Yasheng Group To Expand International Marketing Of Yasheng Products Thru A Low Cost And Reliable Technology For The Chinese Hops Industry.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--May 13, 2004 YaSheng Group (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :YHGG) and its subsidiary, Gansu Yasheng Group (Shanghai:600108) announces that technical appraisal for their hops propagation program has been approved. Mr. Zhou ChangSheng, the Chairman of YaSheng Group said, "Through scaled field application we are able to produce a practical, low cost, and reliable technology in providing high quality hops for the national brewing industry. This will allow us to produce a wide-variety of hops with various aromas, high-acid levels, and thus forging a firm foundation for further international marketing for our products." In 1999, Yasheng Group introduced substantial new varieties of hops from the USA, UK and Germany, and sorted out a number of high quality, high yield, and tough variety to grow in China. The Yasheng Group organized this research division in order to promote scaled growing of new hops for fast propagation. The project had been assessed by experts from Gansu Science & Technology Bureau, and Gansu Agriculture & Animal Husbandry animal husbandry, aspect of agriculture concerned with the care and breeding of domestic animals such as cattle, goats, sheep, hogs, and horses. Domestication of wild animal species was a crucial achievement in the prehistoric transition of human civilization from Bureau, and consequently has reached the advanced land in national hops domain, and approved and passed technical appraisal. Mr. Zhou ChangSheng also stated, "The main drawbacks of hops in China are monotone mon·o·tone n. 1. A succession of sounds or words uttered in a single tone of voice. 2. Music a. A single tone repeated with different words or time values, especially in a rendering of a liturgical text. in variety, bitter in aroma, with low-acid content. So, we see the key for accession into the global market is to create a domestic renowned hops brand, with low cost and high quality for the growing international trend for a variety of aromas." Yasheng Group has conducted a series of coordinated research studies on fast propagation technology for low trellis 1. Trellis - An object-oriented language from the University of Karlsruhe(?) with static type-checking and encapsulation. 2. Trellis - An object-oriented application development system from DEC, based on the Trellis language. (Formerly named Owl). cultivation mechanized mech·a·nize tr.v. mech·a·nized, mech·a·niz·ing, mech·a·niz·es 1. To equip with machinery: mechanize a factory. 2. farming and harvesting, and has introduced a new and trendy variety of hops to its division. In 2002, China surpassed the U.S. to become the world's biggest beer market by volume, and the country accounts for 16.9% of world-wide consumption. While beer sales growth in Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). and the U.S. is flat, the fast-growing Chinese market has become more important, and is consolidating as it attracts investment from global giants such as Anheuser-Busch, Heineken and Carlsberg Breweries. China's fast-consolidating beer sector fueled by overseas brewers rushing to take advantage of rising disposable income disposable income Portion of an individual's income over which the recipient has complete discretion. To assess disposable income, it is necessary to determine total income, including not only wages and salaries, interest and dividend payments, and business profits, but also and consumption in China where the country's annual market is growing by as much as 8 percent a year as spending power The power of legislatures to tax and spend. Spending power is conferred to state and federal legislatures through their constitution. Judicial Review of legislative spending varies from state to state, but the law of federal spending informs courts in all states. rises in an economy that expanded at 9.1 percent in 2003. Average consumption in the market is just 19 quarts per person, compared with 53 quarts in Japan and 89 quarts in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , implying plenty of growth potential. China has nurtured its domestic hops industry over the past two decades, becoming the third-biggest grower after Germany and the USA. For the nine months ended September 30, 2003 the company reported total revenue of $574,558,072 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. , with a gross profit of $122,220,469 USD. The Company's December 31, 2003 revenue and profits statements will be released in the coming week. About YaSheng Group YaSheng Group controls vast producing acres in China with 11035 employees. Through its 121 subsidiaries, the company operates in chemical engineering, agricultural production, textile products printing and dyeing, commercial trading, as well as beverage 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. Their 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 seed, livestock, and many more agricultural, biotechnology and industrial products. 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 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. |
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