FUZHOU, China, March 19, 2012 /PRNewswire-Asia-FirstCall/ --
China Yida Holding Company (Nasdaq: CNYD) ("China Yida" or the
"Company"), a leading tourism and media enterprise in China, today warned investors as to inquiries
from certain entities.
Recently, the Company heard from a few shareholders that they
had received emails from some so-called merger management companies
who claimed that they are acting in connection with a take-over
deal. Shareholders were told these shareholders held common stock
positions being registered as InteliSys Aviation Systems, a former
entity of China Yida. Some investors were even offered very
attractive prices and were told that there were warrants attached
to these shares that had value. Please be advised that there
are no warrants attached to the shares. Shareholders were
also being requested to pay a documentation fee in advance in order
to facilitate a transaction.
China Yida's management is concerned that these are scams from
fraudulent entities. Although InteliSys Aviation Systems has the
origin of being the Company's public shell company, there are no
warrants attached to these InteliSys Aviation Systems shares.
Management encourages investors to validate their CNYD stock
positions first, by sending emails to ir@yidacn.net, and upon
receiving these suspicious mails, to be extremely cautious about
signing over shares or disbursing with any funds.
About China Yida
China Yida is a leading tourism and media enterprise focused on
China's fast-growing leisure industry and headquartered in
Fuzhou City, Fujian province of China. The Company
provides tourism management services and specializes in the
development, management and operation of natural, cultural and
historic scenic sites.
China Yida currently operates the Great Golden Lake tourist
destination (Global Geopark), Hua'An Tulou tourist destination
(World Culture Heritage) and China Yunding Park (National
Park). China Yida is also developing three additional tourism
projects, Ming Dynasty Entertainment World, China Yang-sheng (Nourishing Life) Tourism
Project and the City of Caves.
The Company's media business provides operations management
services including content and advertising management for the
Fujian Education Television Station ("FETV"), and "Journey through
China on the Train", an advertisement-embedded travel
program.
For further information, please contact the Company directly, or
visit its Web site at http://www.yidacn.net.
Forward-Looking Statements
Certain statements in this press release that are not historical
facts are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
may be identified by the use of words such as "anticipate,
"believe," "expect," "future," "may," "will," "would," "should,"
"plan," "projected," "intend," and similar expressions. Such
forward-looking statements, involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of China Yida Holding Co., Inc. (the
"Company") to be materially different from those expressed or
implied by such forward-looking statements. The Company's future
operating results are dependent upon many factors, including but
not limited to: (i) the Company's ability to obtain sufficient
capital or a strategic business arrangement; (ii) the Company's
ability to build and maintain the management and human resources
and infrastructure necessary to support the anticipated growth of
its business; (iii) competitive factors and developments beyond the
Company's control; and (iv) other risk factors discussed in the
Company's periodic filings with the Securities and Exchange
Commission, which are available for review at www.sec.gov.
Contact:
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|
China Yida
Holding
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CCG
Investor
Relations
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Jocelyn
Chen
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Crocker
Coulson, President
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Phone: +86
591 28082230
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Phone: +
(1) 646-213-1915
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Email:
ir@yidacn.
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Email:
Crocker.Coulson@ccgir.com
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SOURCE China Yida Holding Company