The Company's principal business is providing financial support and services - primarily in the form of surety guarantees or short-term loans - to privately owned small and medium sized enterprises in China ("SMEs") when they seek access to capital or to be acquired by a United States reporting company. In a typical transaction, the Company provides surety guarantee services that seek to reduce or eliminate the financial risks associated with the substantial expenses an SME incurs in pursuing a merger or other transaction with a U.S. reporting company or otherwise seeking entry into the U.S. capital markets system.
The Company is a Utah corporation with its principal place of business in New Jersey; however, the Company provides its services through its wholly-owned subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation ("SHY"), which is located in the Shenzhen region of China. Shenzhen has been designated as one of the three high-tech development centers, along with Shanghai and Beijing, and, with a population of about 53 million, Shenzhen has become a manufacturing and exporting center in China, specializing in technology. We believe that SHY's location in this fast growing region of China presents the Company with unique opportunities for the development of its business.
