Profile Get Profile for: Yi Wan Group Inc 101 E. 52 Street, 9th Floor New York, NY 10022 Phone: (212) 752-9700 Fax: (561) 416-2855 Web Site: http://www.yiwangroup.com
REUTERS ABRIDGED BUSINESS SUMMARY Yi Wan Group, Inc. (YWG) has ongoing business operations in the hotel and communications industries in China through its subsidiaries. Jiaozuo Yi Wan Hotel Co., Ltd. is the Company's 90%-owned hotel subsidiary that manages and operates a conference hotel and entertainment facility in Jiaozuo City, Henan Province, China. In March 2001, YWG entered into a joint venture agreement with the Qinyang Hotel. This agreement provides for the establishment of a joint venture limited liability company, the Qinyang Yi Wan Hotel Co., Ltd., which operates the Quinyang Yi Wan Hotel in Qing Yang City, Henan Province, China. The joint venture company is 80% owned by YWG. Shun de Yi Wan Communication Equipment Plant Co. Ltd. is the Company's wholly owned telecommunications subsidiary. Shun is engaged in the manufacture of exchange distribution frames equipment. Key Statistics More from Reuters Expanded Business Description
Our system posted a BUY CONFIRMED today. The previous BUY recommendation that was confirmed was made on 04.21.2004 (321) days ago, when the stock price was 2.1000. Since then YIWA has fallen -60.95% .
Things are going O. K. nowadays. Another BUY signal is confirmed!
Did you find the chance to increase your shares? If so, take a deep breath and relax. Luck may be chasing you in these days.
Have you missed the chance to buy? Don't worry. It isn't after all very late for opening new positions. Hopefully, you will be able to find suitable prices for buying in the next session.
posted
Yi Wan Group Opens First Outlet in New 'Diyikou' Fast-Food Chain in Beijing
New Brand Designed to Strengthen Yi Wan Position in Hotel-Restaurant Sector Second Outlet on Track to Open this Month
Thursday , August 26, 2004 08:30 ET
NEW YORK, Aug 26, 2004 /PRNewswire-FirstCall via COMTEX/ -- Yi Wan Group, Inc. (OTC Bulleitn Board: YIWA), a Foreign Invested Enterprise company based in Henan Province, China, announced today that the company held the grand opening of the first outlet in its new "Diyikou" brand fast-food chain in Beijing on July 22, 2004.
Located in the Qian Men district of Beijing, the restaurant launches the company's new business segment, which is designed to leverage Yi Wan's broad culinary expertise in Beijing's high-growth fast-food marketplace and strengthen the company's position in the hotel-restaurant sector.
A second Diyikou outlet is scheduled to open in the Xi-Zhi Men district on August 24, 2004. Both districts are among Beijing's busiest areas, with foot traffic of more than 40 persons per minute.
Yi Wan expects to open similar fast-food restaurants in Beijing and Shanghai over the next five years. The Diyikou chain makes Yi Wan an early mover in a trend described in The Wall Street Journal, August 4, 2004, as blending Chinese-style cuisines with Western-style chain management, service and hygiene.
Beijing's fast food industry generates approximately US$3 billion (RMB 24 billion) in annual revenue, according to the Beijing Bureau of Commerce, and the trend is expected to accelerate during the 2008 Olympics. American fast-food chains such as McDonald's, Pizza Hut and KFC have multiplied in Beijing in recent years, and a few Chinese companies have started chains based on Western business principles but offering Chinese cuisines including Yoshinori and Sichuan food. Yi Wan believes it is the first to focus on Hong Kong-style food distinguished by fresh ingredients and high-quality preparation.
Said Cheng Wan Ming, President and Chairman of Yi Wan Group, "Our new Diyikou restaurants are opening on schedule, and our special focus on Hong Kong-style food is attracting a good audience. We believe our cuisine and style as well as the quality of our management and service will enable us to stand out in Beijing's booming fast-food marketplace."
Yi Wan has developed broad culinary and management expertise for its hotels in the cities of Jiaozuo and Qinyang in Henan province. A new fast-food R&D center, training center and food supply facility is temporarily located in its flagship Jiaozuo Yi Wan Hotel.
Noted Mr. Cheng, "By bringing our expertise to Beijing, a city of 30 million people, we intend to broaden and strengthen Yi Wan's position in the hotel-restaurant business sector."
About Yi Wan Group, Inc.
Yi Wan Group, Inc. was incorporated to explore the feasibility of acquiring interests in several businesses located in China in which its President, Mr. Cheng Wan Ming, had an ownership interest. On January 1, 2000, the Company acquired controlling equity interests in certain China-registered companies, which have ongoing business operations in the hotel and communications industries in China. The Company's Web site (http://www.yiwangroup.com) as well as its periodic filings with the Securities and Exchange Commission (available at http://www.sec.gov) contain descriptive information regarding the Company and its management.
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Yi Wan Group, Inc. ("the Company"), or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission which are available for review at http://www.sec.gov under "Search for Company Filings."
Consulting For Strategic Growth I, Ltd. ("CFSG") provides Yi Wan Group with consulting, business advisory, investor relations, public relations and corporate development services. Independent of CFSG's receipt of cash compensation from Yi Wan Group, CFSG may choose to purchase the common stock of Yi Wan Group and thereafter liquidate those securities at any time it deems appropriate to do so.
CONTACTS: Stanley Wunderlich Cheng Wan Ming Consulting For Strategic Growth I, Ltd. President Public Relations Tel: 86-391-262-3227 Corporate Development Consultants Fax: 86-391-262-3767 Tel: 800-625-2236 Email: yale@richave.com Fax: 212-697-0910 http://www.yiwangroup.com Email: cfsg@consultant.com
SOURCE Yi Wan Group, Inc.
CONTACT: Stanley Wunderlich, Consulting For Strategic Growth I, Ltd., Public Relations, Corporate Development Consultants, +1-800-625-2236, or Fax: +1-212-697-0910, or cfsg@consultant.com, for Yi Wan Group, Inc.; or Cheng Wan Ming, President of Yi Wan Group, Inc., +86-391-262-3227, or Fax: +86-391-262-3767, or yale@richave.com /Web Site: http://www.yiwangroup.com (YIWA)
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