LOS ANGELES & WEIFANG, China, May 16 /Xinhua-PRNewswire-FirstCall/ -- Yuhe International Inc. (OTC Bulletin Board: YUII) ("Yuhe" or "the Company"), a leading supplier of day-old chickens raised for meat production, or broilers, in the People's Republic of China ("PRC"), today announced that it has retained CCG Elite Investor Relations ("CCG Elite") to design and execute its investor relations campaign.
Founded in 1996, Yuhe is the second largest day-old broiler breeder in China. The Company's main operations involve breeding, as all broilers are sold within a day of hatching. With headquarters in Weifang, Shandong province, the Company has modern facilities and is led by an experienced team which includes experts in chicken breeding, disease prevention and animal husbandry science. Yuhe has two operational subsidiaries, Weifang Yuhe Poultry Co. Ltd. and Weifang Taihong Feed Co. Ltd., which largely supplies the Company's internal demand for chicken feed. Currently, over 85% of the Company's sales are in Shandong province with a customer base of 27 local agents. As of 2007, the Company had a capacity of roughly 708,000 sets of Hubbard and Arbor Acres parent breeders between ten chicken farms and two hatcheries spread over 2,000 mu of land (329 acres). The Company has imported state-of-the-art equipment from the United States, Germany and Japan and has passed ISO9001 certification, allowing it to adhere to international standards of operation.
"We look forward to working with CCG Elite to improve our communication with the investment community and the financial media as we pursue our goal of becoming the largest chicken supplier in China's booming poultry industry," said Mr. Zhentao Gao, CEO of Yuhe.
According to the USDA, China is currently the world's second largest consumer of poultry after the United States. In fact, China's total production of broiler meat is expected to increase 1.1 million tons from 2007 to 12.5 million tons in 2008. Consumption is expected to outpace production, reaching 12.7 billion tons in 2008, as consumers substitute chicken for increasingly expensive pork products. At these levels, however, Chinese chicken consumption per capita is still only a third of developed countries. As a result, chicken consumption in China is expected to steadily increase in the near future.
Over the past several years, lax safety standards and outbreaks of avian flu have spurred government initiatives to tighten controls over the poultry industry, including tax incentives which encourage consolidation and the implementation universal safety standards including a flu vaccination program. With Yuhe's operating scale and technology already compliant with government goals and a growing aggregate demand for meat, Yuhe is poised for sustained growth well into the future.
"We are excited to be working with such a promising client in the growing poultry industry in China," said Crocker Coulson, President of CCG Elite. "Yuhe clearly distinguishes itself from industry peers with its consistent operating history, advanced technology, and management expertise. Being one of the very few industry participants with ISO 9001 certification, Yuhe presents an attractive investment opportunity with the potential to build shareholder value over the long term."
About Yuhe International, Inc.
Founded in 1996, Yuhe is the second largest day-old broiler breeder in China. The Company's main operations involve breeding, as all broilers are sold within a day of hatching. With headquarters in Weifang, Shandong province, the Company has modern facilities and is led by an experienced team which includes experts in chicken breeding, disease prevention and animal husbandry science. Yuhe has two operational subsidiaries, Weifang Yuhe Poultry Co. Ltd. and Weifang Taihong Feed Co. Ltd. which largely supplies the Company's internal demand for chicken feed. Currently, over 85% of the Company's sales are in Shandong province with a customer base of 27 local agents. The Company has imported state-of-the-art equipment from the United States, Germany and Japan and has passed ISO9001 certification, allowing it to adhere to international standards of operation. For more information on the Company and its products, please visit http://www.yuhepoultry.com.
About CCG Elite
CCG Elite is uniquely positioned to provide an outsourced, high-level investor relations solution that combines in-depth understanding of Asia's corporate culture and economic scene with a direct pipeline into the leading funds and broker-dealers in the United States. CCG Elite is a global,
full-service investor relations agency with corporate headquarters in Los Angeles, and offices in New York, Newport Beach, Dallas, Hong Kong, Beijing, Shanghai and Shenzhen. For further information, contact CCG Elite or visit the Company's website at http://www.ccgelite.com .
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains certain statements that may include
'forward-looking statements' within the meaning of federal securities laws. All statements, other than statements of historical facts, included herein are 'forward-looking statements'. 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 the Company's ability to successfully expand its market presence and those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. 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.
For more information, please contact:
Yuhe International, Inc.
Mr. Zhentao Gao, CEO
Tel: +86-536-7363-688
Email: yuhe7363688@163.com
Web: http://www.yuhegroup.com
CCG Elite Investor Relations Inc.
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgelite.com
