Harbin, China, July 16 /Xinhua-PRNewswire/ -- Chang-On International Inc. (OTC Bulletin Board: CAON) ("CAON" or "the Company"), a company engaged in the business of waste recycling and reutilization, announced that the Company had received a new certification of its major product of SF Composed Materials from Beijing Zhongda Huayuan Certification Centre (Zhongda Huayuan). One of the competitive advantages of CAON is that it can offer high-quality SF Materials and services to the market and clients, and this new certification has proved it. The Company will uphold this advantage for a long time and keep on enlarging its market share.
CAON's business concentrates on using waste plastic and coal ash to develop the product into SF synthetic materials. By using the SF synthetic materials, the Company can produce wall board, used in building construction and drainage covers. These two main products have been widely used in the building and construction industry.
Mr. Li Guomin, the President of CAON, said, "The qualification of our core product strengthens our core competition in the domestic market. It shows that we uphold high standards and offer high-quality products and services to our clients. We will keep maintaining this advantage and keep up the input in technology innovation."
Zhongda Huayuan is one of the national high-standard authentication institutions in China. It is the specialized certification body authorized by some related governmental departments. Zhongda Huayuan takes high-quality service, strong technical capability and advanced management ability to ensure its development, and provides strong safeguards to successfully achieve quality objectives, and shape its brand as a well-know certification body at home and abroad. (Website: http://www.zdhy.net )
About Harbin Hongbo Environment Protection Material Ltd.
Founded in 2004, Harbin Hongbo Environment Protection Material Ltd, operating arm of CAON, is located in the Harbin Economy & Technology Development Zone, Heilongjiang Province, China, with a registered capital of RMB 3 million (or USD 375,000) and total assets of nearly RMB 10 million (or USD 1.25 million). It is a joint venture between enterprises from Taiwan, Hong Kong and a domestic company.
Harbin Hongbo focuses its core business in comprehensive resources utilization of industrial solid wastes in resources and environment field. The main product is SF synthetic material, a new type of material for environment protection and energy saving, which is abbreviated for synthetic material of plastics and coal ash. And based on this material, the Company develops different products, such as boards and profiled bars used in well lids, grates for water drainage pools, guard railings, protective boards for slopes, hard shoulders, inner wall cable pipes/tubes, home renovation and others.
The company has maintained the partnership relationship with Changchun Applied Chemistry Institute of China Academy of Sciences, which mainly specializes in researching resources and the environment, advanced materials, development of carbon dioxide, corn and rare earth resources, focused development of advanced structure materials, advanced composite materials, advanced functional materials. And Mr. Mo Zhishen, professor of the Institute, acts as the company's R&D leader.
Harbin Hongbo will focus on the development and use of SF synthetic material, especially construction molding board, and then expand the scale of production, purchase new equipment, increase output in the future development.
Forward-looking Statements
This report contains 'forward-looking' statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese, European and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.
The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.
For more information, please contact:
Mr. Wang Hui
Tel: +86-451-8269-5010
Email: wanghui-1027@163.com
Web: http://www.chuangon.com
