Asia Fiber Holdings Limited Engages Madison & Wall Worldwide for Financial Public Relations; Market Awareness Campaign to Commence Immediately.Business Editors LOS ANGELES--(BUSINESS WIRE)--March 15, 2001 Asia Fiber Holdings Limited (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AFBR AFBR Anaerobic Fluidized-Bed Reactor ), a company that produces and markets products of polyester fiber, today announced it has engaged Madison & Wall Worldwide Inc., a nationally recognized, full-service financial public relations Financial public relations Public relations division of a company charged with cultivating positive investor relations and proper disclosure information. company, to increase mass market awareness of the company among individual investors, institutions, analysts, retail stockbrokers, media sources and other prominent investment professionals. Ching For the Chinese surname Ching 程, see . For the Chinese dynasty, see . The ching (Thai: ฉิ่ง; sometimes romanized as chhing) are small bowl-shaped finger cymbals of thick and heavy bronze, with a broad rim commonly used in Cambodia and Lung Po, chairman of Asia Fiber Holdings, stated, "With the support of Madison & Wall and their internationally recognized financial network, along with our well noted fundamental valuation, we feel this is the perfect time to establish a higher level of market awareness. Management is confident that we are poised to significantly strengthen our market position over the next 12 months." Continuing, Scott A-B A-B Air-Britain (UK-based aviation historical society) A-B Research Centre Applied Biocatalysis (Graz, Austria) Gibson, executive vice president of Madison & Wall, commented: "Our financial relations division is in direct contact with top retail, institutional and financial professionals daily. The clear consensus on the Street for any equity investment is threefold. A company must have strong fundamentals with sustainable growth in proven industries. "Asia Fiber Holdings (AFBR) delivers exactly that by currently trading at a 12 P/E ratio P/E ratio Current stock price divided by trailing annual earnings per share or expected annual earnings per share. Assume XYZ Co. sells for $25.50 per share and has earned $2.55 per share this year; $25.50 = 10 times $2.55. XYZ stock sells for ten times earnings. while showing 30 percent annual growth within the booming textile industry. This positions Asia Fiber as one of the true undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. gems in the market today. We are delighted to represent this fundamentally strong growth company during tough market conditions." About Asia Fiber Holdings Limited Asia Fiber Holdings Limited is the controlling shareholder of Harbin Asibao Chemical Fiber Co. Ltd. ("Asibao"), a major manufacturer and distributor of polyester fiber for use in apparel and industrial textiles, based in the People's Republic of China ("PRC"). Asibao is a registered Sino-foreign joint venture, with the company owning 70 percent and the balance of Asibao's shares held by Heilongjiang Longdi Group Co. Ltd. ("HLG HLG High Level Group (NATO) HLG Hannibal-Lagrange College (Missouri) HLG Hand Launched Glider HLG Half-Life Guard (anti-cheat for half-life based games) HLG Hawk Logistics Group "), a China state-owned enterprise. Asibao's core business is to produce and sell products of polyester fiber. The main products of Asibao are polyester filament filament, in astronomy: see chromosphere. and polyester staple fiber, with annual production of approximately 10,000 tons and 44,000 tons, respectively. It produces more than 70 different types of fiber and filament products to satisfy customers' different specifications and technical requirements. Asibao products are sold to more than 300 manufacturers in more than 21 provinces and autonomous regions in the PRC. It is one of the top 500 largest foreign-invested enterprises in the PRC, and, together with its 30 percent shareholder, HLG, is the second largest consortium in the chemical fiber industry in China. About Madison & Wall Worldwide Inc. Madison & Wall (M&W) is a leading, nationally recognized, financial public relations firm that specializes in increasing mass market awareness of its clients among individual investors, retail stockbrokers, institutional investors, analysts, the financial media and other investment professionals. Through its publication, Inside Wall Street, and its Web site, www.insidewallstreet.com, M&W concentrates on proactively spotlighting undervalued, undiscovered or turnaround situations operating in emerging, high-growth industries. Since its founding in 1992, M&W has represented hundreds of public companies with headquarters on six continents. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This news release may contain forward-looking statements relating to future performance, technology and product development that may impact future results and the future viability of the company. Actual results could be affected or differ materially from those projected in the forward-looking statements as a result of various risk factors. More information about factors that potentially could affect the company's financial results is included in the company's filings with the Securities and Exchange Commission. |
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