XI'AN, China, Jan. 13 /PRNewswire-Asia/ -- China Natural Gas, Inc.
(Nasdaq: CHNG), a leading provider of compressed natural gas for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi'an, China, today announced that it has hired RedChip Companies, Inc. to lead its investor relations outreach programs.
Mr. Qinan Ji, Chairman and Chief Executive Officer of China Natural Gas, Inc., stated: "We chose RedChip Companies to lead our investor and public relations program based on their success in increasing visibility for public companies as well as their expertise in market positioning, their strong international presence and their best-in-class products and services. We are certain that RedChip will bring an unmatched level of professionalism to our team, helping China Natural Gas build solid and lasting relationships with new investors while strengthening existing relationships with current investors."
Dave Gentry, President and Chief Executive Officer of RedChip Companies, Inc., said: "We are very excited for the opportunity to represent China Natural Gas, the first China-based natural gas company that trades publicly on a United States stock exchange. The Company enjoys strong growth and is poised to continue its expansion as it nears completion of a liquefied natural gas processing and distribution plant in Jingbian, and expands its presence into heavily populated Henan province. We look forward to introducing China Natural Gas to RedChip's investor network as we launch a comprehensive investor relations program."
About China Natural Gas, Inc.
China Natural Gas transports and sells natural gas to vehicular fueling terminals, as well as commercial, industrial and residential customers through its distribution networks in China's Shaanxi and Henan Provinces. The Company owns approximately 120 km of high-pressure pipelines and operates 24 CNG fuelling stations in Shaanxi Province and 12 CNG fuelling stations in Henan Province. China Natural Gas' four primary business lines include: (1) the distribution and sale of CNG through Company-owned CNG fuelling stations for hybrid (natural gas/gasoline) powered vehicles; (2) the installation, distribution and sale of piped natural gas to residential, commercial and industrial customers through Company-owned pipelines; (3) the distribution and sale of gasoline through Company-owned CNG fuelling stations for hybrid (natural gas/gasoline) powered vehicles; and (4) the conversion of
gasoline-fueled vehicles to hybrid (natural gas/gasoline) powered vehicles through its auto conversion division.
Safe Harbor: Forward-Looking Statements
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. China Natural Gas, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 10-K, 10-Q and 8-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, risks outlined in the Company's filings with the U.S. Securities and Exchange Commission, including its registration statements on Forms S-1 and S-3, in each case as amended. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For more information, please contact:
At the Company:
China Natural Gas, Inc.
Jacky Shi
Investor Relations Director
Tel: +86-29-8832-3325 x922
Cell: +86-139-9287-9998
Email: yjshi@naturalgaschina.com
Investor Relations:
RedChip Companies, Inc.
Jon Cunningham
Tel: +1-800-733-2447 x107
Email: info@redchip.com
Web: http://www.RedChip.com
