SHANGHAI, China, Nov. 8 /Xinhua-PRNewswire/ -- China Precision Steel (Nasdaq: CPSL), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, announced that it has launched a new bilingual corporate website under the domain name of http://www.chinaprecisionsteelinc.com .
The new website provides key information on China Precision Steel’s business strategy, corporate governance, investor relations and products in both English and Chinese. The website enhances China Precision Steel’s corporate branding efforts and strengthens communications with investors, customers and business partners. China Precision Steel’s investor relations agency, CCG Elite, designed the corporate website.
"The launch of our bilingual website is an important step in increasing our profile with customers and investors, both domestically and internationally," commented Dr. Wo Hing Li, China Precision Steel’s Chairman and CEO. "As a U.S. publicly-traded company, we are committed to providing high-quality, transparent disclosure as well as enhancing our visibility in the market place. We believe our new website accomplishes both of these goals."
About China Precision Steel
China Precision Steel is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment, and cutting medium and high carbon hot-rolled steel strips. China Precision Steel produces high precision ultra-thin and high-strength (0.03 mm to 7.5 mm) cold- rolled steel products primarily for automotive components, food packaging materials, saw blades and textile needle manufacturing companies in the People’s Republic of China. The Company’s operations are primarily located in China, with sales to Southeast Asia and Africa. For more information please visit http://www.chinaprecisionsteelinc.com .
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are based upon the current beliefs and expectations of the Company’s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in China, weather and natural disasters, changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which the Company is engaged; cyclicality of steel consumption including overcapacity and decline in steel prices, limited availability of raw material and energy may constrain operating levels and reduce profit margins, environmental compliance and remediation could result in increased cost of capital as well as other relevant risks not included herein. The information set forth herein should be read in light of such risks. The Company does not assume any obligation to update the information contained in this press release.
For more information, please contact:
Crocker Coulson, President
CCG Elite
Tel: +1-310-231-8600
Email: crocker.coulson@ccgir.com
Leslie Richardson, Financial Writer
CCG Elite
Tel: +1-310-231-8600
Email: leslie.richardson@ccgir.com
China Precision Steel
Leada Li, CFO
Email: leadali@biznetvigator.com
