AMG Bioenergy Resources Holdings Ltd. Announces Change in Year-End
April 28, 2014 (Source: Marketwired) — AMG Bioenergy Resources Holdings Ltd. (the “Company”) (TSX VENTURE:ABG), a Canadian publicly traded company, announces it has changed its fiscal year-end to May 31 from the current fiscal year-end of February 28. The change in the year-end has been made to better align the Company’s financial reporting and tax planning with its business planning. The Company will have a 15 month transition year ending May 31, 2014.
Information Regarding the Company
The Company has been active in research and development of bio-fuel feedstock and biodiesel conversion with the intent of developing a business producing jatropha as a bio-fuel feedstock in the People’s Republic of China and other parts of Asia. The Company is also active in the management of its Jatropha and Eucalyptus plantations in the People’s Republic of China. Further the Company intends to provide certain project management services with respect to the development of a resort condominium residence in Hainan island in the People’s Republic of China. However, such project management services are subject to certain conditions being satisfied, all as more particularly described in the Company’s News Release dated April 01, 2014.
ON BEHALF OF THE BOARD
Lee Shoong Lim, Managing Director
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This news release may contain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information. Forward-looking information addresses future events and conditions and therefore, involves known and unknown risks and uncertainties, and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements.