LOS ANGELES and KAIFENG, China, Dec. 26 /Xinhua-PRNewswire/ -- China Valves Technology, Inc. (OTC Bulletin Board: INCL) ("INCL") ("China Valves" or the "Company"), a leading metal valve manufacturer with operations in the People's Republic of China, today announced that it retained CCG Elite to design and execute its investor relations campaign.
"As a large non-state-owned manufacturer located in Kaifeng, China, we have one of the best-known brand names in China's valve industry," said Mr. Siping Fang, the Chairman and CEO of China Valves. "We look forward to working with CCG Elite to increase our visibility in the investment community and financial media while we execute our growth strategy. Our company has a history of being the first in China to produce a number of high-quality sophisticated valves for various industries. We expect to continue developing newer, stronger and more efficient valves that we will sell to China's growing industrial base and export markets."
China Valves is engaged in the development, manufacture and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metal industries. The Company developed a comprehensive line of products in the high-end valve market through the Company's research and development efforts. These products led to a number of patents and proprietary techniques.
China Valves utilizes a well-established sales network to reach over 400 industrial clients located mostly in the wealthy southeastern coastal region of China and currently exports to the rest of Asia and Europe. Its products are used by brand name original equipment manufacturers.
"China Valves is a leading firm in the Chinese metal valves industry. The Company manufactures products for a number of industrial sectors and sells its products in rapidly growing Chinese industrial sectors and export markets. The Company uses advanced technology, has an experienced management team and a strong market presence," said Crocker Coulson, President of CCG Elite. "The Company is well-positioned to take advantage of increasing demand for industrial valves in China. We intend to develop an integrated investor relations program for the company to enhance its profile in the investment community."
About CCG Elite
CCG Elite is uniquely positioned to provide an outsourced, high-level investor relations solution that combines in-depth understanding of Asia's corporate culture and economic scene with access to leading funds and broker-dealers in the United States. CCG Elite is a global, full-service investor-relations agency with corporate headquarters in Los Angeles, and offices in New York, Newport Beach, Dallas, Hong Kong and Beijing. For further information, contact CCG Elite or visit the company's website at http://www.ccgelite.com.
About China Valves Technology
China Valves Technology, Inc., through its indirectly controlled Chinese subsidiaries, Zhengzhou Zhengdie Valve Co, Ltd. and Henan Kaifeng High Pressure Valve Co., Ltd., is engaged in the development, manufacture and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries. The Company's history can be traced back to when it was a state-owned enterprise in 1959 and is one of the most well-known brand names in China's valve industry. The Company's products are the result of extensive research and development, which resulted in a number of patented products and improved manufacturing processes. China Valves has significant market shares in a number of domestic industries and exports to the rest of Asia and Europe. For more information, refer to http://www.cvalve.net/en/.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial condition to differ materially from what is included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. Potential risks and uncertainties include, among others, currently unknown and unforeseeable constraints on the Company's ability to continue operations, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in United States Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions in equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
