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Vortex Resources Corp.: Vortex Resources Announces YaSheng Group's Release of Audited Financial Statements

^{Published on 2009-02-03 07:57:02, Last Modified on 2009-02-03 07:57:36 - Market Wire}
 

BEVERLY HILLS, CA--(Marketwire - February 3, 2009) - As disclosed by the Company on January 20, 2009, Vortex Resources Corp. (OTCBB: [ VTEX ]) (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 Peoples Republic of China, for the development of a logistics centre and eco-trade cooperation zone in California. In addition, YaSheng has the option to merge other assets into the Company as well.

On January 30, 2009, YaSheng released its annual audited 2006 and 2007 financial statements, which can be found via the following link:

[ http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=19228 ].

If YaSheng elects to merge additional assets into the Company, the fact that it already has audited financial statements will provide all parties with greater flexibility in closing a proposed transaction, if any.

The above described transactions with YaSheng are subject to the drafting and negotiation of a final definitive agreement, performing due diligence as well as board approval of the Company. As such, there is no guarantee that the Company will be able to successfully close the above transaction.

Vortex is an emerging resources company with current operations in West Texas and Beverly Hills, California. The Company's focus is on the acquisition, exploration, and development of undervalued assets. 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.