News... American Lorain Corporation Announces Name Change From Millennium Quest, Inc.
Tuesday July 24, 4:20 pm ET
JUNAN COUNTY, Shandong Province, China, July 24 /Xinhua-PRNewswire/ -- Millennium Quest, Inc., a Delaware corporation (OTC Bulletin Board: MLQT.OB - News), a leading China-based food processing company engaged in the development, manufacture and sale of food products worldwide, announced it has changed its name to American Lorain Corporation, a Delaware corporation ("American Lorain") effective July 17, 2007. The company has also changed its ticker symbol to (OTC Bulletin Board: ALRC.OB - News), effective July 25, 2007. The Company will continue to develop, manufacture and sell its food products through its subsidiaries under the brand name "Lorain Foods."
American Lorain is a U.S. public company that operates through its four indirect subsidiaries, two in Junan County, one in Luotian Hubei Province and one in Beijing, China. American Lorain is a leading food processing company engaging in the development, manufacture and sale of food products worldwide. Formed in 1994, the company produces hundreds of varieties of food products, categorized into three interrelated divisions: chestnut products, processed food, including frozen, canned and packaged goods, and convenience foods, consisting of meals ready to eat (MRE) and ready to cook (RTC).
Mr. Si Chen, CEO of American Lorain commented, "The name change to American Lorain Corporation demonstrates the company's commitment to the U. S. capital market, in general, and specifically to our many shareholders in America. It also reflects our widely recognized Lorain brand name. We believe that this change will expand our already well-established international presence, while adding value to the growing brand equity found in the Lorain name."
