Keyuan Petrochemicals Retains Hayden Communications as Corporate Communications Advisor

USA - English

• USA - English

NINGBO, China, April 27 /PRNewswire-Asia-FirstCall/ -- Keyuan International Group Limited (OTC Bulletin Board: SVPE), ("Keyuan" or "the Company"), a leading independent manufacturer and supplier of various petrochemical products in China, announced today that it has retained HC International, Inc. as its strategic investor relations advisor to assist the Company in enhancing its corporate communications as a newly public company while increasing its visibility and recognition in the capital markets. Matthew Hayden, Ted Haberfield, and the rest of the HC International team, will be advising the Company in all facets of corporate and financial communications.

"We have selected HC International to provide strategic investor relations counsel and services to broaden our presence in the financial markets while helping investors gain a better understanding of our core business, growth plans and financial attributes," said Mr. Chunfeng Tao, founder, chairman and chief executive officer of the Company. "We are confident that HC International, which has a proven track record of representing successful China-based, US-listed companies, will help us to convey effectively our business model, growth strategy and value proposition, while helping us optimize our corporate transparency to our shareholders and the broader investment community."

Growing demand driven by China's robust economic growth, coupled with under-developed domestic production capacity, has led to an imbalance in supply and demand for refined petrochemical products that is likely to persist for many years. As a result of this imbalance, China was forced to import an average of 3.1 million tons of refined petrochemical products per month in 2009. Additionally, China's demand for asphalt has outpaced supply for five consecutive years with total imports of 3.3 million MT in 2008.

Due to these market conditions, Keyuan's customer orders for 2010 have exceeded the Company's current annual production capacity. In order to meet increasing market demand and to grow the Company, Keyuan plans to expand its manufacturing capacity to include a raw material pre-treatment facility, additional storage capacity and an asphalt production facility. For fiscal year 2010, the Company expects to generate revenue of $461.3 million and net income of $36.3 million, excluding public company expenses.

"China's growing demand for petrochemical products, which has surpassed supply in recent years, has led to record contract signings and backlog for Keyuan's various products. Growing market demand, coupled with the Company's plans to increase production and storage capacity, should translate to significant growth opportunities for Keyuan," said Matthew Hayden, President of HC International Inc. "We look forward to working with the Company and its management team to increase investor awareness of Kenyan's significant growth opportunity as it leverages its capacity to deliver industry leading products for its customers in China."

About HC International, Inc.

HC International, Inc. is a premier China information resource for institutional investors, hedge funds, independent portfolio managers, buy and sell-side analysts, small to large retail brokerage firms and accredited individual investors. HC International will leverage its recognized investment community relationships to help capitalize on their clients' key business attributes, while helping management to articulate its future growth opportunities. Additionally, the firm will extend their clients' investor awareness programs, shareholder communications and coordinate introductions to key industry and sell-side analysts as part of a comprehensive IR program.

About Keyuan Petrochemicals Co. Ltd.

Keyuan Petrochemicals Co. Ltd., established in 2007 and operating through its wholly-owned subsidiary, Keyuan Plastics, Co. Ltd. ("Keyuan Plastics"), is located in Ningbo, China and is a leading independent manufacturer and supplier of various petrochemical products. Having commenced production in October 2009, Keyuan's operations include an annual petrochemical manufacturing capacity of 550,000 metric tons (MT) of a variety of petrochemical products, with facilities for the storage and loading of raw materials and finished goods, and a technology that supports the manufacturing process with low raw material costs and high utilization and yields.

Cautionary Statement Regarding Forward-Looking Information

This press release may contain certain "forward-looking statements" relating to the business of Keyuan International Group Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the impact of the proceeds from the private placement on the Company's short term business and operations, the general ability of the Company to achieve its commercial objectives, including the ability of the Company to sustain growth; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For further information, please contact:

    TriPoint Global Equities, LLC
     Mark Elenowitz
     CEO
     Tel:   +1-212-732-7184
     Web:   http://www.tripointglobalequities.com/

    Investor Relations:

    HC International, Inc.
     Ted Haberfield
     Executive VP
     Tel:   +1-760-755-2716
     Email: [email protected]

SOURCE Keyuan Petrochemicals Co. Ltd.