China Gengsheng Minerals, Inc. Granted AAA Credit Rating by Zhengzhou City in
Henan Province
Chairman Shunqing Zhang Named 'Gongyi City's Most Influential Person in the 30
Years of Opening & Reform'
GONGYI, China, Jan. 5 /PRNewswire-Asia-FirstCall/ -- China Gengsheng
Minerals, Inc. (OTC Bulletin Board: CHGS) ("Gengsheng" or "the Company"), a
materials technology company in China with products capable of withstanding
high temperature, saving energy and boosting productivity in certain
industries such as steel and oil, today announced that Henan Gengsheng
Refractories Co., Ltd., its wholly owned subsidiary, was granted the AAA
credit rating by the Zhengzhou Enterprise Creditworthiness Evaluation
Committee ("the Committee") in Henan Province.
The Committee approved the rating after reviews conducted by seven
municipal-level bureaus, including the Zhengzhou Economic Development
Commission, the Business Board of Zhengzhou, the Industrial and Commerce
Bureau and the Tax Bureau. Among the highest credit-rated enterprises in
Zhengzhou, a total of 16 received the AAA rating; 11 received AA; and 1
received A.
Separately, Mr. Shunqing Zhang, Chairman and CEO of the Company, was
awarded last month the title of "Gongyi City's Most Influential Person in the
30 Years of Opening & Reform" by the City of Gongyi in Henan Province. In
naming Mr. Zhang, the city cited his achievements in creating jobs in the
local community, stimulating the rapid growth of Gongyi's economy and setting
excellent examples of taking social responsibilities.
Lastly, both Mr. Zhang and the Company were also given tributes at
Zhengzhou City's own "30 Years of Opening and Reform" event last month.
About China Gengsheng Minerals, Inc.
China Gengsheng Minerals, Inc. ("Gengsheng") develops, manufactures and
markets a broad range of high-tech industrial material products, including
monolithic refractories, industrial ceramics and fracture proppants. A market
leader offering customized solutions, Gengsheng sells its products primarily
to the iron-and-steel industry as heat-resistant components for steel-making
furnaces, industrial kilns and other high-temperature vessels to guarantee and
improve the productivity of those expensive pieces of equipment while reducing
their consumption of energy. Founded in 1986 and based in China'sHenan
province, Gengsheng currently has over 200 customers in the iron, steel, oil,
glass, cement, aluminum and chemical businesses located in China and in 11
other countries. Gengsheng conducts business through Gengsheng International
Corporation, a British Virgin Islands company, and its Chinese subsidiaries,
which are Henan Gengsheng Refractories Co., Ltd., Zhengzhou Duesail Fracture
Proppant Co., Ltd. and Henan Gengsheng High Temperature Materials Co., Ltd.
For more information about the Company, please visit
http://www.gengsheng.com .
Safe Harbor Statement
This press release may contain certain "forward-looking statements"
relating to the business of China Gengsheng Minerals, Inc., and its subsidiary
companies. All statements, other than statements of historical fact included
herein are "forward-looking statements" including statements regarding the
Company's ability to meet its projected output for the term of the supply
contract; the general ability of the Company to achieve its commercial
objectives; 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
at 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 more information, please contact:
In China:
Mr. Shuai Zhang
Investor Relations
China Gengsheng Minerals, Inc.
Tel: +86-371-6405-9846
Email: shuai298@126.com
In the U.S.:
Valentine Ding
Investor Relations
Grayling Global
Tel: +1-646-284-9412
Email: vding@hfgcg.com
SOURCE China Gengsheng Minerals, Inc.
In China: Mr. Shuai Zhang, Investor Relations, China Gengsheng Minerals, Inc.
at +86-371-6405-9846 or shuai298@126.com; Or in the U.S.: Valentine Ding,
Investor Relations, Grayling Global at +1-646-284-9412 or vding@hfgcg.com for
China Gengsheng
