BEIJING, March 1 /Xinhua-PRNewswire-FirstCall/ -- China Shen Zhou Mining & Resources, Inc. (OTC Bulletin Board: CSZM) today announced that that it has engaged Grobstein, Horwath & Company as its new independent auditor, effective immediately.
Grobstein, Horwath & Company is part of the well-known worldwide accounting network of Horwath International. Besides its strong US presence, Horwath International currently has eight member firms located in China including Horwath Shanghai, Beijing, Wuhan, Guangzhou, Hong Kong, Qingdao, Nanjing and Dalian.
Xiao-Jing Yu, Chief Executive Officer of China Shen Zhou Mining & Resources stated, "We look forward to working with this internationally established auditing firm and believe that today's announcement is another step to further solidifying our financial infrastructure."
About China Shen Zhou Mining & Resources, Inc.
China Shen Zhou Mining & Resources, Inc. conducts all of their business through its subsidiary, AFMG, which, in turn, conducts its business through its Subsidiaries. The principal business of AFMG is the exploration, development, mining, and processing of fluorite, zinc, lead, copper, and other non-ferrous metals in the PRC. AFMG currently has two principal areas of interest in the PRC: (a) fluorite exploration and processing in Wumeng of the Inner Mongolia Autonomous Region; and (b) zinc & lead processing in Bameng of the Inner Mongolia Autonomous Region.
Safe Harbor Statement
Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
For more information, please contact:
Ashley M. Ammon & Bill Zima
Integrated Corporate Relations, Inc.
Tel: +1-203-682-8200 (Investor Relations)
