SOURCE: Huayue Electronics, Inc

August 19, 2014 10:08 ET

Huayue Electronics, Inc. Announces Revision to Maribor City News

CHANGZHOU, CHINA--(Marketwired - Aug 19, 2014) - Huayue Electronics, Inc. (OTCQB: HUAY), a manufacturer and international distributor of LED lighting products, today stated that the previous press release dated Aug 18, 2014, in regarding of passing Maribor City Council's Vote on EMC proposal, contains ambiguous information due to a translation error. The Company hereby distributes an additional amendment for further explanation and clarification to the general public.

The vote passed by the city council of Maribor was a measure that has been taken by the city in determination of moving ahead into greener lighting methods and was not a company related or contract specific matter. Therefore, it should solely be interpreted as the city is now moving into LED street lights.

The proposal drafted was submitted by the Company's business partner in conjunction with the Company's efforts. The scale of the proposed project remains as stated in the press release dated Aug 18th, 2014. However, this proposal has yet to be finalized by Maribor City as reported yesterday. Huayue remains confident and is working hard towards the finalization of such agreement and will report the progress when inappropriate.

About Huayue Electronics, Inc.
Huayue Electronics, Inc. is a leading energy efficient lighting products manufacturer and distributor based in Changzhou, PRC. The company offers products utilizing both LED and induction technology. The company's common stock is quoted on the OTCQB under the symbol "HUAY." Huayue Electronics was established in 1999 as a manufacturer of electric capacitors. It expanded into energy efficient lighting products in 2008. Today, we have more than 60 patents and have obtained CE, CCC, ISO9000 certification. Huayue Electronics is currently exporting to 15 countries in both Asia pacific region and Europe. For more information: http://www.cn-huayue.com.cn/english/index.php

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