Vortex Resources Commences Process of Name Change to Yasheng
Eco-Trade Corporation
BEVERLY HILLS, CA--(Marketwire - May 20, 2009) - Vortex Resources
Corp. (the "Company") (OTCBB: VXRC) is pleased to announce that it
has commenced the process to change its name to Yasheng Eco-Trade
Corporation. As disclosed by the Company in January 2009, the Company
entered into a Term Sheet (the "Term Sheet") with YaSheng Group
("YaSheng"), a group of companies engaged in the agriculture,
chemicals and biotechnology businesses in the People's Republic of
China, for the development of a logistics center and eco-trade
cooperation zone in the United States. Pursuant to article 4 of the
Term Sheet, the Company has agreed to change its name to Yasheng
Eco-Trade Corporation. This change represents a significant step
forward in the Term Sheet.
About YaSheng Group:
The YaSheng Group is a diversified industrial conglomerate
incorporated in California, which operates in a group of companies
engaged in the agriculture, chemicals and biotechnology businesses in
the People's Republic of China.
Through three major industries, Agriculture, Chemical, and
Biotechnology, the company's operating categories include: chemical
engineering, agricultural production, biotech, pharmaceuticals,
textile products, printing and dyeing, commercial trading, beverages
and inorganic salt manufacturing.
About Vortex Resources Corp.
Vortex Resources Corp. (OTCBB: VXRC) is a publicly traded company
with a strategy that is focused on the identification and acquisition
of undervalued assets within emerging industries for the purpose of
consolidation and development of these businesses and sale if
favorable market conditions exist. The Company's objective is to
find, acquire and develop resources at the lowest cost possible and
recycle its cash flows into new projects yielding the highest returns
with controlled risk. The company competencies include financial
services, mergers and acquisitions, accounting, real estate
development, and natural resources exploration. The company was
established in 1972 and is headquartered in Beverly Hills,
California.
Further information concerning Vortex Resources Corp. can be found on
the corporate website: http://www.vortexrc.com
Forward-Looking Statements:
Certain statements contained in this press release are
forward-looking statements that involve risks and uncertainties. The
statements contained herein that are not purely historical are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities
Exchange Act of 1934, as amended.
Contact:
Vortex Resources Corp.
310-461-3559
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.