BEIJING, March 4 /PRNewswire-Asia/ -- China LianDi Clean Technology Engineering Ltd. (OTC Bulletin Board: RMSI) ("China LianDi" or "the Company"), a leading provider of clean technology, downstream flow equipment, engineering services and software to China's leading petroleum and petrochemical companies, announced today that it has retained HC International, Inc. as its strategic investor relations advisor to help the Company in broadening its presence in the financial markets while helping investors gain a better understanding of China LianDi's core business, growth plans and financial attributes. Matthew Hayden, Ted Haberfield, and the rest of the HC International team (HCI), will be advising the Company in all facets of corporate and financial communications.
"The successful completion of our merger and private placement transaction are important accomplishments for China LianDi," stated Mr. Jianzhong Zuo, Chairman, Chief Executive Officer and President of the Company."
"As a new public company, we have selected HC International to provide us with strategic investor relations services to increase and improve our corporate communications, while optimizing corporate transparency to our shareholders. The HCI team is well-respected and has a proven track record of representing successful China-based, US-listed companies. We are confident HCI will help us to proactively convey our business model, growth strategy, competitive advantages, and value proposition to the investment community at large," Mr. Zuo concluded.
"The rapid growth in petroleum exploration and consumption in China has contributed to a significant increase in China LianDi's revenues, net income and contract backlog. This business driver, coupled with the growing emphasis on clean technology used in the petroleum and petrochemical industries, have created unprecedented opportunities for the Company," said Matthew Hayden, President of HC International Inc. "We look forward to developing and implementing a comprehensive investor communications and marketing strategy to further expand China LianDi's audience in all segments of the financial community."
About China LianDi Clean Technology Engineering Ltd.
China LianDi was established in July 2006 to serve the largest Chinese petroleum and petrochemical companies. Through its four operating subsidiaries, HuaShen Trading (International) Ltd., Petrochemical Engineering Ltd., Bright Flow Control Ltd. and Beijing JianXin Petrochemical Engineering Ltd., the Company distributes a wide range of customized valves and equipment and provides associated value-added technical and integration service. The Company also develops and markets proprietary optimization software for the polymerization process. In addition, LianDi is focused on the large, rapidly growing, clean technology market for oil refineries, projected to reach over $1 billion in the next 10 years. This market is expected to benefit from favorable Chinese government policies, including tax benefits and other incentives.
About HC International, Inc.
HC International, Inc. is a premier China information resource for its contact base, which consists of institutional investors, hedge funds, independent portfolio managers, buy and sell-side analysts, retail brokerage firms and accredited investors. HCI assists its clients with corporate positioning, defining key business attributes, and properly articulating their future growth plans. Additionally, HCI implements investor awareness and shareholder communications as part of its comprehensive IR program.
Cautionary Statement Regarding Forward-Looking Information
This press release may contain certain "forward-looking statements" relating to the business of China LianDi Clean Technology Engineering Ltd., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the impact of the proceeds from the private placement on the Company's short term business and operations,; the general ability of the Company to achieve its commercial objectives, including the ability of the Company to sustain growth; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ).
For more information, please contact:
Company:
Joe Levinson, VP of Corporate Communications
Tel: +1-646-884-0829
Email: joe.levinson@china-liandi.com
Investor Relations:
HC International, Inc.
Ted Haberfield, Executive VP
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
