NEW YORK and HARBIN, China, Sept. 27, 2010 (GLOBE NEWSWIRE) -- American Jianye Greentech Holdings, Ltd. (OTCBB:AJGH), a leading China-based developer, manufacturer and distributor of alcohol-based automobile fuels and civil-use fuels, including methanol, ethanol, and blended fuels, today announced the Company's CEO, Mr. Haipeng Wang, was interviewed on StockProfessors.com. The full interview is available at: .
In the interview, Mr. Wang provided a detailed discussion of the company's business strategy, the market for the company's alcohol-based fuels, the advantages of the company's alcohol based fuels, near term expansion plans, and more. The company also reaffirmed its 2010 guidance.
In the interview, Mr. Wang commented, "We are very confident in our ability to generate revenue of more than $90 million in 2010, compared to $9.7 million for 2009, which would be an amazing accomplishment considering we just commenced operations in September 2009. We anticipate 2010 net income of at least $9.0 million, or $0.28 per share, compared to $943,342, or $0.03 per share, in 2009. Based on our current stock price, this represents a price-to-earnings ratio of just 3x our 2010 guidance."
Wang continued, "Longer term, our goal is to achieve revenue of $150 million within 1-2 years, and over $300 million within 3-5 years."
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 ( 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.
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