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Vortex Resources Corporation: Vortex Resources Commences Process of Name Change to Yasheng Eco-Trade Corporation


//science-technology.news-articles.net/content/2 .. ame-change-to-yasheng-eco-trade-corporation.html
Published in Science and Technology on Wednesday, May 20th 2009 at 1:22 GMT, Last Modified on 2009-11-02 12:26:34 by Market Wire   Print publication without navigation


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.


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