American Jianye Greentech Holdings Ltd Provides 2010 Second Quarter Guidance

NEW YORK, July 29 /PRNewswire-FirstCall/ -- American Jianye Greentech Holdings Ltd. (OTC Bulletin Board: AJGH) (the "Company"), which is engaged in the business of developing, manufacturing and distributing alcohol-based automobile fuel products in the Peoples Republic of China, manufactured by thei

American Jianye Greentech Holdings Ltd Provides 2010 Second Quarter Guidance

NEW YORK, July 29 /PRNewswire-FirstCall/ -- American Jianye Greentech Holdings Ltd. (OTC Bulletin Board: AJGH) (the "Company"), which is engaged in the business of developing, manufacturing and distributing alcohol-based automobile fuel products in the Peoples Republic of China, manufactured by their affiliate Zhao Dong Jianye Fuel Co., Ltd. ("Zhao Dong"), announced today that it is providing preliminary revenue guidance for the Second Quarter of the 2010 fiscal year ending June 30, 2010.

Mr. Hapeing Wang, President of American Jianye, commented, "We continue to make progress developing our fuel distribution operations which is providing us with reasonably predictable growth in revenues. The company now expects revenues for the second quarter of 2010 to be approximately $15.0 million, which is up from $9.6 million achieved in the first quarter of 2010, an approximate increase of 54%. Net profit for the quarter is expected to be approximately $2.0 million, which would be an increase of approximately 100% compared to first quarter results. We expect our revenues to grow substantially once both of our new production facilities come on line in late August of this year."  Wang continued, "I am most pleased with the Company's performance so far this year and believe these estimates reflect our commitment to our goal of achieving sustainable growth in revenues and profitability."

About American Jianye Holdings: Jianye Greentech Holdings Ltd. 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 www.americanjianyegroup.com.

Safe Harbor Statement: 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 the company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel.

For more information please contact:


Hanover Financial Services

Ronald Blekicki

303-494-3617

info@hanoverfinancialservices.com



SOURCE

More