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New Zealand Wayne's New Resources Development Co., Ltd. Completes Reverse Merger to Go Public in the U.S.
Date:12/30/2008

HARBIN, China, Dec. 30 /PRNewswire-Asia-FirstCall/ -- YzApp International Inc. (the "Company" or "YzApp") (OTC Bulletin Board: YZPI) announced that it has successfully closed a share exchange transaction with the shareholder of New Zealand WAYNE's New Resources Development Co., Ltd., a British Virgin Islands corporation ("New Resources"). YzApp will operate through its consolidated indirect Chinese subsidiaries to execute upon the current business plan of those subsidiaries.

In the share exchange transaction, New Resources' shareholder was issued 689,390 shares of the Company's Series A Voting Convertible Preferred Stock in exchange 100% of the issued and outstanding shares of New Resources. On an as- converted to common stock basis, the shares of Series A Voting Convertible Preferred Stock received by the shareholder of New Resources represent approximately 94% of the total issued and outstanding capital stock of the Company.

As a result of the share exchange transaction, New Resources has become a wholly-owned subsidiary of the Company. Ms. Lianyuan Han was appointed to the Board of Directors of the Company and the Company's executive officers were replaced by the executive officers of New Resources and its subsidiaries upon the closing of the share exchange. The Company's shares are listed on the Over-the-Counter Bulletin Board ("OTCBB") under the symbol, YZPI.OB.

    The Company plans to amend its Articles of Incorporation to:

     -- change the name of the Company to Shuaiyi International New
        Resources Development Inc.;
     -- increase its authorized common stock to 190,000,000 shares; and
     -- effectuate a 1-for 114.59 reverse stock split of the Company's
        outstanding shares of common stock.

After the amendment of the Company's Articles of Incorporation, which is expected to become effective in or about January 2009, the outstanding shares of
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SOURCE YzApp International Inc.
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