SOURCE: Yasheng ECO-Trade Corporation

June 22, 2010 09:14 ET

Yasheng ECO-Trade's New Board Takes Over and Appoints William Lieberman as Acting President

LOS ANGELES, CA--(Marketwire - June 22, 2010) -  On June 11, 2010, Yasheng ECO-Trade's (OTCBB: YASH) June 1, 2010 14 F-1 filing became effective thereby appointing William Lieberman, Andre Lauzier, Jeffrey Stemberg, and Gerry Weinstein to the Board of Directors. Effective June 18, 2010 the Board has appointed Mr. Lieberman as acting President.

Mr. Lieberman will be responsible for the day to day operations of the company and developing the strategic direction for the company. Mr. Lieberman stated, "I am excited about the opportunity to build on the foundation of business relationships that exist at Yasheng ECO-Trade. I have a clear direction that I believe can be implemented and will have a positive impact on the future of the company."

About William Lieberman Mr. Lieberman is the former President of Trilliant Exploration Corp., a gold mining operation with assets in southern Ecuador and nearly 200 employees in full scale mining production with reserves of nearly 1.2 million oz. Since 2008 he worked closely and was intimately involved in all stages of financing and development of Trilliant Exploration and his efforts resulted in the closing of nearly $3 MM venture capital and private equity investment. Beginning in 2005, Mr. Lieberman served as Vice President of Resource Polymers, Inc of Toronto, Canada. Mr. Lieberman holds a Masters in Business Administration (MBA) from Hult International Business School, and a Bachelor of Arts in Political Science from the University of Western Ontario. He is fluent in Spanish and has worked in Ecuador, Costa Rica, The Bahamas, Germany, the Czech Republic, Romania and Mexico as a former international journalist.

About Andre Lauzier He has been in the property industry for the past nine years and prior to that held numerous marketing positions in the automotive sector. Mr. Lauzier is fluent in English, French and Spanish and is an active member of local industry organizations. He also dedicates a portion of his time to various community and charitable causes as well as those involving community youth. Mr. Lauzier has been in the property industry for the past nine years and prior to that has held numerous marketing positions in the automotive sector. Mr. Lauzier is fluent in English, French and Spanish and is an active member of local industry organizations. He also dedicates a portion of his time to various community and charitable causes as well as those involving community youth.

About Jeffrey Stemberg He currently is on the board of Trilliant Exploration -- TTXP and has significant experience in serving on public company boards. Mr. Stemberg has served on the boards of several public companies over the past five years that include board positions on a US public gaming company and a TSX Venture listed gold company within the past two years. From 2004 to 2006, he served as the president of Advantage Capital Development Corporation, a small business development company, where he was responsible primarily for eliminating debt of client companies and managing that company's general operations. Since 2007, Mr. Stemberg has served as an operations manager for Trafalgar Capital.

About Gerry Weinstein He has been in the automotive industry for over a decade with executive positions for both domestic and import manufacturers. Prior to that Mr. Weinstein held executive management positions in the industrial and textile industry for nearly 20 years.

About Yasheng ECO-Trade Corporation (OTCBB: YASH)

The Company's business has been the identification and acquisition of undervalued assets within emerging industries for the purpose of consolidation and development of these businesses and sale if favorable market conditions exist. The Company's objective is to find, acquire and develop resources at the lowest cost possible and recycle its cash flows into new projects yielding the highest returns with controlled risk. The Company's competencies include financial services, mergers and acquisitions, accounting, real estate development and natural resources exploration. The Company is currently in the process of developing a logistics center. As part of its strategy to develop a logistics center, the Company has entered a term sheet with Yasheng Group in which Yasheng Group, among other things, has agreed to contribute real property for the development of a logistics center. Further, the Company and Yasheng Group have jointly entered into a cooperation agreement with Legend Transportation based in Texas.

Forward-Looking Statements: Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.

Contact Information

  • Contact:
    Yasheng ECO-Trade Corporation
    786-323-1650