SOURCE: AJ Greentech Holdings Ltd

March 25, 2015 06:00 ET

AJ Greentech Signs MOU With Taiwan Taxi to Obtain 1500 Taxis

NEW YORK, NY and TAICHUNG, TAIWAN--(Marketwired - Mar 25, 2015) - AJ Greentech Holdings, Ltd. (OTCQB: AJGH), a leading developer, manufacturer and distributor of green energy, announced it has signed an MOU with Taiwan Taxi company to obtain 1,500 taxi models.

This signing represents a significant deal in the company's research and development infrastructure. With AJ Greentech already deep in the industry with the contracts and deals to manufacture taxi model parts and develop new technologies, this MOU gives AJ an unprecedented advantage in the renewable energy industry. With the high volume of models, AJ will have the supply necessary to integrate its unparalleled improvements in automobile technology while at the same time, creating the demand for such vehicles.

Ms. Chu Li An, CEO, stated, "We hope to send a message to the industry and to our investors through this deal. We are more than just another research and development company. We hope to create supply and demand for the industry. We plan to make renewable technology available to all forms of transportation. We believe in science and the effect that it will have on the environment and society. 1,500 taxi models is a huge step in that direction."

About AJ Greentech Holdings: AJ Greentech Holdings is a full-service environmental technologies and R&D firm dedicated to providing innovative solutions to communities, industries and governments addressing the issues of green energy, environmental protection and sustainability. It offers innovative solutions for Green Transportation, Green Energy and Sustainability. AJ Greentech integrates its own native advanced technologies along with third-party technologies and systems to provide its customers with the most effective and economical solutions. Additional information about the company is available at:

Forward-Looking Statements: This release contains certain "forward-looking statements" relating to the business of the Company. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. 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 Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( All forward-looking statements attributable to the Company or to 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.

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