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China Yingxia International, Inc.
Appoints Chief Financial Officer
June 18, 2008
China Yingxia International, Inc. (OTC Bulletin Board: CYXI; "China
Yingxia" or "the Company"), a leading provider in the nutraceutical
industry engaged in the development, manufacture and distribution of
organic nutritional food products, supplements, and personal care
products in the People's Republic of China ("PRC"), announced the
appointment of Mr. Ren Hu as its new chief financial officer.
Mr. Hu assumed responsibility as the Company's CFO on June 11, 2008
and will report directly to Ms. Yingxia Jiao, CEO of China Yingxia.
Mr. Hu will be responsible for overseeing the Company's overall
financial planning, control and reporting activities, SEC
compliance, audit and investor relations. Mr. Hu has over 25 years
of experience in business and finance, with expertise on Wall
Street. Prior to joining China Yingxia, Mr. Hu worked as a vice
president of finance at China Kangtai Cactus Bio-Tech, Inc. (OTCBB:
CKGT), from June 2006 to June 2008, where he was in charge of North
American operations, namely timely filing of SEC reports, investor
relations, and capital raising. In addition, Mr. Hu worked as the
vice president for Phoenix Forest, LLC., the US investment banking
arm of Lin Feng Group, in 2005, executing a reverse merger
transaction for a China based power plant, and as the president for
China Finance, Inc. (OTCBB: CHFI ) in 2004, overseeing investor
relations.
Mr. Hu also has extensive brokerage house and hedge fund management
and trading experiences and has/had FINRA (formerly NASD) securities
licenses S7, S55 and S63. Mr. Hu received his MBA from London
Business School in 1989 and MS in finance from Florida International
University in 1994. He is currently an ABD (all-but-dissertation
doctoral candidate) in international business at Rutgers University.
"We are very pleased to have Mr. Hu join China Yingxia as our chief
financial officer," said Ms. Yingxia Jiao, CEO of China Yingxia.
"Mr. Hu's prior experience working at one of our peer company's and
a Chinahybrid, helps him in moving China Yingxia forward as well as
helps our firm in its financial oversight and reporting
capabilities," added Ms. Jiao.
"I am excited to join China Yingxia and look forward to working
closely with Ms. Jiao and the rest of the team in accomplishing the
Company's financial goals," commented Mr. Hu. "In addition, I look
forward to working closely with the investment community in
communicating the Company's financials."
About China Yingxia International, Inc.
China Yingxia International, Inc., through its 100%-owned
subsidiary, Harbin Yingxia Industrial Group Co., Ltd. ('Yingxia'),
is primarily engaged in the development, production and sales of
health food products in China. Yingxia is located in the Province of
Heilongjiang, Peoples Republic of China. Yingxia's products include
soybean-based foods and drinks, longgu golden millet enriched
products, cactus-based herbal supplements, personal care products,
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
the Securities and Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements may be identified by, among other things, the use of
forward-looking terminology such as 'believes,' 'expects,' 'may,'
'will,' 'should,' or 'anticipates,' vexpect' or the negative thereof
or other variations thereon or comparable terminology, or by
discussions of strategy that involve risks and uncertainties. In
particular, our statements regarding the potential growth of the
markets or forecasting financial results are examples of such
forward-looking statements. The forward-looking statements include
risks and uncertainties, including but not limited to, general
economic conditions and regulatory developments, not within our
control. The factors discussed herein and expressed from time to
time in our filings with the Securities and Exchange Commission
could cause actual results and developments to be materially
different from those expressed or implied by such statements. The
forward-looking statements are made only as of the date of this
filing, and we undertake no obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances.
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