce of the People’s Republic of China. The acquisition and the Certificate of Approval will enable Yasheng ECO-Trade Corp., in conjunction with YaSheng Group, to further expand its development of a major US-based logistics center.

The proposed logistics center will used to import from China unfinished and finished goods and complete production in the United States. The goal will be to create the highest quality goods along with an efficient time/cost to market in order to provide the greatest value to customers.

YaSheng Group, a diversified agriculture conglomerate incorporated in California, operates few major product segments including field crops, vegetables, fruit, specialty crops, seeds, and poultry in China. Yasheng Logistic Service is a subsidiary of YaSheng Group.

The proposed logistics center will not only allow Yasheng ECO-Trade Corporation to provide even greater value to its shareholders, but we hope that it may also help stimulate the economy by providing jobs to workers on the West Coast.

About Yasheng ECO-Trade Corporation

Headquartered in Beverly Hills, California, Yasheng ECO-Trade Corporation’s business is the identification and acquisition of undervalued assets within emerging industries for the purpose of consolidation and development of these businesses and sale if favorable market conditions exist. The Company is currently in the focused on the development of a logistics center in Southern California.

More information about the Company may be found at: http://www.yashengecotrade.com

Forward-Looking Statements

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of Yasheng ECO-Trade Corporation can be found in the filings of Yasheng ECO-Trade Corporation with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."