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China Precision Steel Announces Conference Call to Discuss First Quarter Fiscal 2008 Results

2007-11-21 17:20 6609

SHANGHAI, China, Nov. 21 /Xinhua-PRNewswire/ -- China Precision Steel (Nasdaq: CPSL), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, today announced that it will conduct a conference call at 9:00 a.m. Eastern Time on Monday, November 26, 2007 to discuss the first quarter fiscal 2008 results.

Joining Mr. Wo Hing Li, Chairman and Chief Executive Officer of China Precision Steel, will be Ms. Leada Li, Chief Financial Officer.

To participate in the live conference call, please dial the following number fifteen minutes prior to the scheduled conference call time: 888-482-0024. International callers should dial 617-801-9702. When prompted by the operator, mention Conference Passcode 102 675 65.

If you are unable to participate in the call at this time, a replay will be available for seven days starting on Monday, November 26, 2007 at 10:00 a.m. Eastern Time. To access the replay, dial 888-286-8010 and enter the passcode 41024398. International callers should dial 617-801-6888 and enter the same passcode 41024398.

This conference call will be broadcast live over the Internet and can be accessed by all interested parties by clicking on http://www.chinaprecisionsteelinc.com . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.

About China Precision Steel

China Precision Steel is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon hot-rolled steel strips. China Precision Steel produces high precision ultra-thin, high strength (7.5 mm to 0.05 mm) cold-rolled steel products primarily for automotive components, food packaging materials, saw blades and textile needle manufacturing companies in the People’s Republic of China. However, China Precision Steel is expanding into overseas markets such as Nigeria, Thailand, Indonesia and the Philippines, and intends to expand into Japan, the European Union and the United States in the future.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s ability to raise additional capital to finance the Company’s activities; the effectiveness, profitability, and the marketability of its products; legal and regulatory risks associated with the share exchange; the future trading of the common stock of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company’s ability to protect its proprietary information; general economic and business conditions; the volatility of the Company’s operating results and financial condition; the Company’s ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company’s filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For more information, please contact:

CCG Elite

Crocker Coulson, President, or

Leslie Richardson, Financial Writer

Tel: +1-310-231-8600

Email: crocker.coulson@ccgir.com or leslie.richardson@ccgir.com

China Precision Steel

Leada Li, CFO

Email: leadali@biznetvigator.com

Source: China Precision Steel
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NASDAQ:CPSL
Keywords: Machinery
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