AVENTURA, Fla., May 10, 2010 /PRNewswire via COMTEX/ -- Diamond Halpern Capital is issuing coverage of American Lorain Corp. (NYSE: ALN) with a Market Outperform rating and a 12 month target price of US$4.65. The report, prepared for Diamond Halpern by Legion LTD., notes that ALN has been strategically diversifying into the rapidly growing convenience and frozen food markets, taking advantage of the changing demographics of the Chinese market.
Furthermore, the report notes that ALN is expanding its brand equity in the Chinese market for chestnut products, a market segment it dominates. Baruch Halpern said, "We are pleased to provide coverage of American Lorain as part of our expanding involvement with Chinese companies." American Lorain Corporation develops, manufactures and sells various food products. The Company's products include chestnut products, convenience food products and frozen food products. The Company currently sells over 230 products to 26 provinces and administrative regions in China as well as to 42 foreign countries.
About Diamond Halpern Capital Diamond Halpern Capital, founded in 2002, is a boutique investment bank and broker-dealer, primarily focused on advisory and capital raising services. It is a member of FINRA, SIPC. With a combination of Wall Street research, portfolio management, merger and acquisition, private equity, corporate acquisition, and entrepreneurial experience, Diamond Halpern Capital has a unique and extensive set of skills and transaction experience to draw on when providing its clients with advice. With a strong presence throughout Asia as well as North America, Diamond Halpern Capital is strongly positioned to help Asian companies access the US capital markets, whether by a reverse merger, a traditional financing, a convertible instrument or one of the firm's innovative structured products. For further information about Diamond Halpern Capital, please visit the firm's website at http://www.diamondhalpern.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Sole reliance should not be placed on this press release. For additional information and disclosures the report can be found at http://www.diamondhalpern.com.
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