JUNAN COUNTY, China, Oct. 14 /PRNewswire-Asia-FirstCall/ -- American Lorain Corporation (NYSE Amex: ALN) ("American Lorain" or the "Company"), an international processed snack foods and convenience foods manufacturer based in Shandong Province, China, today announced the resignation of Mr. Yilun Jin as the Company's CFO. The Company has appointed Ms. Lin Fu as interim CFO until a replacement is named.
"We want to thank Mr. Jin for his contribution to our Company over the last two years as CFO for American Lorain," began Mr. Si Chen, Chairman and CEO of American Lorain. "We wish him all the best in his future endeavor. While we look to appoint a replacement for Mr. Jin, we are confident Ms. Lin Fu will serve the Company well as our interim CFO."
Ms. Lin Fu will begin serving as interim CFO for American Lorain effective October 15, 2010. Ms. Fu graduated from Shandong University of Finance. She joined the Company in 1996 and has served various positions in finance and accounting roles. Her most recent position was chief accountant at American Lorain.
The Company is actively interviewing candidates for their CFO position and will update investors when the Company's Board approves the appointment of a new CFO.
About American Lorain Corporation
American Lorain Corporation is a Nevada corporation that develops, manufactures and sells various food products. The Company's products include chestnut products, convenience food products and frozen food products. The Company currently sells over 230 products to 26 provinces and administrative regions in China as well as to 42 foreign countries. The Company operates through its four direct and indirect subsidiaries and one leased factory located in China. For further information about American Lorain Corporation, please visit the Company's website at http://www.americanlorain.com.
Statements contained herein that relate to the Company's future performance, including statements with respect to forecasted revenues, margins, cash generation and capital expenditures are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance or achievements to differ materially from those anticipated. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions, particularly the current downturn in the worldwide economy; our ability to obtain adequate supplies of raw materials; our ability to manage our expansion strategy; changes in foreign currency exchange rates; government regulation; difficulties in new product development; changing consumer tastes in disparate markets worldwide and our ability to address those changes; our ability to attract and retain highly qualified personnel; and other factors affecting our operations that are set forth in our Annual Report on Form 10-K for the year ended December 31, 2009 filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact:
At the company:
American Lorain Corporation
FU Tinghao, Manager
John Mattio, SVP
HC International, New York
SOURCE American Lorain Corporation