Allstocks.com's Bulletin Board: ARII Chinese merger

This is topic ARII Chinese merger in forum Hot Stocks Free for All ! at Allstocks.com's Bulletin Board.

To visit this topic, use this URL:
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/004151.html

Posted by Bhodisatva19 on :

Amtech Resources Signs Agreement to Merge with Xin Hong Ye Real Estate Development in People's Republic of China
6/28/2004 3:48:00 PM
NEWPORT BEACH, Calif., Jun 28, 2004 (BUSINESS WIRE) -- Amtech Resources (Pink Sheets:ARII) has signed a Letter of Intent to merge with Xin Hong Ye Real Estate Development Inc., one of the fastest growing real estate development companies in South China with over $30 million (USD) in revenues. Terms of the merger were not disclosed. Amtech anticipates that the merger will be finalized within the next few weeks pending shareholder approval.

With headquarters in Shun De, in the Hong Gang Gan Yaun Industrial District, Guaong Zhou Province, Xin Hong Ye specializes in the design, construction and property management of shopping centers, office buildings, housing projects and toll roads. The company has developed an exceptional reputation for its high quality of work with government agencies throughout the People's Republic of China.

Xin Hong Ye Real Estate Development Inc. has been incorporated in the People's Republic of China since 1992. The company is currently involved in a massive city development project in Northern China and construction of a large land fill site in Southern China.

Disclaimer: The company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.

SOURCE: Amtech Resources

Pegasus Capital Inc. for Amtech Resources
Raymond J. McNamee, 949-706-0141

Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.