SOURCE: Yasheng Group

Yasheng Group

February 26, 2014 08:00 ET

Yasheng Group Completes First Industrial Hemp Shipment to the United States

REDWOOD CITY, CA--(Marketwired - Feb 26, 2014) - Yasheng Group (OTCQB: HERB), a high-growth diversified China-based agricultural conglomerate with U.S. headquarters in Redwood City, California, today announced that it has successfully completed its first shipment of hulled hemp seeds to the United States.

The delivery marks an important step in an agreement made last year between Hemp Inc. of Las Vegas, Nevada and Yasheng to contract farm approximately 600 mu of hemp in China for import to the U.S. Yasheng is currently preparing to ship the remaining output of the crop in the form of fiber, chaff and hulled seeds. The two companies are currently negotiating a new contract for the 2014 planting season.

Yasheng is expanding its industrial hemp production in response to growing worldwide demand for the crop based on the high nutritional value of the seeds and the antimicrobial properties of the plant's fiber. Hemp production is also increasingly attractive due to the lack of need for pesticides or herbicides, and the relatively small amount of water and fertilizer required for cultivation.

According to The Hemp Industries Association, 2012 retail sales for hemp products in the US exceeded $500 million. It is estimated that there are more than 25,000 products on the global market today made from hemp materials.

In February of 2014, Yasheng established Hemp Route Limited, a subsidiary created to manage the international distribution of its hemp products.

Yasheng Group

Yasheng Group, founded over 30 years ago, is a US holding company that conducts primarily agricultural operations in the Northwest of China. Today it is one of China's leading producers and marketers with six major product segments including field crops, vegetables, fruit, specialty crops, hops, hemp, seeds, beef and poultry. Yasheng is a supplier of high-quality agricultural products to world-famous conglomerates such as McDonald's, KFC, Tsingtao Beer, and Pepsi. The company is led by a highly qualified management team and has total assets of approximately $2 billion, over 15,000 employees, and a history of strong sales and earnings growth. Please visit our website and register to receive future press releases directly.

Safe Harbor Statement

Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are discussed in the company's various filings with the Securities and Exchange Commission. The company assumes no obligation to update these forward-looking statements.