Great Wall Builders Ltd. Announces Merger & Acquisition Initiatives
HOUSTON, TX, Jul 06 (MARKET WIRE) --
Great Wall Builders Ltd. (OTCBB: GWBU) (www.greatwallbuilder.com), a
publicly traded company, is pleased to announce that we have entered into
a LETTER OF INTENT with Yunnan Zhoungyou Group Ltd., for merger and
acquisition initiatives on July 1st, 2009.
"We are pleased to have this opportunity to explore serious merger and
acquisition initiatives with Yunnan Zhoungyou Group Ltd., a company with
popular building products and strong revenue growth in China," said Tian
Jia, CEO.
About Great Wall Builders Ltd.
Great Wall Builders Ltd. provides solar integrated system homes in Texas.
Growth and expansion opportunities have also been identified in other
regions of the United States, as well as in China.
(www.greatwallbuilder.com)
About Yunnan Zhoungyou Group Ltd.
Yunnan Zhoungyou Group Ltd., is one of the largest building material
manufacturers with more than 100 acres of manufacturing facilities and
more than 500 employees in Yunnan Province, People's Republic of China.
Yunnan Zhoungyou Group Ltd, consists of four subsidiaries that specialize
in different aspect of manufacturing and marketing arms for Yunnan
Zhoungyou Group Ltd.; manufactured building products includes but not
limited to heavy-duty steel frame materials, fabricated steel and
aluminum products, custom designed steel support structures, steel frame
structures for public bridges and large scale construction projects.
Financial data released from Yunnan Zhoungyou Group Ltd. has shown its
assets have already reached US$11 million, with revenue well over US$11
million in 2006. (www.ynzhongyou.com)
"Safe Harbor" statement under the Private Securities Litigation Reform Act
of 1995:
This news release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Factors that
could cause actual results to differ materially from expectations include
(1) Independent audit reports submitted by Zhoungyou Group Ltd. (2) Due
diligence (3) Other merger and acquisition candidates that could
substituted for Zhoungyou Group Ltd., at the sole discretion of Great Wall
Builders Ltd. Other factors as those discussed in the company reports
filed with the Securities & Exchange Commission from time to time. In
addition, the company disclaims any obligation to update any
Forward-looking statements to reflect events or circumstances after the
date hereof.
No Securities regulatory authority has either approved or disapproved the
contents of this news release.
Media Contact:
Tian Jia
CEO, CFO
Great Wall Builders Ltd.
(www.greatwallbuilder.com)
Tel: 281-575-0636 Fax: 281-575-6983
Email: tianjia816@yahoo.com
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