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Vortex Resources Corp.: Vortex Resources Establishes Arrangement With UFX Bank to Address an Estimated Annual Currency Translat

^{Published on 2009-05-28 06:19:28, Last Modified on 2009-05-28 06:20:24 - Market Wire}
 

BEVERLY HILLS, CA--(Marketwire - May 28, 2009) - Vortex Resources (OTCBB: [ VXRC ]) (Equity, ISIN US92905M2035, WKN A0RLEK, HTE2) has developed a strategy with UFX Bank, through an arrangement with a third party, to provide export currency hedging for Yasheng Group ("Yasheng"). Yasheng currently exports worldwide and trades goods in multiple currencies. Yasheng currency translations for 2008, per its audited financials, were over $87 million and have accumulated $238,919,350 since 2006. As a result, Vortex, through the above described arrangement, is currently developing a hedging program to minimize Yasheng's exposure to wide fluctuations in currency.

About UFX Bank:

UFX Bank is a currency trading institution that is a client centered operation with the capability to create customized solutions for their clients. UFX Bank trades in multiple currency exchanges including U.S. Dollars, Canadian Dollars, Euros, Pounds Sterling, Japanese Yen, among others.

About Yasheng Group:

The Yasheng Group is a diversified industrial conglomerate incorporated in California, operates in hi-tech agriculture, salt chemistry and biological technology as its core Business with advantages in rich land, mineral resources, capital and technology reserves.

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, with total assets of approximately $1.5 billion USD and over 15,000 employees.

About Vortex Resources:

Vortex Resources Corp. (OTCBB: [ VXRC ]) (Equity, ISIN US92905M2035, WKN A0RLEK, HTE2) is a publicly traded independent emerging resources company.

The Company's business has been 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's competencies include financial services, mergers and acquisitions, accounting, real estate development, and natural resources exploration. The Company is currently in the process of developing a logistics center. As part of its strategy to develop a logistics center, the Company has entered a term sheet with Yasheng Group in which Yasheng Group, among other things, has agreed to contribute real property for the development of a logistics center. Further, the Company and Yasheng Group have jointly entered into a cooperation agreement with Legend Transportation based in Texas. As a result of the above, the Company is in the process of changing its name to Yasheng Eco-Trade Corporation.

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.