SISHUI, CHINA / ACCESSWIRE / May 5, 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 by a billion U.S. dollars for the Company in next 5 years.
Acer Truncatum is a kind of maple that has 300 species worldwide. Acer Truncatum is unique in growing fruits that it can process general food oil with better quality than olive oil. Additionally, Acer Truncatum is only available in China, just as Pandas are. The Acer Truncatum oil contains 5.8% of nervonic acid that is publicly recognized as the only effective element for preventing Alzheimer's disease. Nervonic acid had previously been extracted ONLY from killing sharks. Acer Truncatum is contained in plants, and nervonic acid can be extracted from these very economically, so far. After over 40 years research and experiments, the Chinese government approved Acer Truncatum oil as general wood food oil that can be used as a general food oil, such as soybean, corn, olive, and other food oils.
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 in sales annually. We believe the new business will make CYIG a member of the billions 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 the Acer Truncatum oil business, that they anticipate will be a billion dollar market soon. The Company 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 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.
For more information, please contact:
Mr. Zecheng Shao
Tel: 0086-537-4268276
Email: [email protected]
SOURCE: China YCT International Group Inc.