Allied Ventures Holdings Corp Appoints Mr. Ye XiZhen as its new Chairman

SCOTTSDALE, Ariz., Nov. 30, 2016 (GLOBE NEWSWIRE) -- Allied Ventures Holdings Corp (OTC:DPHS) today announced the resignation of its officers and director, and the appointment of Mr. Ye XiZhen as the new board chairman and CEO taking effect as soon as practicable in accordance with the regulations. There are no disagreements between the departing parties and the Company. Mr. Ye XiZhen is also chairman of Longwen Group Inc, a company specializes in mining, energy, media, medicine and tourism in China.

Mr. Ye XiZhen commented, “We are very pleased to assume control of Allied Ventures Holdings Corp. We will adopt a new business plan immediately to enter into new markets. We want to thank Mr. Reed Petersen for his great contributions to the Company and wish him great success in his new endeavors.”

Forward-Looking Statements

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements.

Mr. Ye Xizhen

Source:Allied Ventures Holdings Corp.