American Jianye Greentech Holdings, Ltd. Expects to See an Increase in Second Quarter and Six Month Revenues

NEW YORK, May 4 /PRNewswire-FirstCall/ -- American Jianye Greentech Holdings, Ltd., (OTC Bulletin Board: AJGH) (the "Company"), an alternative fuel company which develops, manufactures, and distributes alcohol-based automobile fuel products in the People's Republic of China, announced today that it expects to see an increase in gross revenues for the first six months of the 2010 fiscal year as a result of the latest Chinese government mandate to raise the benchmark retail price of diesel oil and conventional gasoline.

The National Development and Reform Commission (NDRC) recently announced that it has raised prices for gasoline and diesel to 320 yuan (46.88 U.S. dollars) per ton. The price increase translates into mark-ups of 0.24 yuan for gasoline and 0.27 yuan for diesel per liter, the measurement used at service stations in China. This is the first price increase in 2010. The last adjustment occurred on November 10, 2009.

Mr. Hapeing Wang, President of American Jianye, commented, "We expect this recently announced price increase, for conventional motor fuels, to also have a positive impact on our product pricing in the coming months. Because of this recent event, we now expect gross revenues for our Company, for the first half of the year ending June 30, 2010, to be approximately $35.0 million with a net profit of approximately $3.5 million."  Mr. Wang continued, "This price increase was needed because of the economic conditions in China and the current demand, supply situation which is effecting every aspect of the motor fuels industry."

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.

SOURCE American Jianye Greentech Holdings, Ltd.

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