New York, NY (1888PressRelease)
April 25, 2009 - Deqiang Lumber Manufacturing, Inc. ("Deqiang"), a leading provider of wood flooring and lumber related products, environmental friendly flooring and optimization flooring to worldwide companies in the global market, commodities and contractor markets, today announces that it has signed a letter of intent with Wilshire Financial Service Inc (“Wilshire Company”), a nationally recognized leader in the marketing and foreign acquisitions.
Deqiang, opening a new chapter in North America with Wilshire Company, which will provide buyers and manufacturers with up-to-the-minute market information about lumber transactions, flooring, and oversea inventory. The robust service will help Deqiang to acquire funding through Wall street, private investors, investment institutions, and Wilshire Financial will assist listing Deqiang on the public market OTC-Bulletin Board.
In addition, Deqiang and Wilshire Company will provide seamlessly integrated end-to-end solutions in sales, oversea management, and logistics for managing the overall sales by combining a comprehensive integrated risk accounting and compliance reporting solution with traditional solutions for managing physical trading and scheduling.
Deqiang President, Mr. Wu said, "This joint venture creates tremendous opportunity for us and our clients who will benefit from the combined public capital, market intelligence and product capability of Deqiang and Wilshire Company.
About Deqiang Lumber Manufacturing Inc
The Company is the one of the major manufacturer in Northern China of wood surface alternative products, which is marketed under the brand name Deqiang. Deqiang lumber is a wood/plastic composite that offers an attractive appearance and the workability of wood without wood's on-going maintenance requirements or functional disadvantages. Deqiang is manufactured in a proprietary process that combines refined wood, waste wood fibers and reclaimed polyethylene and is used primarily for residential and commercial flooring. The Company promotes Deqiang among consumers and contractors as a premium flooring product.
Safe Harbor Statement
This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements express our current expectations or forecasts of possible future results or events, including projections of future performance, statements of management's plans and objectives, future contracts, and forecasts of trends and other matters. These projections, expectations and trends are dependent on certain risks and uncertainties including such factors, among others, as growth in demand for education services, smooth and timely implementation of new training centers and other risk factors listed in the company's Annual Report on Form 10K for the fiscal year ended December 31, 2008.
Forward-looking statements speak only as of the date of this filing, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. You can identify these statements by the fact that they do not relate strictly to historic or current facts and often use words such as ``anticipate,'' ``estimate,'' ``expect,'' ``believe,'' ``will likely result,'' ``outlook,'' ``project'' and other words and expressions of similar meaning. No assurance can be given that the results in any forward-looking statements will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.
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