TIANJIN, China, Sept. 17 /Xinhua-PRNewswire-FirstCall/ -- Yayi International Inc. (''Yayi Intl.'' or the ''Company'') (OTC Bulletin Board: AHLN) today reaffirmed its commitment to product quality and safety, and will strictly control all the operational procedures to make sure that no contaminated infant formula milk powder products will be provided by the Company. This announcement is triggered by the event in China that the infant formula milk powder produced by ''Sanlu'', the best selling Chinese milk brand, was contaminated with melamine. As a result, more than one thousand children who have taken the contaminated milk powder have contracted kidney illnesses, including two deaths.
In the latest report published by China's Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) on September 16, 2008, it was revealed that the infant formula milk powder products of 22 dairy manufacturers (website of the list attached below) were tested and found contaminated by melamine. Meanwhile, another 87 dairy manufacturers inspected were announced safe. Among the 87 manufacturers, the Company's wholly invested subsidiary, Tianjin Yayi Industrial Co., Ltd., was listed as the 78th (website of the list attached below).
List of the 22 product-contaminated manufacturers:
http://www.aqsiq.gov.cn/zjxw/zjxw/zjftpxw/200809/t20080916_89958.htm
List of the 87 product-safe manufacturers:
http://www.aqsiq.gov.cn/zjxw/zjxw/zjftpxw/200809/t20080916_89958.htm
Ms. Liu Li, the Chairlady and Chief Executive Officer of Yayi Intl., stated: ''Product quality and safety have always been the concern of Yayi, and the safety and health of consumers have always been at the forefront of our minds. In our production process, we have been applying in-house standards which are higher than the national standards. We have also continued to improve our in-house standards along with our development. As a manufacturer of infant formula milk powder products, we are very clear and serious about the social commitments we are undertaking, and we have been committed to both the production and distribution of our products.''
The 22 manufacturers disclosed as contaminated include most of the top ten dairy manufacturers in China, which are all encountering credit crisis. Meanwhile, Yayi Intl.'s pass of the inspection has provided a permit for Yayi Intl. to grab more market share in China's infant formula milk powder market. Ms. Liu Li stated: ''After the event of melamine contamination, the market demand for our products is growing and a special opportunity for development is in front of us. We will stick to our high product quality and provide consumers with more reliable products.''
Forward Looking Statements:
Certain statements in this release and other written or oral statements made by or on behalf of the Company are ''forward looking statements'' within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties. For further information regarding these risks and uncertainties and the transaction described in this press release, see Ardmore's Current Report on Form 8-K filed with the SEC on June 12, 2008 and in particular, the section entitled ''Risk Factors''. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.
For more information, please contact:
In Tianjin, China
Wayne Wu
TianJin Yayi Industrial Co., Ltd
Tel: +86-22-2798-4033 x8011
Email: shuker_5@163.com
SOURCE Yayi International Inc.
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