Asia Bio-Chem Group Corp. release of fourth quarter and fiscal 2009 results

TSX Venture: ABC

TORONTO, March 3 /CNW/ - Asia Bio-Chem Group Corp. (TSXV: ABC) ) today announced that it will release its fourth quarter and annual 2009 results on March 26th, 2010 at approximately 8 am eastern standard time. The Company will also hold a conference call to discuss its quarterly results hosted by Mr. Zhiping Wang, President and C.E.O, Mr. Robert Wilson, Executive Vice President, and Ms. Elaine Zhao, Chief Financial Officer. Details regarding the call are as follows:

    
          Date:             Friday, March 26, 2010

          Time:             10:00 a.m., Eastern Time

          Dial in number:   1-888-231-8191  or  647-427-7451

          Taped Replay:     1-800.642.1687 or 416.849.0833 (available until
                            April 9th, 2010)

          Replay Pass Code: 59455725
    

About Asia Bio-Chem Group

Asia Bio-Chem Group, through its wholly-owned subsidiaries in the Peoples Republic of China ("PRC") is in the business of manufacturing cornstarch and related byproducts. From its plants in Liaoning and Heilongjiang Province, the Company has a total capacity of 900,000 tonnes of corn which is processed to produce cornstarch, corn germ, gluten and fiber per year for sale into the domestic Chinese market.

This news release contains certain statements that may be deemed "forward looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects,", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward looking statements, except as required by law, in the event that management's beliefs, estimates or opinions, or other factors, should change.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

SOURCE Asia Bio-Chem Group Corp.

For further information: For further information: For Corporate Information: Asia Bio-Chem Group Corp., Suite 2105 - 130 Adelaide Street West, Toronto, Ontario M5H 3P5, Attention: Robert Wilson, Tel: (416) 603-7500, e-mail: robert.wilson@asiabiochem.com

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Asia Bio-Chem Group Corp.

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