NEW YORK and HARBIN, China, Nov. 30, 2010 (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 it has appointed Mr. Cheesing (James) Wong as its new chief financial officer. Mr. Wong brings over thirty years of senior financial and operational experience in manufacturing and related industries.
Mr. Haipeng Wang, Chairman and Chief Executive Officer, commented, "We are pleased to welcome James to American Jianye. He has a proven track record in senior financial and operational positions, including both private and public companies. At each of his last four companies, he helped to more than double revenues and achieve expense reductions in excess of 30%. His extensive experience with rapid growth companies, as well as his proven ability to enhance operational efficiency, will be particularly valuable as we prepare for the next phase of our growth. Specifically, we expect two major fuel production facilities to come online in 2011. In anticipation of these events we are focused on enhancing our financial and operational infrastructure. Additionally, James will be a valuable asset as we begin raising awareness of American Jianye within the U.S. capital markets and preparing for our planned listing on a national exchange in 2011."
Prior to joining American Jianye, Mr. Wong held senior executive positions at various private and public companies including executive director of a green energy products manufacturer from 2008 to 2010; general manager of a leading international provider of hardwood flooring from 2005 to 2008; and general manager of a premier global garment manufacturer from 2003 to 2005. Mr. Wong holds an MBA degree from the University of California, Newport; a postgraduate degree in marketing and strategy from the Chartered Institute of Marketing in the U.K.; and a Group Diploma in Advanced International Financial Accounting from London Chamber of Commerce and Industry, UK. He is certified in ISO 9000–9003 and SAP ERP systems.
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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