American Dairy Enhances U.S. Presence and Announces January Investor Conference Participation
December 21 2006 - 1:36PM
PR Newswire (US)
BEIJING, Dec. 21 /PRNewswire-FirstCall/ -- American Dairy, Inc.
(NYSE Arca: ADY), one of the leading producers and distributors of
milk powder and soybean products in China, today announced plans to
enhance the Company's presence in the U.S. American Dairy listed on
the NYSE Arca exchange in April 2005 and currently operates out of
its offices in Harbin and Beijing, China. To improve communication
with auditors, legal counsel, regulatory bodies and investors,
American Dairy expects to open an office in the U.S. during the
first half of 2007. "As a publicly traded U.S. listed company, we
recognize the need to devote the appropriate time and resources to
maintain a presence on the ground in the U.S. While our operations
remain in China, we have a responsibility to our shareholders to be
accessible, and we are confident that having a staffed office in
the U.S. will allow us to better manage the accounting and
regulatory requirements of a company participating in the U.S.
capital markets," stated Roger Liu, Chief Financial Officer of
American Dairy, Inc. In accordance with today's announcement,
American Dairy has hired Judy F. Tu in the role of Vice President
of U.S. Operations. Bilingual in English and Mandarin, Ms. Tu
brings to American Dairy a wealth of knowledge and experience in
operating Chinese companies as well as a background in U.S. law. In
2006, Ms. Tu received her J.D. from Loyola Law School and is a
licensed attorney in the State of California. Prior to attending
law school, Ms. Tu served as President of Fuki America Inc.
("Fuki"), where she was involved in the production, transportation,
marketing and sales of products in China. Before joining Fuki, Ms.
Tu was the Senior Director of International Affairs at American
Utilities Services, where she completed a joint venture agreement
to build power plants for the Jinzhou Economic & Technological
Development Zone in Liaoning province in China. Additionally, today
the Company announced participation in two investor conferences in
January 2007: The ICR XChange Investor Conference and the Brean
Murray Carret & Co. One on One Winter Consumer Conference.
American Dairy will present at the Ninth Annual ICR XChange
Investor Conference at the St. Regis Monarch Beach Resort & Spa
in Dana Point, California, on January 11, 2007. Roger Liu, Chief
Financial Officer and Judy Tu, Vice President of U.S. Operations
will present to investors at 2:45 p.m. PT and will host group
meetings with investors beginning at 11:00 a.m. PT that day.
Listeners may access a live webcast of the presentation by visiting
the ICR XChange webcast link at
http://www.icr-online.com/xchange/x9/attendee/webcast.htm. Please
check the website in advance to confirm the Company's presentation
time. For more information on the Ninth Annual ICR XChange, or to
meet with American Dairy at the conference, please contact ICR at
203 682 8200. Additionally, American Dairy will attend the Brean
Murray Carret & Co. One on One Winter Consumer Conference on
January 25, 2007 at the Grand Hyatt Hotel in New York City. Roger
Liu, Chief Financial Officer and Judy Tu, Vice President of U.S.
Operations, will meet individually with investors throughout the
day. For more information about the One on One Winter Consumer
Conference, please contact your Brean Murray Carret & Co. sales
representative. About American Dairy, Inc. American Dairy, Inc.
conducts operations in The People's Republic of China ("China")
through its wholly owned subsidiary, Feihe Dairy. Founded in 1962,
Feihe Dairy is one of the leading producers and distributors of
milk powder and soybean products in China. Feihe Dairy is located
in Kedong County, China, and has been in operation since 2001.
American Dairy also has a milk powder processing plant, BaiQuan
Feihe Dairy in Kedong County, and also has a milk powder processing
plant in the city of QiQiHaEr, Heilongjiang Province.
http://www.feihe.com/ Certain of the statements made herein
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
typically involve risks and uncertainties and may include financial
projections or information regarding our future plans, objectives
or performance. Actual results could differ materially from the
expectations reflected in such forward-looking statements as a
result of a variety of factors, including the risks associated with
the effect of changing economic conditions in The People's Republic
of China, variations in cash flow, reliance on collaborative retail
partners and on new product development, variations in new product
development, risks associated with rapid technological change, and
the potential of introduced or undetected flaws and defects in
products, and other risk factors detailed in reports filed with the
Securities and Exchange Commission from time to time. DATASOURCE:
American Dairy, Inc. CONTACT: INVESTOR RELATIONS: Ashley M. Ammon,
of Integrated Corporate Relations, Inc., +1-203-682-8200, for
American Dairy, Inc. Web site: http://www.americandairyinc.com/
http://www.feihe.com/
http://www.icr-online.com/xchange/x9/attendee/webcast.htm
Copyright