Sishui, China / ACCESSWIRE / April 14, 2017 / China YCT International Group Inc. (OTCQB: CYIG) today announced that the Company signed an agreement to purchase Acer Truncatum business from Shandong YCT Group Co.Ltd. The new business is expected to increase sales of billion U.S. dollar for the Company in next 5 years.
Acer Truncatum is a kind of maple that has 3 hundreds species worldwide. But Acer Truncatum is unique in growing fruits that it can process general food oil with better quality than olive oil. Also Acer Truncatum is only available in China as Panda does. Besides Acer Truncatum oil contains 5.8% of nervonic acid that is publicly recognized as only effective element for preventing Alzheimer’s disease. Nervonic acid have been extracted ONLY from killing sharks before. Acer Truncatum is only plants that can extract nervonic acid economically so far. After over 40 years research and experiments, Chinese government approved Acer Truncatum oil as general wood food oil that can be used as general food oil such as soybean, corn, olive and other.
Mr. Tinghe Yan, Chairman and CEO of CYIG, said, " We expect CYIG to become a leading Acer Truncatum oil producer and supplier in the world with billions sales annually. We believe the new business will make CYIG a new member of billons sales club in next 5 years.”
About the Company
CYIG is a biotechnology company, mainly focused on producing medicines and selling organic healthcare products. CYIG is also a major player in Acer Truncatum oil business that will have billions dollar market soon. It is also dedicated to laying a solid foundation for building a nationwide sales and marketing network. Additionally, CYIG will be offering more incentives to strategic partners to encourage e them to create more value for CYIG.
Safe Harbor Statement
Certain statements in this press release, constitute forward-looking statements for
purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding the Company's future performance. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the periodic reports that are filed with the
Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
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