NSo

AJGH is flying now with recent news they put out Monday.... I knew it was just a matter of time!!!
Remember I said AJGH is NOT a Penny Stock!!
It's a Blue Chip In Disguise...

American Jianye Greentech Holdings Projects Record Revenue of $90 Million and Net Income of at Least $9 Million, or $0.29 Per Share, for 2010

Projects Over 800% Full Year Revenue Growth; Represents Price-to-Earnings Ratio of 2.5x Based on 2010 Guidance
Sep 13, 2010 7:05:00 AM 2010 GlobeNewswire, Inc.

NEW YORK and HARBIN, China, Sept. 13, 2010 (GLOBE NEWSWIRE) -- American Jianye Greentech Holdings, Ltd. (OTCBB:AJGH), a leading China-based developer, manufacturer and distributor of alcohol-based automobile fuels and civil-use fuels, including methanol, ethanol, and blended fuels, today provided guidance for the third quarter and 2010.

The company anticipates generating revenue of more than $25 million for the third quarter of 2010, compared to $2.2 million for the third quarter of 2009, reflecting the commencement of operations in September 2009.  The company anticipates third quarter 2010 net income of at least $2.5 million, or $0.08 per share, compared to $277,039 for the third quarter of 2009, before American Jianye had become a public company.

The company anticipates generating revenue of more than $90 million, compared to $9.7 million for 2009, reflecting the commencement of operations in September 2009.  The company anticipates 2010 net income of at least $9.0 million, or $0.28 per share, compared to $943,342, or $0.03 per share, in 2009.

Mr. Haipeng Wang, Chairman and Chief Executive Officer stated, "Our business continues to grow extremely rapidly, due to the fact that demand for alcohol-based clean fuel in China far outstrips supply.  Demand for these fuels is driven by several factors including the rising cost of gasoline and new environmental mandates.  Alcohol-based fuels cost less to manufacture, are lower cost to the consumer, and are more environmentally friendly than traditional unleaded fuels.  Moreover, our fuels have distinct advantages over other alcohol-based fuels as a result of our proprietary and patented catalysts.  Our advanced technology allows us to produce high-quality alcohol-based clean fuel, and has led to customer recognition and loyalty.  Given these factors and the strong support from the government, we believe we are extremely well positioned to rapidly gain market share.  As a result, we are confident in our ability to achieve net income of at least $0.29 per share in 2010, which based on our current stock price, represents a price-to-earnings ratio of 2.5x our 2010 guidance."

About American Jianye Greentech Holdings

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

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