HARBIN, China, May 3 /PRNewswire-Asia/ -- China Green Material Technologies, Inc. (OTC Bulletin Board: CAGM; "CAGM" or "the Company"), a Chinese leader in developing and manufacturing starch-based biodegradable containers, tableware and packaging materials, today announced that its wholly-owned CHFY subsidiary has been named to the 2010 China Forbes 200 Best Small Companies With Greatest Potential list, ranking 154th.
The list is comprised of companies with revenues between 5 million-1 billion RMB and operations in Mainland China. In compiling the list, Forbes China studied and ranked many small and medium enterprises according to key performance measures including sales and profit growth and rate of return.
"It is a great honor to be included on this prestigious Forbes list," stated Mr. Su Zhonghao, CEO of China Green Material Technologies. "This recognition reflects the hard work of our people and their continuing focus on executing our operating and growth strategies. This is a particularly exciting time for the Company as we prepare for a new phase of growth. We're in a rapidly growing industry, we are substantially increasing our production capacity this year and we're pursuing opportunities to expand our product offerings and extend our geographic reach."
About Forbes
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About China Green Material Technologies, Inc.
Website: http://www.21cgmt.com
China Green Material Technologies, Inc. (OTCBB: CAGM) is a China-based manufacturer of starch-based biodegradable containers, tableware and packaging products. Headquartered in Harbin city of China, the Company currently has 153 employees. The Company has developed proprietary biodegradable food packaging materials technologies.
Safe Harbor Statement
This press release contains certain statements that may include
'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believe, expect, anticipate, optimistic, intend, will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risks and other factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
In China:
Feng Peng
HC International, Inc.
Tel: +86-138-12271616
Email: feng.peng@hcinternational.net
In the U.S.:
Christine Greany
HC International, Inc.
Tel: +1-858-523-1732
Email: christine.greany@hcinternational.net
