China Yingxia International Announces Q4 and FY 2007 Estimates
''We are very pleased with the strength in our sales,'' stated Ms. YingxiaJiao, the Chairwoman of the company. ''We have expanded our product line,including our new functional organic rice for diabetics, soybean basedproducts, and other health related and personal care products. Our expandedproduct lines are being very well received by our expanding retail network.''
''Our auditors have not yet completed the final accounting for 2007,'' Ms.Jiao continued, ''but we believe gross margins improved year on year, whileselling and general expenses as a percentage of total revenue decreased. Thecombination of strong sales, good gross margins, and controlled selling andgeneral expenses should enable us to report a substantial improvement inearnings for the fourth quarter, compared to both the third quarter of thisyear and the comparable quarter from the previous year. We should also be ableto report strong earnings for all of 2007.''
''We are committed to improving our communication with investors in2008,'' Ms Jiao stated. ''We are working very diligently to understand theinterests of investors and are committed to being as good at communicatingwith you as we are at selling healthy products to our customers.''
''We will report earnings before the end of the month, and are lookingforward to sharing the full details with you at that time,'' Ms. Jiaocontinued. ''We are also very excited about the opportunities for expansion in2008.''
About China Yingxia International, Inc.
China Yingxia International, Inc., through its 100%-owned subsidiary,Harbin Yingxia Industrial Group Co., Ltd. ("Yingxia"), is primarily engaged inthe development, production and sales of health food products in China.Yingxia is located in the Province of Heilongjiang in mainland China.Yingxia's products include soybean-based foods and drinks, longgu goldenmillet enriched products, cactus-based herbal supplements, personal careproducts, Nestle products, and organic rice products.
Safe Harbor Statement
The statements contained herein that are not historical facts are"forward-looking statements" within the meaning of Section 21E of theSecurities and Exchange Act of 1934, as amended, and the Private SecuritiesLitigation Reform Act of 1995. Such forward-looking statements may beidentified by, among other things, the use of forward-looking terminology suchas "believes," "expects," "may," "will," "should," or "anticipates" or thenegative thereof or other variations thereon or comparable terminology, or bydiscussions of strategy that involve risks and uncertainties. In particular,our statements regarding the potential growth of the markets are examples ofsuch forward-looking statements. The forward-looking statements include risksand uncertainties, including but not limited to, general economic conditionsand regulatory developments, not within our control. The factors discussedherein and expressed from time to time in our filings with the Securities andExchange Commission could cause actual results and developments to bematerially different from those expressed or implied by such statements. Theforward-looking statements are made only as of the date of this filing, and weundertake no obligation to publicly update such forward-looking statements toreflect subsequent events or circumstances.For more information, please contact: Peter Zhou Tel: +1-212-2
You May Also Like