YaSheng Group Announces Letter to Shareholders from the Chairman of the Board, Mr. Zhou ChangSheng.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif. -- The YaSheng Group (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :YHGG) today released a letter to shareholders from the Chairman of the Board, Mr. Zhou ChangSheng. Mr. Zhou ChangSheng highlights in the shareholder letter current year performance and performance expectations for the YaSheng Group through its global expansion plans. Mr. Zhou ChangSheng also uses the letter to shareholders as a means to communicate with shareholders-at-large regarding frequently asked questions. The letter to shareholders is included in its entirety within this press release. Dear Fellow Shareholders: Over the years, growth and success has driven our company to unprecedented new heights as we continue to experience increased revenues and earnings. We continue to grow our business by building on our core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. , pharmaceuticals, textile, commercial trading, beverage and inorganic salt manufacturing. Our competitive position will remain as favorable operations and manufacturing environment in China yields lower labor rates and lower raw material costs. 2004 is a year of milestones and accomplishments as the company has incorporated in California and begun our global expansion plans. The company became fully reporting with the SEC in preparation to conduct a listing on a major U.S. stock exchange. R&D had yielded greater efficiency and advance in agricultural production. The construction of the company's logistic center in Victorville will enhance the company's ability to deliver and serve customers in the North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. region. Our shift of focus from domestic to global has been carefully planned and demanded by the International Markets. However, the company will continue to place heavy emphasis in maintaining its leadership position in the domestic markets by continuously integrating new technology to improve efficiency and customer satisfaction. Internal Training programs will be in place to further educate our staff to fully embrace Global standards. Additional resources will be allocated to further enforce the company's environmental policy as we strive to protect the foundation of our company. This is an exciting time for YaSheng as it grows from a domestic conglomerate to a global leader in agriculture & chemicals and opens doors to new channels of business. As always, we are committed to increase shareholders' value and appreciate your confidence in our company and your support. Thank you, Mr. Zhou ChangSheng, Chairman of the Board About YaSheng Group The YaSheng Group (OTC:YHGG) is a diversified industrial conglomerate incorporated in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , operates in hi-tech agriculture, salt chemistry and biological technology as its core business with advantages in rich land, mineral resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature , capital and technology reserves. Through its 136 subsidiaries, the company operating categories include: chemical engineering, agricultural production, biotech, pharmaceuticals, textile products, printing and dyeing, commercial trading, beverages and inorganic salt manufacturing. YaSheng Group produces over 51 major products in the northwest of China, seven of which have received the national "Green Award" for the environment and health. The company is recognized nationally for meeting all industry quality and environmental standards. Products are sold nationally and exported regularly to the U.S., Canada, Australia, Pakistan, Iran, and many major countries in Europe and Asia. Major exports include sodium sulfate sodium sulfate, chemical compound, Na2SO4. It is a white, orthorhombic crystalline compound at ordinary temperatures; above 100°C; it assumes a monoclinic structure, and above about 250°C; it assumes a hexagonal structure. , sodium sulfide sodium sulfide n. A hygroscopic yellow compound, Na2S, used as a metal ore reagent and in photography, engraving, and printing. , vinyl fibers, barley, hops, fine spirits, licorice licorice (lĭk`ərĭs, –rĭsh), name for a European plant (Glycyrrhiza glabra) of the family Leguminosae (pulse family) and for the sweet substance obtained from the root. root, black melon melon, fruit of Cucumis melo, a plant of the family Curcurbitaceae (gourd family) native to Asia and now cultivated extensively in warm regions. There are many varieties, differing in taste, color, and skin texture—e.g. seed, livestock, and many more agricultural, biotechnology, and industrial products. With total assets of approximately $1.5 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and over 15,000 employees, YaSheng Group has 154,651,008 shares issued and outstanding as of December 31, 2003. Further information concerning YaSheng Group can be found on the corporate website, yasheng.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Statements containing terms like "believes," "does not believe," "plans," "expects," "intends," "estimates," "anticipates" and other phrases of similar meaning are considered to imply uncertainty and are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. Factors that could cause or contribute to such differences include those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission. The Company cannot guarantee its future results, levels of activity, performance or achievements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion