NEW YORK and HARBIN, China, Feb. 3, 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 Company has been featured on Rodman TV (http://www.rodm.tv), Rodman & Renshaw's source for online market insights for institutional investors. The online video recording captures the company's most recent investor presentation.
To view the recording of American Jianye's presentation at Rodman TV, please visit /register at:
Mr. Haipeng Wang, Chairman and Chief Executive Officer, commented, "We are pleased to be able to provide our corporate presentation to institutional investors and interested followers through the Rodman TV website. We are actively engaged in growing and expanding our business and will benefit from making U.S. investors more aware of the strengths of our business model and our attractive competitive position for alcohol-based fuels."
The company also reaffirmed its prior guidance that it anticipates generating revenue of more than $90 million, compared to $9.7 million for 2009, reflecting the commencement of operations in September 2009. The company anticipates 2010 net income of at least $9.0 million, or $0.29 per share, compared to $943,342, or $0.03 per share, in 2009.
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: .
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 (). 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.
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