JUNAN COUNTY, China, March 10 /PRNewswire-Asia/ -- American Lorain Corporation (NYSE Amex: ALN) ("American Lorain" or the "Company"), an international, processed-foods company based in Shandong Province, People's Republic of China ("PRC"), today announced that it has engaged RedChip Companies, Inc. to lead its investor relations programs.
"RedChip is clearly one of the top investor relations firms working in the China small-cap sector," said Mr. Si Chen, Chairman and Chief Executive Officer of American Lorain. "We look forward to our relationship with RedChip. They are the firm of choice in helping us build our institutional and retail investor base," Mr. Chen added.
Dave Gentry, president and CEO of RedChip Companies welcomed American Lorain's decision to engage RedChip.
"We are very pleased for the opportunity to represent American Lorain," said Dave Gentry. They are at an exciting juncture in their business. They are implementing a number of growth and expansion strategies and deserve a higher valuation in the marketplace."
About American Lorain Corporation
American Lorain Corporation is a Nevada corporation that develops, manufactures and sells various food products. The Company's products include chestnut products, convenience food products and frozen food products. The Company currently sells over 234 products to 26 provinces and administrative regions in China as well as to 42 foreign countries. The Company operates through its four direct and indirect subsidiaries and one leased factory located in China. For further information about American Lorain Corporation, please visit the Company's website at http://www.americanlorain.com .
Forward-looking statements:
Statements contained herein that relate to the Company's future performance, including statements with respect to forecasted revenues, margins, cash generation and capital expenditures are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance or achievements to differ materially from those anticipated. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions, particularly the current downturn in the worldwide economy; our ability to obtain adequate supplies of raw materials; our ability to manage our expansion strategy; changes in foreign currency exchange rates; government regulation; difficulties in new product development; changing consumer tastes in disparate markets worldwide and our ability to address those changes; our ability to attract and retain highly qualified personnel; and other factors affecting our operations that are set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact:
At the Company:
American Lorain Corp.
Mr. Alan Jin, CFO
Phone: +86-21-6145-3891
Email: alanjin@americanlorain.com
Web: http://www.americanlorain.com
Investor Relations:
RedChip Companies, Inc.
Alex Nachman
Phone: +1-800-733-2447 x118
+1-407-644-4256 x118
Email: info@redchip.com
Web: http://www.RedChip.com
