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American Jianye Greentech Holdings, Inc. Builds New Clean Fuels Production Plant in Northeast China

 

NEW YORK, March 12 /PRNewswire-FirstCall/ -- American Jianye Greentech Holdings, Inc., (OTC Bulletin Board: AJGH) (the "Company"), an alternative fuel company which develops, manufactures, and distributes alcohol-based automobile fuel products in the People's Republic of China, announced today that its wholly owned operating company, Heilongjiang New Clean Fuels Co., Ltd has opened an office and is completing the construction of a new clean fuels production plant in the North Industrial Area, Liaoning Province, Tieling City, China.

Heilongjiang New Clean Fuels manufactures alcohol-based fuels that are approximately eighty-five percent alcohol and fifteen percent gasoline or diesel, which can achieve high heat value and low-carbon emissions effect. This product has been awarded a national patent in China, and its advanced fuel blending technology has gained the State Development and Reform Commission acknowledgement.

The Tieling Industry Zone is an area of approximately 38.33 square kilometers. American Jianye has control over approximately 80,000 square meters, with 4,000 square meters dedicated for a vehicle conversion and a restructuring factory and 10,000 square meters for an automobile clean fuel and civil use clean fuel blending and production facility. The clean fuels facility will have the capacity to produce 200,000 tons of blended fuels each year, yielding approximately $100 net per ton.

"From this base of operations, the Company will not only be able to produce a competitive and diversified product line, but we'll also gain entry into central, eastern and southern China markets through the Yingkou and Qinhuangdao Ports," stated Haipeng Wang, the Company's President. "We intend to grow our business, in the coming months and years, by expanding the business scope and scale to include other diversified and specialized products."

About American Jianye Greentech Holdings, Inc.:

American Jianye Greentech Holdings, Inc. is an alternative fuel company that develops, manufactures, and distributes alcohol-based automobile fuel products in the People's Republic of China. The Company's products are designed to function as a lower-cost, more environmentally friendly alternative to conventional gasoline-based auto fuel. For more information about AJGH, please visit http://americanjianyegroup.com.

Forward looking statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by American Jianye Greentech Holdings, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company with the United States Securities and Exchange Commission and other regulatory authorities.  

For more information contact:


Hanover Financial Services

Ronald J. Blekicki

info@hanoverfinancialservices.com

PH: 303-494-3617


SOURCE American Jianye Greentech Holdings, Inc.

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