China Infrastructure Construction Engages RedChip Companies to Lead Public and Investor Relations Efforts
BEIJING, Dec 6, 2010 /PRNewswire-Asia-FirstCall/ -- China Infrastructure Construction Corp. (OTC Bulletin Board: CHNC) ("CHNC" or the "Company"), a major U.S.-listed provider of ready-mix concrete headquartered in Beijing, announced today that it has retained RedChip Companies, Inc. to lead its public and investor relations efforts.
Mr. Yang Rong, Chairman and CEO of CHNC, stated, "RedChip is an established and well-respected firm with extensive experience in China and other emerging markets, which played strongly into our decision to have them lead our investor and public relations program. We were also attracted by their success in increasing visibility for other public companies, their strong international presence, and their best-in-class products and services. We look forward to working with RedChip, and with their help, we expect to build solid and lasting relationships with new investors while strengthening our relationships with current ones."
Dave Gentry, President and CEO of RedChip Companies, Inc., said, "The market for ready-mix concrete in China is enormous, creating a very attractive environment for China Infrastructure Construction. We are excited to have the opportunity to represent CHNC, whose 'green' concrete is used in everything from roads and bridges to dams and skyscrapers. China spent roughly 9% of its GDP on infrastructure in 2009, and investment in the sector is expected to remain strong for years. With their brand new production plant in Xi'an, CHNC is prepared to capitalize on the government's focus on growth in western China. We look forward to introducing China Infrastructure Construction to RedChip's investor network as we launch a comprehensive investor relations program."
About China Infrastructure Construction Corporation
CHNC was founded in 2002 in Beijing, China. Since then it has developed into one of the top ready-mix concrete producers in Beijing. The Company's products are environmentally friendly, as CHNC is a provider of "green" concrete in China.
Currently, the Company operates four production facilities and eight production lines with a total operating capacity of 3.5 million cubic meters based on its historical utilization rate. CHNC's production facilities are located in Beijing's Nanhaizi area, on the west side of the Yizhuang Economic Development Zone south of Beijing; the Shidu area, within the boundaries of the Zhangfang and Beijing Fangshan district; the Tangshan Development Zone, about 200 kilometers east of Beijing; and Xi'an, Shaanxi Province.
CHNC is a leader in China's "green concrete" movement, referring to the increased use of environmentally friendly and recycled materials in ready-mix concrete by reducing energy and raw material consumption during production, and by mixing and recycling various industrial wastes to create a more sustainable product.
All of CHNC's products have passed the ISO 9001:2005 Certification Quality System and Integrated Certification System, including the Quality Management System Certification, Environmental Management System Certification and Occupational Health and Safety Management System Certification issued by the Beijing Zhong Jian Xie Certification Centre.
CHNC's major projects include the Beijing World Trade Central Business District project and the Beijing Wangjing International Mansion.
Forward-looking Statements
Certain statements made in this news release, may contain forward-looking statements concerning the Company's business and products. These statements include, without limitation, statements regarding our ability to prepare the Company for growth, the Company's planned capacity expansion and predictions and guidance relating to the Company's future financial performance. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs, but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These factors may include, but are not limited to, such factors as unanticipated changes in product demand especially in the infrastructure construction industry, pricing and demand trends for the Company's products, changes to government regulations, risk associated with operation of the Company's new facilities, risk associated with large-scale implementation of the Company's business plan, the ability to attract new customers, ability to increase its products' applications, cost of raw materials, downturns in the Chinese economy, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. Investors are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
Contacts: |
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China Infrastructure Construction Corporation: |
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John Bai |
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Chief Financial Officer |
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China mobile: +86-186-0128-8923 |
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Email: [email protected] |
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Investor Relations: |
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Dave Gentry, U.S. |
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RedChip Companies, Inc. |
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Tel: +1-800-733-2447, Ext. 104 |
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Email: [email protected] |
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Jing Zhang, China |
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RedChip Beijing Representative Office |
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Tel: +86 10-8591-0635 |
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Web: http://www.RedChip.com |
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SOURCE China Infrastructure Construction Corporation
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