DALIAN, China, May 3 /PRNewswire-Asia/ -- 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 .
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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.
