DALIAN, China, Feb. 12 /Xinhua-PRNewswire-FirstCall/ -- Energroup Holdings Corporation (OTC Bulletin Board: ENHD), through its direct and indirect subsidiaries collectively referred to as Dalian Precious Sheen Investments Ltd., ("Chuming"), a Dalian-based processor and supplier of fresh and prepared meat products in China, today announced the Company will present at the ROTH Capital Partners 20th Annual OC Growth Stock Conference on Thursday, February 21, 2008 at 9:00 a.m. PST. The Roth OC Conference will be held at the Ritz Carlton in Laguna Niguel, California.
Chuming management will discuss the Company's product lines, their sales by product category and market segment, growth plans for 2008, and give guidance on their 2007 financial results and 2008 forecast. For the first 9 months of 2007, the Company recorded revenues of $89.7 million vs. $70 million for the same period in 2006 and net income of $8.3 million and $7.3 respectively.
The presentation will be held in the hotel's Ritz Ballroom Salon 3 (China Track). A breakout session will immediately follow and management will participate in one-on-one meetings with analysts and investors throughout the three-day event.
Participation is by invitation only. For more information on the conference, contact your Roth representative or visit www.rothcp.com.
About the ROTH Conference
Now in its 20th year, the ROTH Annual OC Conference will feature presentations from over 300 small-cap companies including over 60 U.S.-listed Chinese companies. The distinguished list of presenting companies have been identified by the firm's award-winning research team and are representative of a broad spectrum of sectors, including Technology, Healthcare, Energy and Industrial as well as Consumer Products.
About Chuming
Based in Liaoning Province, Chuming is a leading regional producer and distributor of fresh and prepared meat products in Northeastern China, which has a population of 108 million. The Company operates through its subsidiaries, including Dalian Chuming Slaughter and Packaging Pork Company, Ltd., Dalian Chuming Processed Foods Company, Ltd., and Dalian Chuming Sales Company, Ltd., and focuses on pork, the most consumed meat in China. Chuming is a vertically-integrated company specializing in proprietary livestock farming, processing and distribution of Chuming-branded products. The Company is a contract supplier of premium pork products to more than 3,600 retail locations, including Wal-Mart, Metro, Carrefour, New-Mart, Hymall and its own network of 500+ Chuming-branded franchise stores. Chuming's processing and distribution facilities maintain ISO 9001 Quality Management System and Hazard Analysis and Critical Control Point (HACCP) certification. Chuming is the first company in China's meat industry to receive "Green Food" certification from the Ministry of Agriculture.
Cautionary Statement Regarding Forward Looking Information
Certain statements in this news release may contain forward-looking information about Chuming and its business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, market and customer acceptance and demand for products, ability to market products, fluctuations in foreign currency markets, the use of estimates in the preparation of financial statements, the impact of competitive products and pricing, the ability to develop and launch new products on a timely basis, the regulatory environment, fluctuations in operating results, and various other factors beyond its control. All forward- looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. Chuming undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
