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American Dairy Moves Corporate Headquarters To China’s Capital: Beijing by
American Dairy, Inc. (OTCBB: ADIY - News), one of the leading producers and distributors of milk powder and soybean products in China, announces that they have moved their corporate headquarters to Beijing,China. In 2004 American Dairy relocated their corporate offices from Heilongjiang Province located in the North East region of China to Beijing. The strategic decision to move from the rural province into the urban city was motivated by one main reason; to improve the quality of American Dairy's personnel. Beijing, the capital of China, is known for its educational resources; many of China's top universities and high level vocational schools produce much of the country's most valuable workforce. "To reach our full potential and to operate more efficiently and effectively, we must equip ourselves with the best human resources available." explained Leng You-Bin, President/CEO.The new office is located in Beijing's Chaoyang District. Since the 1980s, 13,000 enterprises have settled in Chaoyang. It is home to more than 60 percent of the foreign business agencies in Beijing, over 3,000 foreign companies, 167 international news agencies, and two-thirds of the 158 of the global top 500 transnational companies that have invested in Beijing. (1) Chaoyang features highly developed culture and education. In 2000, the region registered 310 primary and secondary schools and 53 institutions of higher education. With a large number of State-class cultural facilities such as Beijing Workers' Stadium, the National Olympic Sports Center and the Capital Library, the district boasts rich cultural resources. The China International Exhibition Center, the China World Trade Center and the National Agricultural Exhibition Center hold various kinds of exhibitions each year, turning the district into a national exhibition and cultural center. (2)In order for American Dairy to continue growing as one of the leaders in the industry, the company must increase recognition of the ‘Feihe' brand. Immediately following the move to Beijing, American Dairy was able to strengthen the quality and size of their marketing and distribution teams. As a result, ‘Feihe' was able to enter into new provinces and reach more consumers. Other related companies located in Beijing, China include: Hormel Foods, Corp. (NYSE: HRL); Kraft Foods, Inc. (NYSE: KFT); Nestle (Zurich: NESN); Siemens AG (NYSE: SI); Nike, Inc. (NYSE: NKE) and Johnson & Johnson, Inc. (NYSE: JNJ).Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially 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 and service development, risks associated with rapid technological change, and potential of introduced or undetected flaws and defects in products and services and other risk factors detailed in forms filed with the Securities and Exchange Commission from time to time.(1) http://www.bjchy.gov.cn/english/asc.htm(2) http://www.bjchy.gov.cn/english/asc.htm.
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