China Natural Gas Announces Engagement of RedChip Companies for Investor Relations Programs
12 Januar 2010 - 10:30PM
PR Newswire (US)
XI'AN, China, Jan. 12 /PRNewswire-Asia/ -- China Natural Gas, Inc.
(NASDAQ:CHNG), a leading provider of compressed natural gas for
vehicular fuel and pipeline natural gas for industrial, commercial
and residential use in Xi'an, China, today announced that it has
hired RedChip Companies, Inc. to lead its investor relations
outreach programs. Mr. Qinan Ji, Chairman and Chief Executive
Officer of China Natural Gas, Inc., stated: "We chose RedChip
Companies to lead our investor and public relations program based
on their success in increasing visibility for public companies as
well as their expertise in market positioning, their strong
international presence and their best-in-class products and
services. We are certain that RedChip will bring an unmatched level
of professionalism to our team, helping China Natural Gas build
solid and lasting relationships with new investors while
strengthening existing relationships with current investors." Dave
Gentry, President and Chief Executive Officer of RedChip Companies,
Inc., said: "We are very excited for the opportunity to represent
China Natural Gas, the first China-based natural gas company that
trades publicly on a United States stock exchange. The Company
enjoys strong growth and is poised to continue its expansion as it
nears completion of a liquefied natural gas processing and
distribution plant in Jingbian, and expands its presence into
heavily populated Henan province. We look forward to introducing
China Natural Gas to RedChip's investor network as we launch a
comprehensive investor relations program." About China Natural Gas,
Inc. China Natural Gas transports and sells natural gas to
vehicular fueling terminals, as well as commercial, industrial and
residential customers through its distribution networks in China's
Shaanxi and Henan Provinces. The Company owns approximately 120 km
of high-pressure pipelines and operates 24 CNG fuelling stations in
Shaanxi Province and 12 CNG fuelling stations in Henan Province.
China Natural Gas' four primary business lines include: (1) the
distribution and sale of CNG through Company-owned CNG fuelling
stations for hybrid (natural gas/gasoline) powered vehicles; (2)
the installation, distribution and sale of piped natural gas to
residential, commercial and industrial customers through
Company-owned pipelines; (3) the distribution and sale of gasoline
through Company-owned CNG fuelling stations for hybrid (natural
gas/gasoline) powered vehicles; and (4) the conversion of
gasoline-fueled vehicles to hybrid (natural gas/gasoline) powered
vehicles through its auto conversion division. Safe Harbor:
Forward-Looking Statements This press release includes statements
that may constitute forward-looking statements made pursuant to the
safe harbor provision of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
China Natural Gas, Inc. may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission on forms 10-K, 10-Q and 8-K, in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about the Company's beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties that could
cause actual results to differ materially from the forward-looking
statements. A number of important factors could cause actual
results to differ materially from those contained in any
forward-looking statement. Potential risks and uncertainties
include, but are not limited to, risks outlined in the Company's
filings with the U.S. Securities and Exchange Commission, including
its registration statements on Forms S-1 and S-3, in each case as
amended. The Company does not undertake any obligation to update
any forward-looking statement, except as required under applicable
law. For more information, please contact: At the Company: China
Natural Gas, Inc. Jacky Shi Investor Relations Director Tel:
+86-29-8832-3325 x922 Cell: +86-139-9287-9998 Email: Investor
Relations: RedChip Companies, Inc. Jon Cunningham Tel:
+1-800-733-2447 x107 Email: Web: http://www.redchip.com/
DATASOURCE: China Natural Gas, Inc. CONTACT: At the Company: China
Natural Gas, Inc. - Jacky Shi, Investor Relations Director,
+86-29-8832-3325 x922, Cell, +86-139-9287-9998, or ; Investor
Relations: RedChip Companies, Inc. - Jon Cunningham,
+1-800-733-2447 x107, or Web Site: http://www.redchip.com/
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