American Dairy Inc Included in China Small Cap Index
American Dairy, Inc. (OTCBB:ADIY - News), one of the leading distributors and producers of milk powder, soybean powder and related dairy products, announces the Company is now included in the NAI China Small Cap Index as of November 22, 2004.
(PRWEB) December 4, 2004 -- American Dairy, Inc. (OTCBB:ADIY - News), one of
the leading distributors and producers of milk powder, soybean powder and
related dairy products, announces the Company is now included in the NAI China
Small Cap Index as of November 22, 2004.
NAI China Small Cap Index
consists of small capital companies whose major business is conducted in China
and common stock is publicly traded in North America. This index serves as an
indicator of a group of emerging growth Chinese companies.
The NAI China
Small Cap Index was created because of the rising business opportunities and the
growth potential in China. Many North American small capital sized companies
have moved their business to China due to changes in the global economy. China
will become the largest economic body in the world in the next decade.
Therefore, NAI would like to introduce this index to anyone in order to meet the
strong demand for investing in Chinese equity. Since this listing of Chinese
companies in North America continues to grow at a steady rate, this index would
provide the latest information for the investment community.
The NAI
Small Cap Index comprises 15 stocks that are in Technology, Life Sciences,
Resources, and Industrial sectors. To be eligible for selection, a company must
have market capital between US$5 million and US$500 million, with its principal
business based in China and its stock publicly traded in North America.
Selection for the Index is based on the company's financial performance, market
sector, and market turnover rankings and capitalization. The NAI Small Cap Index
is a subsidiary of NAI Interactive, Ltd., which provides a worldwide financial
platform for the Chinese investment community.
Some other companies also
listed on the NAI China Small Cap Index include: China Automotive Systems, Inc.
(NASDAQ:CAAS - News), American Oriental Bioengineering, Inc. (OTCBB:AOBO -
News), LJ International, Inc. (NASDAQ:JADE - News), Far East Energy Corporation
(OTCBB:FEEC - News), Euro Tech Holdings (NASDAQ:CLWT - News), APAC Minerals,
Inc. (TSXV:APC), and China Digital Wireless (OTCBB:CHDW - News).
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 at home and abroad, 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.
# #
#
Source : http://www.prweb.com/releases/2004/12/prweb185658.htm