China YiBai Subsidiary Joins China Beijing Environmental Exchange CBEEX
Company Now Able to Participate in Carbon Trading
DALIAN, China, July 22 /PRNewswire-Asia-FirstCall/ -- China YiBai United Guarantee International Holding Inc. (Pink Sheets: CBGH), a company providing innovative financial services for small and medium enterprises in China, announced today its newly formed subsidiary, China Low Carbon Energy Conservation Management Co. (CLCEC), has been granted membership in the China Beijing Environmental Exchange (CBEEX). The company is now authorized to conduct business through CBEEX's energy saving related trading centers.
As China YiBai's designated carbon trading entity, CLCEC will provide carbon trading, energy performance contracting and financial services through the CBEEX exchange and its various operating centers, CDM Information Center, China Energy Performance Contracting Center, Green Tech Transfer and Finance Center and China Carbon Neutral Alliance Center.
The company is currently working to establish a strategic alliance with a well-known green energy corporation. This is a key element in the company's expanding business strategy that is focused on becoming an environmentally oriented financial services provider.
China YiBai CEO Alex Li said, "This is a further step toward our goal of becoming a leading provider of financial services for 'green' companies and actively participating in the environmental market place. Pollution is a serious issue worldwide. China's own problems have created a huge market for environmentally related businesses. The Chinese government is putting increased emphasis on dealing with and meeting environmental challenges. We are pleased to be part of the emerging solution. Our new membership in CBEEX further strengthens our ability to be an active participant in assisting government as well as private industry in meeting these challenges."
About China Beijing Environmental Exchange
The China Beijing Environment Exchange (CBEEX), established in 2008 with the approval of the Beijing municipal government, is a public market platform for trading various environmentally related equities and encouraging the use of economic measures to address environmental issues. Through its advanced transaction system and extensive network of members and partnerships, CBEEX helps the market place to optimize of resource allocation, minimization pollution abatement and transaction costs and encourage cost-effectiveness in environmental governance. More information may be found at http://en.cbeex.com.cn/
About China YiBai United Guarantee International Holding Inc.
China YiBai United Guarantee International Holding Inc. and its wholly owned subsidiaries provide innovative financial services for small and medium enterprises (SMEs) including equity financing, asset management and multi-level domestic and overseas capital market listings. China YiBai is a sponsor and market maker on China's over-the-counter market, the Tianjin Equity Exchange, which specializes in financing and investment services for high-tech enterprises. More information may be found at http://www.yibaichina.com .
An online investor kit including a company profile, press releases, current price quotes, stock charts and other valuable information for investors is available at http://www.hawkassociates.com/profile/cbgh.cfm . To subscribe to future releases via e-mail alert, visit http://www.hawkassociates.com/about/alert/ .
Forward-Looking Statements
This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. 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. You 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 Company's periodic reports that are filed with the Pink Sheets. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
SOURCE China YiBai United Guarantee International Holding Inc.
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