SOURCE: Yasheng ECO-Trade Corporation

July 08, 2010 08:30 ET

Yasheng ECO-Trade Corporation's Joint Venture With CMARK to Facilitate Backlog of Orders

LOS ANGELES, CA--(Marketwire - July 8, 2010) -  On June 30, 2010, Yasheng ECO-Trade Corporation (OTCBB: YASH) entered into agreement to establish a corporation under the name: "Government Logistics Financing Corporation" with CMARK Group to help facilitate CMARK's backlog of exiting orders. CMARK provides a wide array of services and products in the areas of construction, interior systems, and hospitality operations primarily to the Federal Government and US Federal government prime contractors.

This Joint Venture provides YASH with revenue opportunities and access to the government procurement business. CMARK President Charles Jones said, "The Joint Venture with YASH allows us to more quickly deliver on our backlog of orders and focus on expanding our core business. I think it will be a win-win for everyone involved." YASH acting President William Lieberman commented, "We are excited to be working with a company with as much experience as Mr. Jones and the CMARK Group."

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.

About CMARK Group -

CMARK International provides a wide array of facility and logistic support services including construction, architectural design, food service, furnishings and maintenance and operation services with a primary focus on US federal facilities. The company operates out of six offices throughout the United States with support facilities in Europe and Asia.

As an established Service-disabled Veteran-owned Small Businesses (SDVOSB), CMARK has built a strong franchise to meet the federal procurement opportunity represented by the Veterans Benefits Act of 2003 (Public Law 108-183) which requires U.S. government agencies and prime contractors to earmark three percent of all federal procurement dollars to high quality SDVOSB firms. For more information, visit http://www.cmark.org.

Forward-looking statements:

Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. 

Contact Information

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