SOURCE: Brower Piven, A Professional Corporation

September 24, 2010 11:58 ET

Brower Piven Encourages Investors Who Have Losses in Excess of $1,000,000 From Investment in Duoyuan Printing, Inc. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the November 19, 2010 Lead Plaintiff Deadline

STEVENSON, MD--(Marketwire - September 24, 2010) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of the securities of Duoyuan Printing, Inc. ("DYP" or the "Company") (NYSE: DYP) pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with the Company's November 6, 2009 initial public offering and purchasers of the Company's securities during the period from November 6, 2009 and September 13, 2010, inclusive (the "Class Period").

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose during the Class Period that the authenticity of certain of DYP's expenses related to advertising and tradeshow costs could not be verified; that the Company had improper relationships with certain vendors and distributors; that, as a result, the Company's financial results were misstated during the Class Period; that the Company lacked adequate internal and financial controls; and that, as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

After the Company, on September 13, 2010, disclosed that it had dismissed its independent registered public accounting firm, Deloitte Touche Tohmatsu CPA Ltd., and was reorganizing its top management in connection with DYP's "desire to resolve open issues and file our 10-K on a timely basis," and after the Company's Chief Executive Officer, Chief Financial Officer and four members of the Company's Board of Directors resigned after the dismissal of Deloitte, the value of Duoyuan Printing's shares declined significantly.

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than November 19, 2010 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages or to serve as a Lead Plaintiff.

If you have suffered a net loss for all transactions in Duoyuan Printing, Inc. securities during the Class Period (including shares or possibly calls purchased during, but not sold until after the end of the Class Period or possibly put options sold but not covered until after the end of the Class Period), you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at, by email at, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 50 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

Contact Information

    Charles J. Piven
    Brower Piven, A Professional Corporation
    Stevenson, Maryland
    Email Contact