Asia Fiber Holdings Limited Unveils Company Web Site at www.asiafiberholdings.com; Public Encouraged to Visit Asia Fiber Holdings Limited on the World Wide Web.Business Editors LOS ANGELES--(BUSINESS WIRE)--July 13, 2001 Asia Fiber Holdings Limited (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AFBR AFBR Anaerobic Fluidized-Bed Reactor ) today announced that it has launched its official company Web site that can be viewed on the World Wide Web at www.asiafiberholdings.com. The Company's Web site includes a comprehensive overview of Asia Fiber Holdings Limited. The easy-to-navigate site supplies the public with significant information respecting the Company's history, structure, operations, facilities, products, management and goals. Additionally, the Company's Web site provides links to its SEC filings, Press Releases and stock market quotes. The Company encourages the public to visit Asia Fiber Holdings Limited via the World Wide Web at www.asiafiberholdings.com. 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 Limited, stated, "The launching of our presence on the World Wide Web signifies that we have reached a principal milestone in achieving our goal to thoroughly educate the public about Asia Fiber Holdings Limited." Ching Lung Po added, "The Company is committed to a successful market awareness campaign and expects its Web site to serve as a medium which enables the public to have a direct connection to the company." About the Company Asia Fiber Holdings Limited (OTCBB:AFBR), a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. , is the controlling shareholder of an operating company operating company A business that engages in transactions with outsiders. based in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China (PRC), which 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. For the calendar year ended Dec. 31, 2000, the Company's auditors, Ernst & Young, reported that Asia Fiber Holdings Limited generated sales of US$65,093,000 and retained a net income of US$3,754,000, which translates into US$0.15 earnings per share in 2000. Form 4 Filing Ching Lung Po, chairman of Asia Fiber Holdings Limited, is also 70% owner of Megastone Development Limited. On June 12, 2001, Necton Services Limited purchased from Megastone Development Limited, in an affiliate-related transaction, 560,000 shares of restricted stock of Asia Fiber Holdings at US$1.60 per share. The shares purchased by Necton Services Limited are restricted pursuant to Rule 144 of the Securities Act of 1933, beginning on June 12, 2001. 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 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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