SOURCE: China Yingxia International, Inc.

March 05, 2007 15:27 ET

China Yingxia Signs Long-Term Cooperation Agreements With Top Chinese Agricultural Research Institutions

NEW YORK, NY -- (MARKET WIRE) -- March 5, 2007 -- China Yingxia International, Inc. (OTCBB: CYXI), a developer and manufacturer of health food products in China, today announced that it has signed two long-term cooperation agreements with The Chinese Academy of Agricultural Sciences and Nanjing Agricultural University respectively.

The Chinese Academy of Agricultural Sciences, a top agricultural research institution in China, is engaged in researching and developing new agricultural products and technologies. Under the terms of the agreement, the Chinese Academy of Agricultural Sciences will provide technical support and transfer new research achievements in nutraceuticals to China Yingxia.

Nanjing Agricultural University, a leading agricultural university in China, has agreed to exclusively transfer its patent of a new breed of rice "W3660" to China Yingxia. The key value of rice "W3660" is the benefits toward consumers suffering from nephropathy and diabetes.

The volume of soluble albumins of ordinary rice is about 8%, but for patients with kidney disease who cannot consume the food product containing soluble albumin of more than 4% "W3660" can be substituted with minimal loss in taste and nutrition. The company expects strong market demand for the new rice "W3660." China Yingxia plans to plant 824 acres of rice "W3660" in 2007 and the potential annual production is 3,000kgs/acre. The new rice "W3660" will be priced at USD $4/kg according to China Yingxia. The annual revenue potential could reach $10,000,000 per year based on the figures above.

Ms. Yingxia Jiao, CEO and Chairman of China Yingxia, said, "We're very pleased to work with The Chinese Academy of Agricultural Sciences and Nanjing Agricultural University. Through our cooperation with the two leading Chinese agricultural research institutions, our pipeline of quality new products will be strengthened significantly. Additionally, we will be able to bring new products to market helping to grow our revenue and market share."

About China Yingxia International, Inc.

China Yingxia International, Inc. (OTCBB: CYXI), through its 100%-owned subsidiary, Harbin Yingxia Industrial Group Co., Ltd. ("Yingxia"), is primarily engaged in the development, production and sales of health food products in China. Yingxia is located in the Province of Heilongjiang in mainland China, and it currently has over 180 employees and 3 agricultural production bases. Yingxia's products include fresh cactus and cactus dry power, organic soybean, and Longgu golden rice. Yingxia is currently implementing an aggressive expansion plan which includes the construction of a new production facility of 16,300 square meters. For the nine-month period ending 9/30/2006 the Company achieved $5.3 million in sales with a net income of $2.7 million (before a one-time tax gain), with $18.3 million in book value.

For more information about China Yingxia International, Inc. (OTCBB: CYXI), please visit:

Safe Harbor Statement

The statements contained herein that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, our statements regarding the potential growth of the markets are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including but not limited to, general economic conditions and regulatory developments, not within our control. The factors discussed herein and expressed from time to time in our filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed or implied by such statements. The forward-looking statements are made only as of the date of this filing, and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Contact Information

  • Contact:

    Alan Sheinwald
    HCI Emerging Growth
    (914) 669-0222
    Email Contact