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SMALL BUSINESS
American Lorain Corporation Announces Change in State of Incorporation to Nevada
PR Newswire
JUNAN COUNTY,
China ,
Nov. 18 /PRNewswire-Asia-FirstCall/ -- American
Lorain Corporation (NYSE Amex: ALN), an international processed foods company
based in
Shandong Province ,
People's Republic of China , announced that it has
changed its state of incorporation from
Delaware to
Nevada , effective
November
12, 2009 .
The Company expects to save money as a result of the reincorporation,
since
Nevada requires no franchise taxes and does not levy a corporate income
tax. The provisions of the Nevada Revised Statutes and the existing case law
dealing with
Nevada corporations generally are considered favorable to
management. For details concerning the differences between
Delaware and
Nevada
law and other implications of the redomicile, please refer to the Definitive
Information Statement on Schedule 14C filed with the U.S. Securities and
Exchange Commission on
October 13, 2009 , and mailed to the Company's
shareholders.
The reincorporation will not result in any change in the Company's
business, management, assets or liabilities.
About American
Lorain Corporation
American
Lorain Corporation is a
Nevada corporation that develops,
manufactures and sells various food products. The Company's products include
chestnut products; convenience foods products (including ready-to-cook foods,
ready-to-eat foods, and meals-ready-to-eat); and frozen, canned and bulk foods
products. The company currently sells over 234 products to 26 provinces and
administrative regions in
China as well as to 42 foreign countries. The
Company operates through its four direct and indirect subsidiaries and one
leased factory located in
China . For more information about American Lorain,
please visit our website at
http://www.americanlorain.com .
Forward-Looking Statements
Statements contained herein that relate to the Company's future
performance, including statements with respect to forecasted revenues, margins,
cash generation and capital expenditures are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Such statements involve a number of risks, uncertainties and contingencies,
many of which are beyond our control, which may cause actual results,
performance or achievements to differ materially from those anticipated. Such
statements are based on current expectations only, and are subject to certain
risks, uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those anticipated, estimated or
projected. Among the factors that could cause actual results to materially
differ include: general business and economic conditions, particularly the
current downturn in the worldwide economy; our ability to obtain adequate
supplies of raw materials; our ability to manage our expansion strategy;
changes in foreign currency exchange rates; government regulation;
difficulties in new product development; changing consumer tastes in disparate
markets worldwide and our ability to address those changes; our ability to
attract and retain highly qualified personnel; and other factors affecting our
operations that are set forth in our Annual Report on Form 10-K for the year
ended
December 31, 2008 filed with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
For more information, please contact:
At the Company:
Alan Jin, CFO
American Lorain Corporation
Tel: +86-539-731-7959
Email: alanjin@americanlorain.com
Web: http://www.americanlorain.com
Investor Relations:
Jon Cunningham
RedChip Companies
Tel: +1-800-733-2447 x107
Email: info@redchip.com
Web: http://www.RedChip.com
SOURCE American
Lorain Corporation
2009-11-18 09:12:00
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