YiBai to Finance Schneider Electric (China) Sales
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 .
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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.
