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China Linen Textile Industry, Ltd. Appoints Jodie Zheng Wehner as Chief Financial Officer

    LANXI COUNTY, China, Sept. 13 /PRNewswire-Asia/ -- China Linen Textile Industry, Ltd. (OTC Bulletin Board: CTXIF) ("China Linen" or the "Company"), a China-based company engaged in the production and sale of linen yarn and various types of linen fabric, today announced that it appointed Ms. Jodie Zheng Wehner as the Company's new Chief Financial Officer effective September 1, 2010, replacing Mr. James Qi, whose employment as chief financial officer of the Company was terminated by the mutual agreement of the Company and Mr. Qi effective September 1, 2010.

    Ms. Jodie Zheng Wehner joins the Company with over 10 years of business and financial experience in both China and the US. During early 2010, Ms. Wehner was a portfolio manager at Gerken Capital Associates, an emerging markets hedge fund, where she oversaw the company's Greater China fund. During 2008, she served as a senior equity analyst at Global Hunter Securities and was responsible for equity research on Chinese companies. From 2005 to 2007, Ms. Wehner was an equity analyst at CIBC Oppenheimer. Ms. Wehner graduated from the Medical School of Peking University with a bachelor's degree in 1993 and earned her MBA degree from the University of Chicago Booth School of Business in 2002.

    "We are very pleased to have Jodie join us as our Chief Financial Officer," stated Mr. Gao Ren, chairman and president of China Linen. "Her strong financial background, analytical skills, and extensive investment experience, in addition to her bilingual skills and bicultural background, will strengthen our capabilities in financial management and reporting, in addition to corporate communications and shareholder relations. We are confident that her appointment will help create a stronger, fully transparent organization which will facilitate our future growth."

    About China Linen Textile Industry, Ltd.

    China Linen Textile Industry, Ltd. (http://www.chinalinen.cc/ ) is principally engaged in the production and sale of linen yarn and various types of linen fabric. The Company is also involved in consultation and R&D related to linen technology and linen products. The Company carries on all of its business activities through its subsidiary, Heilongjiang Lanxi Sunrise Linen Textile Industry Co., Ltd. ("Lanxi Sunrise"), established in June 2002 and located in Lanxi County, the "Homeland of Flax in China," near Harbin City in China. Lanxi Sunrise has one yarn-spinning factory and two fabric weaving factories in its 28,000 square meters of building area with a staff of 1,500 and 310 sets of world-class, advanced production machinery. Annual production capacity totals approximately 1,600 tons with 50 different types of yarn and 8 million meters of fabric with 110 types. Approximately 55 percent of its products are exported to more than 10 countries.

    Forward-looking statements:

    The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

     For further information, contact:

    China Linen Textile Industry, Ltd.

     Ms. Jodie Zheng Wehner, CFO

     Tel:   +1-310-890-8048

     Email: jodiewehner@gmail.com

     Mr. Xiao Weixing, IR Manager

     Tel: +86-137-9600-2690

     Email: xiaoweixing@chinalinen.cc

    HC International, Inc.

     Scott Powell, Vice-President

     Tel:   +1-917-721-9480

     Email: scott.powell@hcinternational.net

Source: China Linen Textile Industry, Ltd.
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