updated 1/4/2011 8:16:12 AM ET 2011-01-04T13:16:12

NEW YORK and HARBIN, China, Jan. 4, 2011 (GLOBE NEWSWIRE) -- American Jianye Greentech Holdings, Ltd. (OTCBB:AJGH), a leading developer, manufacturer and distributor of alcohol-based automobile fuel and civil-use fuel in China, today announced that the Mayor of Harbin authorized an increase in production capacity and new supply channels for Methanol clean fuel in Harbin. 

Mr. Haipeng Wang, Chairman and Chief Executive Officer, commented, "As the only clean fuel manufacturer authorized to sell or operate within Heilongjiang Province, this authorization paves the way for us to expand our operations in Harbin. First, we currently outsource production of our fuel to a third party provider. However, at our current growth rate, we expect our partner to exceed production capacity by mid-2011. This approval will allow us to develop or source additional production capacity, as needed, without additional government or regulatory approvals. Second, the authorization to expand our supply channels allows us to construct new gas stations at the appropriate time, to meet the growing demand."

About American Jianye Greentech Holdings

American Jianye Greentech Holdings, headquartered in Harbin, China, is a leading developer, manufacturer and distributor of alcohol-based fuel. The company's alcohol-based fuels burn with higher efficiency and significantly lower toxic waste emissions than unleaded gasoline. The unique combination of catalysts in the fuel enhance fuel octane rating and engine power, inhibit the premature oxidation of the fuel, help remove sediment in the carburetor, and prevent the erosion of the engine cylinder surface. Additional information about the company is available at: www.americanjianyegroup.com .

This press release contains certain "forward-looking statements" relating to the business of the Company. These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( www.sec.gov ). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

CONTACT:  American Jianye Greentech Holdings, Ltd
          InvestorRoadshow.com
          (516) 450-3119

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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