provided to the affiliated retail stores or companies to facilitate the
initial establishment of their businesses for selling the Company's
products. These loans are interest free and unsecured and are due upon
demand. The Company expects to collect most of the outstanding loans in
the next few months. An allowance for doubtful accounts in the amount
of $347,702 was recorded for the year ended December 31, 2007.
As of March 31, 2008, the $347,702 write down was collected and
approximately $1,980,189 of the $2,037,551 (or 97.18%) loans receivable
has been fully collected.
The conference call will take place at 9:00 a.m. Eastern Standard Time, on Monday, March 31, 2008. Anyone interested in participating should call 1-800- 762-8779 if calling within the United States, or 1-480-248-5081 if calling internationally, approximately 5 to 10 minutes prior to 9:00 a.m. There will be a playback available until April 8, 2008. To listen to the playback, please call 1-800-406-7325 if calling within the United States, or 1-303-590-3030 if calling internationally. Please use pass code 3861152 for the replay.
This call is being webcast by ViaVid Broadcasting. The webcast may be accessed at ViaVid's Web site at http://www.viavid.net .
The Company filed its annual report on Form 10K-SB on March 28, 2008.
About China Yingxia International, Inc.
China Yingxia International, Inc., through its 100%-owned subsidiary,
Harbin Yingxia Industrial Group Co., Ltd. ('Yingxia'), is primarily engaged
in the development, production and sales of health food products in China.
Yingxia is located in the Province of Heilongjiang in mainland China.
Yingxia's products include soybean-based foods and drinks, longgu golden
millet enriched products, cactus-based herbal supplements, personal ca
|SOURCE China Yingxia International, Inc.|
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