SAN DIEGO, Oct. 30, 2009 (GLOBE NEWSWIRE) -- Plaintiff George Sharp responds to Yasheng Eco-Trade's (YASHENG) press release of October 30, 2009. In its statement YASHENG infers that Mr. Sharp is not a former shareholder. Mr. Sharp assures that the evidence will show that Mr. Sharp was a shareholder exactly under the parameters detailed in the complaint. Furthermore, YASHENG falsely accuses Mr. Sharp of having tried "to settle the matter for a nominal fee." Mr. Sharp denies this accusation and will prove that it was, in fact, YASHENG representative, Darren Dunckel who telephoned Mr. Sharp just hours after the Company was served with the Summons. According to Mr. Sharp, Mr. Dunckel implied that the Company was prepared to pay Mr. Sharp $5,000 "to go away."
Mr. Sharp is a former Vortex Resources Corporation, now known as Yasheng Eco-Trade Corporation (OTCBB:YASH), shareholder who has filed a civil action for Fraud, Negligent Misrepresentation, Securities Fraud and violations of the California Business and Professions Codes 17200 (unfair Business Practices) and 17500 (False Advertising) against the Company. The Complaint was filed in the San Diego County Division of California Superior Court (Case No. 37-2009-00100574-CU-MC-CTL) on October 19, 2009 and served upon the Defendant on October 26, 2009.
Further information about this lawsuit and a copy of the complaint can be obtained at the website: www.sharp-v-yasheng.info