YaSheng Group Reiterates its Position as an Agriculture & Chemical Leader in China.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- YaSheng Group (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :YHGG) a leader in Chinese agricultural and chemical industries reiterates its position as an agriculture leader in China. The GanSu YaSheng Group has grown into a large-scale enterprise based on its land resources Noun 1. land resources - natural resources in the form of arable land natural resource, natural resources - resources (actual and potential) supplied by nature and mineral reserves while relying on its hi-tech agriculture, inorganic chemistry inorganic chemistry, the study of all the elements and their compounds with the exception of carbon and its compounds, which fall under the category of organic chemistry. and biology projects as its core business. It has been ranked among one of the ten largest conglomerates in the GanSu province, with its 10 second class subsidiaries, covering 150.000 ha. arable land (370,644.92 acres), 100.000 ha. farming land (247,105.381 acres), 5334 ha. drip-irrigation fields (13,180.601 acres), and 15,500 employees (including retirees). Despite tough competition, prominent achievements have been achieved by all members of the YaSheng Group. The YaSheng Group and its members have been honored several times as a "AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. " enterprise by The Agriculture Bank of China GanSu Bank as well as the China Bank of Commerce. They have been accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. as a "China AAA Image Enterprise" and a "Major National New Hi-tech Enterprise" by the Chinese Government. YaSheng Group is ranked #185 out of the 500 strongest chemical Enterprises in the World. They are ranked No.2 among the national salt chemistry industry. YaSheng has been rated No.11 among top 60 GanSu industrial groups. In the year 2004, YaSheng has been ranked as a first rate "AAA" enterprise by the National Ministry of Commerce for comprehensive credibility, and honored as an exemplary enterprise of credibility. In order build up the reserve of intellectuals, YaSheng founded its own corporate university by a ratification from the Ministry of Education, with a total of 7200 students enrolled. The University has 11 junior college majors, 13 college majors, 2 MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration majors, 2 Doctorate majors. Confronting the development of future expansion, YaSheng highly regards its reserve of intellectuals for creativity in the Agriculture industry. The company has participated 32 times/person for various seminars and training programs sponsored by the National Ministries and Universities. In 2000, the YaSheng Post-Doctorate Station was ratified by the Ministry of Personnel. Its "Green Bio-tech Genetic Center" was set up in Beijing in collaboration with the China Academy of Science and Institute of Hereditary Biology. YaSheng has set up its own Academy of Science, Biological Research Institute, and Hi-tech Agriculture R&D Center. The YaSheng Group has sponsored many high level national technology research programs. The Group possesses many professors, doctors, and 2142 technicians which give them a profound research capability. YaSheng has obtained 11 national Patents and 4 know-how technologies. YaSheng maintains its foreign business ties with numerous companies from 17 countries, and carries on academic exchanges from 41 countries. There are nine international companies, with an annual turn-over of US $3-35 Billion, that cooperate and trade with YaSheng. The Group has invested substantial resources in technical and process improvement for yellow-flake Sodium Sulfide and Carbon White, to keep their leading position in China for these products. They currently own the right of mining 30 million MTS (1) See Microsoft Transaction Server. (2) (Modular TV System) The stereo channel added to the NTSC standard, which includes the SAP audio channel for special use. 1. MTS - Message Transport System. 2. of mirabilite, the largest in GanSu. Currently output is 200,000 mt pa (million tons per annum Per annum Yearly. ) of mirabilite and 80,000 mt pa of industrial salt, which back-supported the salt industry, enabling the company to concentrate on its core chemical products, 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. and Sodium Sulfide, which covers 91% of the national market, rating it #1 in the nation. The YaSheng Sodium Sulfate plant applies a four-stage evaporation technology that has a total output of 80,000 mt pa. It has ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 certification and its quality reaches GB6009-29, superfine superfine a class of merino sheep with wool finer than that of fine-wool. Usual limit is wool of 18.5 microns or less fiber diameter. standard. This product has been recognized as a "Prestigious and leading product of GanSu." Over 85% of the output is exported, mainly to North America, Southeast Asia, Japan and Korea. YaSheng also established a modern 30,000 mt pa (million tons per annum) low-iron and low-carbon Sodium Sulfide plant, the largest in China. The Iron content is below 20ppm. The plant has qualified for both national product standards and ISO 9002 certification. A YaSheng subsidiary, Lan Zhou Vinylen Company, formerly a first-class state enterprise, is a major synthetic fiber manufacturer and is the only Vinylon producer. Manufacturing for those products has received ISO 9002 certification and the award of "Leading product in GanSu". The company products cover local and export markets with current annual export topping $18,000,000 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. . YaSheng's Hops producing division is 25 times more efficient than the industry standard and has been awarded "Knight of Hops" for outstanding technical cultivation of hops by IHGC. This is an important breakthrough due the rapidly growing beer market in China. Drip-irrigations has been a breakthrough for YaSheng as well. Seeing drip-irrigation as a breakthrough for industrialization industrialization Process of converting to a socioeconomic order in which industry is dominant. The changes that took place in Britain during the Industrial Revolution of the late 18th and 19th century led the way for the early industrializing nations of western Europe and and perfection of scientific/technological agriculture, YaSheng has completed installation of 100 thousand mu (49,419.322 acres) drip-irrigation farming land, in which 50 thousand mu (24,709.66 acres) are using computerized precision control for irrigation irrigation, in agriculture, artificial watering of the land. Although used chiefly in regions with annual rainfall of less than 20 in. (51 cm), it is also used in wetter areas to grow certain crops, e.g., rice. and fertilization, and the company aims to cover 300 thousand mu (148,257.98 acres) more with drip-irrigation in 5 years. The introduction of sea water Aquaculture aquaculture, the raising and harvesting of fresh- and saltwater plants and animals. The most economically important form of aquaculture is fish farming, an industry that accounts for an ever increasing share of world fisheries production. enables the company to develop an Aquaculture industry in Lan Zhou. Attempts have been made to develop agriculture mini-planes that produce artificial rainfalls to improve environment conditions. Forward-Looking Statements 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 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. |
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