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ShengdaTech to Hold Annual Meeting of Shareholders in New York City on September 15, 2008

2008-08-26 18:55 1276


TAIAN CITY, Shandong, China, Aug. 26 /Xinhua-PRNewswire-FirstCall/ -- ShengdaTech, Inc. ("ShengdaTech" or "the Company") (Nasdaq: SDTH) a leading manufacturer of nano precipitated calcium carbonate (NPCC) in the People's Republic of China (PRC) and a major manufacturer of coal-based chemical products in Tai'an City, Shandong Province, PRC, today announced that the Company will hold its first annual meeting of shareholders on September 15, 2008 in New York City.

The time and venue of ShengdaTech's annual meeting of shareholders are as follows:

Date: Monday, September 15, 2008

Time: 9:00 am to 11.00 am (Eastern Time)

Venue: The New York Palace Hotel

455 Madison Avenue

New York, NY 10022

USA

At the annual meeting of shareholders the following two proposals will be submitted for shareholders' approval, fully described in the Proxy Statement issued on August 25, 2008

1: To elect five persons to the Board of Directors of the Company, each to serve until the next annual meeting of shareholders of the Company or until such person shall resign, be removed or otherwise leave office.

2: To transact such other business as may properly come before the Meeting or any adjournment thereof.

ShengdaTech's executives will provide an investor presentation to discuss the Company's growth strategy, business outlook, and financial performance. The Company's management and Board members will also accept questions from analysts and investors. The investor presentation and Q&A section will be broadcasted live over the Internet and can be accessed by all interested parties on the Company's website: http://www.shengdatechinc.com , which will provide a link to the session. For those unable to listen to the live broadcast, a replay will be available for a period 90 days on the Company's website.

About ShengdaTech, Inc.

ShengdaTech Inc. ("the Company") is engaged in the business of manufacturing, marketing and selling nano precipitated calcium carbonate ("NPCC") and coal-based chemicals for use in various applications. The Company converts limestone into NPCC using proprietary technology. The unique chemical and physical attributes make NPCC a valuable cost-effective ingredient in tires, paints, polyvinyl chloride ("PVC") building materials and other products. NPCC enhances the durability of many products by increasing strength, heat resistance, and dimension stabilization. The Company is also engaged in the manufacture and sale of coal-based chemical products, namely ammonium bicarbonate, liquid ammonia, methanol and melamine. The Company markets and sells its coal-based chemical products mainly for chemical fertilizers and raw materials in the production of organic and inorganic chemical products, including formaldehyde and pesticides. For more information, contact CCG directly or go to ShengdaTech's website at http://www.shengdatechinc.com .

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as the ability of the Company to maintain its current gross margin, unanticipated changes in product demand especially in the PVC, polyethylene, and paper industry, changes in composition of these industries, ability to attract new customers, ability to increase our product's applications, ability of our customers to sell products, cost of raw material, downturns in the Chinese economy, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission.

For more information, please contact:

Crocker Coulson, President

CCG Investor Relations

Tel: +1-646-213-1915

Email: crocker.coulson@ccgir.com

Web: http://www.ccgir.com

Source: ShengdaTech, Inc.
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Keywords: Chemical
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