Chinese Investors Take Control of Maui General Store - 500 Beiträge pro Seite

[V51]

m2x


B: Chinese Investors Take Control of Maui General Store ( PrimeNe
swire )
B: Chinese Investors Take Control of Maui General Store ( PrimeNewswire )

NEW YORK, Jun 9, 2008 (PrimeNewswire via COMTEX) --
Maui General Store, Inc. (OTCBB:MAUG) announced today that Fu Qiang and Su
Jianping have acquired 90 million shares of MAUG's common stock, representing
64% of the outstanding shares. Messrs. Fu and Su purchased the shares from
Richard Miller. In connection with the acquisition, Fu Qiang replaced Mr.
Miller as MAUG's Chief Executive Officer and Chief Financial Officer.

Fu Qiang is the Chief Executive Officer of Heilongjiang Hairong Science &
Technology Co., Ltd. ("Hairong"). The share purchase agreement among Messrs.
Miller, Fu, Su and MAUG provides that within the next thirty days MAUG will
acquire control of Hairong.

Since 1999, Hairong has been engaged in design and implementation of
information technology networks and software development. It is a high-tech
private company, which integrates IT industry, IP science and research,
manufacturing and marketing. Hairong also hosts a financial information
website to provide stock analysis and brokerage services. The Trans-World
finance website, a large subordinate site, offers comprehensive and
professional information services in stock exchange and worldwide financial
information.

Hairong operates its businesses primarily in The People's Republic of China,
with its headquarters in Harbin City, Heilongjiang Province. Hairong also has
offices in New York City.

Richard Miller, past President of Maui, commented: "After careful
consideration of many merger candidates, Hairong offers the greatest value to
our shareholders. With Hairong's significant ongoing business and huge growth
potential with the opportunities in the Chinese market, the merger will be an
exciting opportunity for the company to grow exponentially."

The statements made in this press release, which are not historical facts,
contain certain forward-looking statements concerning potential developments
affecting the business, prospects, financial condition and other aspects of
the company to which this release pertains. The actual results of the
specific items described in this release, and the company's operations
generally, may differ materially from what is projected in such
forward-looking statements. Although such statements are based upon the best
judgments of management of the company as of the date of this release,
significant deviations in magnitude, timing and other factors may result from
business risks and uncertainties including, without limitation, the company's
dependence on third parties, general market and economic conditions,
technical factors, the availability of outside capital, receipt of revenues
and other factors, many of which are beyond the control of the company. The
company disclaims any obligation to update information contained in any
forward-looking statement.

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: Maui General Store
Hairong
Helen Huo, Deputy Manager
212-931-2752
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
*** end of story ***

[Mick1968]

Antwort auf Beitrag Nr.: 34.266.645 von V51 am 09.06.08 13:41:20

Wieviele aktien gibts von dennen ??????????????????????????

[sauerback]

Antwort auf Beitrag Nr.: 34.267.163 von Mick1968 am 09.06.08 14:57:56

July 16, 2007 Common Voting Stock: 140,000,000 outstanding

109,639,635 shares are restricted

with a 30 million share float

[Mick1968]

Antwort auf Beitrag Nr.: 34.267.244 von sauerback am 09.06.08 15:10:28

Danke