Asia Fiber Holdings Limited Opens New Strategic Sales Office in ShannXi Province, China.Business Editors & High-Tech Writers LOS ANGELES--(BUSINESS WIRE)--Oct. 23, 2001 Company Focused on Developing Markets in China's Western Region; Company Creates Special Sales Teams to Penetrate Wholesale Markets in China Asia Fiber Holdings Limited (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AFBR AFBR Anaerobic Fluidized-Bed Reactor ) today proudly announced that the Company has opened a highly strategic sales office in ShaanXi Province for the purpose of further developing and expanding the Company's share of the polyester fiber Noun 1. polyester fiber - a quick-drying resilient synthetic fiber consisting primarily of polyester polyester - any of numerous synthetic resins; they are light and strong and weather resistant market in China's western region. Additionally, the Company has recently formed a series of special sales teams for the specific purpose of penetrating the wholesale polyester fiber markets located in ZhaoQing City in Jiejiang Province, NanTong City in JiangXu Province and KaiPing City in Guangdong Province. The Company anticipates that the opening of its new strategic sales office in ShaanXi Province and the widening of its sales network will result in an additional 5% increase in sales revenue for the Company in 2002. About the Company Asia Fiber Holdings Limited (OTCBB:AFBR), a Delaware corporation, is the controlling shareholder of an operating company operating company A business that engages in transactions with outsiders. based in the People's Republic of China (PRC) that manufactures and distributes polyester fiber for use in the apparel and textile industries. Its applications include everything from socks, leisure-wear and lingerie to carpet pile, tire cord and seat belts. Statements made in this news release concerning predictions of performance and the company's plans and objectives are not historic facts and constitute forward-looking statements made pursuant to the 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. provisions of 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. Such statements made in this news release concerning predictions of performance and the Company's statements involve important risks and uncertainties that may cause results to differ materially from those set forth in this news release. All forward-looking statements are subject to the successful completion of actions described in the news release. Readers should carefully review the company and publicly available filings thoroughly with their registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in or registered broker. |
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