NEW YORK, Feb. 3 /PRNewswire-Asia/ -- China Hydroelectric Corporation (NYSE: CHC, CHC-WS) ("China Hydroelectric" or the "Company"), a consolidator, operator and developer of small hydropower projects in China ("PRC"), today announced that it has retained HC International, Inc. ("HC International") as its strategic investor relations advisor to assist the Company in broadening its presence in the financial markets while helping investors gain a better understanding of China Hydroelectric's core business and financial attributes. Matthew Hayden, Scott Powell, and the rest of the HC International team will be advising the Company on all facets of corporate and financial communications.
"As a recently listed company on the NYSE, our ability to establish and implement an effective public communications strategy is a priority. The team at HC International is well-respected and has a proven track record of representing successful China-based, U.S.-listed companies," said Chairman and CEO John D. Kuhns of China Hydroelectric Corporation. "We are confident that HC International will enable us to proactively communicate our business model, value proposition, growth strategy and competitive advantages to the investment community, while providing a greater level of corporate transparency to both our shareholders and public investors alike."
About HC International, Inc.
HC International, Inc. is a China information resource for institutional investors, hedge funds, independent portfolio managers, buy and sell-side analysts, small to large retail brokerage firms and accredited individual investors. HC International will leverage its recognized investment community relationships to help capitalize on their clients' key business attributes, while helping management to articulate its future growth opportunities. Additionally, the firm will extend their clients' investor awareness programs, shareholder communications and coordinate introductions to key industry and sell-side analysts as part of a comprehensive IR program.
About China Hydroelectric Corporation
China Hydroelectric Corporation ("CHC" or the "Company") is a consolidator, operator and developer of small hydropower projects in China. Led by an international management team, the company's primary business is to identify and evaluate acquisition opportunities and acquire, operate and, in some cases, complete construction of small hydropower plants in China. China produces approximately 22% of its total energy from hydroelectric energy. The Company currently owns eleven operating hydropower projects in China with total installed capacity of 377 MW. These projects are located in four provinces: Zhejiang, Fujian, Yunnan and Sichuan. In addition, CHC recently expanded operations through the acquisition, pending government approval, of development rights to a 1,000 MW pumped storage hydropower plant in Henan.
For further information about China Hydroelectric Corporation, please visit the company's website at http://www.chinahydroelectric.com .
Forward-looking statements:
Statements contained herein that relate to the Company's future performance, including statements with respect to forecasted revenues, margins, cash generation and capital expenditures are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance or achievements to differ materially from those anticipated. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions, particularly the current downturn in the worldwide economy; our ability to obtain adequate supplies of raw materials; our ability to manage our expansion strategy; changes in foreign currency exchange rates; government regulation; difficulties in new product development; changing consumer tastes in disparate markets worldwide and our ability to address those changes; our ability to attract and retain highly qualified personnel; and other factors affecting our operations that are set forth in our Prospectus dated January 25, 2010 and filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact:
Company:
Mary Fellows, EVP and Secretary
China Hydroelectric Corporation
Phone: +1-860-435-7000
Email: mfellows@chinahydroelectric.com
Investor Relations:
Scott Powell
HC International, Inc.
Phone: +1-917-721-9480
Email: scott.powell@hcinternational.net
