E-Malt.com News article: China: Sabre Industrial, Inc. officially becomes Tsingyuan Brewery Ltd.

Sabre Industrial, Inc., a Shandong-based leading manufacturer and distributor of brewer's malt and beer throughout northern and eastern China, announced on January, 19 that FINRA has authorized it to change its name and ticker symbol effective at the open of trading on the same day.

The company is now officially named Tsingyuan Brewery Ltd. and will trade on the OTCQB under the new symbol "BEER."

Dingyou Zhang, Chairman and Chief Executive Officer, commented, "We are very pleased to complete our name change to Tsingyuan Brewery Ltd. and adopt a new stock ticker in the U.S., 'BEER,' reflecting the nature of our business. We look forward to executing on our business plan in 2011 following our strong performance in 2010. Most recently, we announced a 388% increase in revenue to $18.5 million for the third quarter of 2010, which exceeded our combined sales for the entire first half of 2010. We attribute this strong performance to both increased market share, and rapid growth within the Chinese beer industry due to increased discretionary consumer spending, especially in the second and third-tier cities."

Tsingyuan Brewery Ltd., located in Shandong province, is a leading manufacturer and distributor of brewer's malt and beer throughout northern and eastern China. Tsingyuan Brewery Ltd. has two business lines: brewing malt and beer production. The company's malt is currently shipped to brewers in ten provinces across China. The beer products are distributed throughout six provinces, and are well-renowned for their high quality yet affordable price.

Tsingyuan Brewery Ltd. promotes nine products under its trademarked brand names "Qinglin," "Qingyi," and "Qingyuan."


21 January, 2011