BEIJING, July 11 /Xinhua-PRNewswire/ -- Yongye Biotechnology International, Inc. ("Yongye" or the "Company") (OTC Bulletin Board: YGYB), a leading distributor of plant and animal nutrients headquartered in Beijing, PRC, announced today it has engaged MSPC Certified Public Accountants and Advisors, P.C. as the Company’s independent auditor.
The Company has engaged MSPC Certified Public Accountants and Advisors, P.C. ("MSPC") to serve as the Company’s independent auditor effective immediately. MSPC was founded in 1944 and provides traditional accounting services to a wide range of companies, from emerging entrepreneurial ventures to large, publicly held entities. MSPC is an active member in Moore Stephens North America and Moore Stephens International Limited, a network of leading, independently owned and operated accounting and consulting firms. MSPC enjoys wide representation in all metropolitan areas in the United States as well as worldwide. MSPC is regarded as one of the world’s top twenty accounting and consulting networks with more than 316 independently owned and operated member firms. There are 539 offices in 93 countries throughout the world including Hong Kong and China. It has 15,404 principals and staff.
About Yongye Biotechnology, Inc.
Yongye Biotechnology International, Inc., headquartered in Beijing, is engaged in the domestic distribution and sales of fulvic acid based nutritional compounds for plants and animals. The Company’s patent pending process and proprietary formulas allow it to create products which increase the yields in crop production and improve livestock health. The Company sells its products to distributors and farmers located in ten provinces across China including: Xinjiang, Hebei, Inner Mongolia, Gansu, Hubei, Shandong, Anhui, Jiangsu, Yunan, and Guangdong.
FORWARD-LOOKING STATEMENTS
Certain statements set forth in this press release constitute "Forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. All such forward-looking statements involve risks and uncertainties, including, but not limited to: statements regarding the Company’s products; marketing and sales; patents and regulatory approvals; the effect of competition and proprietary rights of third parties; the need for and availability of additional financing and access to capital; the seeking of joint development, licensing or distribution and collaboration and marketing arrangements with other companies. There can be no assurance that such forward-looking statements will prove to be accurate and Yongye undertakes no obligation to update any forward-looking statements or to announce revisions to any of the forward-looking statements.
