DALLAS, TEXAS : StockGuru announces that American Jianye Greentech Holdings Inc. (OTCBB: AJGH) is in the StockGuru Spotlight. American Jianye Greentech Holdings, headquartered in Harbin, China, is a leading developer, manufacturer and distributor of alcohol-based fuel. The company’s alcohol-based fuels burn with higher efficiency and significantly lower toxic waste emissions than unleaded gasoline. The unique combination of catalysts in the fuel enhance fuel octane rating and engine power, inhibit the premature oxidation of the fuel, help remove sediment in the carburetor, and prevent the erosion of the engine cylinder surface.
On Friday, the company put out news announcing financial results for the three and six months ended June 30, 2010. Mr. Haipeng Wang, Chairman and Chief Executive Officer, stated, “We are extremely pleased to announce record revenue and net income for the second quarter of 2010. Our revenue increased sequentially by 138% versus the first quarter of 2010. We attribute this improvement to our expanded sales and marketing initiatives and growing demand for methanol-based and ethanol-based fuels. Our alcohol-based fuels burn with higher efficiency and significantly lower toxic waste emissions than unleaded gasoline. Additionally, due to the lower costs of the raw materials used in the manufacturing process, the cost of these fuels is, on average, about 20-30% less than comparable unleaded gasoline in China.”
Shares for American Jianye Greentech Holdings Inc. (OTCBB: AJGH) were steady during the afternoon of trading on Friday and closed with no change at closing.
To view our StockGuru Spotlight on American Jianye Greentech Holdings Inc. (OTCBB: AJGH), please visit: http://www.stockguru.com
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