NEW YORK and SONGYUAN, China, Dec. 4 /Xinhua-PRNewswire/ -- China North East Petroleum Holdings, Limited (OTC Bulletin Board: CNEH), a leading oil producing company in Northern China, today announced that the company will present at the ICR XChange Asia institutional investor conference on December 5, 2007 at the Reuters Conference Center in New York City.
Management's presentation will begin at 2:30 p.m. ET at the Reuters Conference Center located at Three Times Square in New York City. The presentation will be webcast live at http://www.icrxchange.com . At 4:00 p.m. ET, ICR XChange Asia presenting companies will close the market live on television at the NASDAQ MarketSite.
About China North East Petroleum Holdings, Ltd.
China North East Petroleum Holdings Ltd (OTC Bulletin Board: CNEH) is engaged in the production of crude oil in Northern China. CNEH has a guaranteed arrangement with Jilin Refinery of PetroChina to sell its produced crude oil for use in the China marketplace. The Company currently operates four oilfields with 128 producing wells in Northern China. Further well drilling project has been planned in future.
About ICR XChange Asia
The ICR XChange now introduces Asia-based, publicly-traded companies to key Wall Street constituents: investors, analysts, bankers and capital markets professionals. Each year, ICR hosts the ICR XChange, known throughout the institutional investor community as one of the best small and midcap growth events of the year. The ICR XChange Asia brings ICR's existing annual conference to the increasingly popular Asian marketplace. ICR already represents some of the top public companies in the U.S. and will now bring this expertise to Asia-based companies, so that they too can enhance shareholder value with effective communications, exposure and the right Wall Street relationships.
Special Note Regarding Forward-looking Statements
This press release 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 facts, included or incorporated by reference herein relating to management's current expectations of future financial performance, continued growth, changes in economic conditions or capital markets and changes in customer usage patterns and preferences are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Words or phrases such as "anticipates," "may," "will," "should," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "targets," "will likely result," "will continue" or similar expressions identify forward-looking statements. Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed. We caution that while we make such statements in good faith and believe such statements are based on reasonable assumptions, including without limitation, management's examination of historical operating trends, data contained in records and other data available from third parties, we cannot assure you that our projections will be achieved.
For more information, please contact:
China:
Dio Zhang
Chief Financial Officer
Tel: +86-43-8216-5055
Email: cnehmail@gmail.com
United States:
Chao Jiang
Director of Finance
Tel: +1-212-307-3568
Email: jiangcneh@gmail.com