Capital Resource Funding Receives Preliminary Accreditation from the State Intellectual Property Office of the People's Republic
02 Juli 2007 - 3:30PM
PR Newswire (US)
LIAONING PROVINCE, China, July 2 /PRNewswire-FirstCall/ -- Capital
Resource Funding Corp. (OTC:CRFU) (BULLETIN BOARD: CRFU) , soon to
be known as China Sun Group High-Tech Co., whose majority owned
subsidiary owns the second largest cobalt series production
capacity in China*, announced today that the primary equipment used
in producing cobaltosic oxide and lithium cobalt oxide has passed
preliminary accreditation by the State Intellectual Property Office
(SIPO) of the People's Republic of China. Chairman and CEO of
Capital Resource Funding Corp. Wang Bin said, "Meeting the State's
production standards are important to securing our technological
leadership position in China. Our process enables us to provide our
customers with exact specifications, along with superior quality
control, throughout the production process of cobalt for use in
finished goods such as lithium ion batteries." About SIPO With the
approval of the State Council, the Patent Office of the People's
Republic of China (CPO, the predecessor of SIPO), was founded in
1980 to protect intellectual property, encourage invention and
creation, help popularize inventions and their exploitation,
promote the progress and innovation in science and technology, and
meet the needs of modernization. In 1998, with the restructuring of
the government agencies, CPO was renamed SIPO and became a
government institution directly under the control of the State
Council. It is the competent authority in charge of patent affairs
and the coordinating authority for foreign-related intellectual
property issues. About Capital Resource Funding, Inc. Capital
Resource Funding, Inc., pending a corporate name change to China
Sun Group High-Tech Co., produces anode materials used in lithium
ion batteries. Through its wholly owned operating subsidiary, Da
Lian Xin Yang High-Tech Development Co. Ltd ("DLX"), the Company
primarily produces cobaltosic oxide and lithium cobalt oxide.
*According to the China Battery Industry Association, DLX has the
second largest cobalt series production capacity in China.
Leveraging its technological leadership in China, high-quality
product line and scalable production facility, DLX plans to create
a fully integrated supply chain from the primary manufacturing of
cobalt ore to finished products, including lithium ion batteries.
For more information, visit
http://www.china-sun.cn/English/Aboutus.asp. Safe Harbor Statement
Statements in this press release which are not historical data are
forward-looking statements which involve known and unknown risks,
uncertainties or other factors not under the company's control,
which may cause actual results, performance or achievements of the
company to be materially different from the results, performance or
other expectations implied by these forward-looking statements.
These factors include, but are not limited to, those detailed in
the company's periodic filings with the Securities and Exchange
Commission. DATASOURCE: Capital Resource Funding Corp. CONTACT:
Thomas Yang, Assistant to the President of Capital Resource Funding
Corp., +1-917-432-9350 (U.S.) or +86 411 8289-7752 (China), fax,
+86 411 8289-2739, ; or Investor Relations, Peter Clark of OTC
Financial Network, +1-781-444-6100 ext.629, Web site:
http://www.china-sun.cn/English/Aboutus.asp
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