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Apr 13/09 -- Yanglin Soybean, Inc. (OTC Bulletin Board:
YSYB "Yanglin" or the "Company"), a leading producer and processor of
high-quality, non-genetically modified (non-GM) soybean products in China, today
reported audited financial results for the fourth quarter and year ended
December 31, 2008. Yanglin prepares its financial statements in accordance with
generally accepted accounting principles (GAAP) of the United States.
Full year 2008 Revenues increased 61.5% to $250.7 million,
exceeding its guidance of $240 million.
"We are excited to report another year of solid financial results that
reflect our position as a leading processor of soybean products in China. During
the year, we increased our soybean processing volume to capture additional sales
opportunities, as all three main products experienced significant year-over-year
growth," commented Mr. Shulin Liu, CEO of Yanglin Soybean.
"Despite the current economic environment, we expect the overall market
fundamentals of the Chinese soybean industry to remain generally stable. The
economic stimulus package proposed by the Chinese government should have a
positive impact on the overall health of the domestic economy.
About Yanglin;
Yanglin Soybean, Inc. is a leading non-genetically modified (non-GM) soybean
processor in China. The Company manufactures soybean oil, salad oil and soybean
meal with an annual processing capacity of 520,000 metric tons in 2008. The
Company's products are sold directly to its customers or through distributors.
Majority of Yanglin Soybean's customers are located in Northern China.
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