April 15, 2010 (FinancialWire) — Yayi International Inc., (OTCBB: YYIN), a producer and distributor of goat milk formula products in China, said it has provided new guidance for the fiscal year ending March 31, 2011, on the back of stronger than expected growth opportunities.

Yayi said it now expects net sales for the new fiscal year ending March 31, 2011 to be in the range of $58.6 million to $65.9 million, compared with the company's earlier guidance of net sales between $43.9 million and $58.6 million for the fiscal year ending October 31, 2010.

On March 26, 2010, Yayi changed its fiscal year end from October 31 to March 31 to devote time and resources, it said, to operations during the peak season for sales in the fourth quarter of the calendar year and to focus on annual budgeting and audit preparations during the first quarter of the calendar year.

Yayi said that its new guidance reflects positive market reaction following a distributor conference in January 2010. To date, Yayi International said it has secured around $44.6 million in sales contracts with terms ending on December 31, 2010.

The company said it expects that such contracts will be renewed in 2011 on similar terms. The total value of sales contracts for 2010 represents an increase of $14.1 million from $30.5 million as disclosed by the company on March 17, 2010.

China-based Yayi International is a producer and distributor of goat milk formula products for infants, toddlers, young children and adults in China.

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