TAIYUAN CITY, China, Feb. 17 /PRNewswire-Asia/ -- Longwei Petroleum Investment Holding Ltd. (OTC Bulletin Board: LPIH), a distributor of diesel, gasoline, fuel oil, and solvent oil operating in the Shanxi Province in China, today announced it will hold a conference call and webcast on Wednesday, February 18, 2009, at 10:15 a.m. EST (7:15 a.m. Pacific) to discuss its financial results for the three-month period, ended December 31, 2008 - the second quarter of Longwei’s fiscal year 2009.
To access the call, please contact the conference call operator at
1-888-233-7970, or 1-913-981-4913 for international calls, approximately 10 minutes prior to the scheduled start time, and ask for the “Longwei Petroleum Earnings Call to Report Financial Results for the Second Quarter Fiscal Year 2009 Conference Call.” A replay of the call will be available for seven days from 1:15 p.m. on February 18, 2009 until 11:59 a.m. on February 25, 2009. The number for the replay is 1-888-203-1112, or 1-719-457-0820 for international calls; the passcode for the replay is 1393745.
Interested parties may also listen via a live Internet webcast, which will be available at http://www.ViaVid.net and archived for one year.
About Longwei Petroleum Investment Holding Ltd.
Longwei is one of leading diesel, gasoline, fuel oil and solvent oil distributors/wholesalers in Taiyuan City, Shanxi Province, P.R. China. Longwei sells products mainly to large-scale gas stations, coal plants and power supply companies, and on a slighter scale to small, independent gas stations. The Company engages its business through its subsidiary, Longwei Trading, located in Taiyuan City, Shanxi Province. Longwei owns one state-of-the-art fuel storage facility at Taiyuan City, Shanxi Province, P.R. China. The facility includes 14 storage tanks with a total capacity of 50,000 metric tons and has ISO9000 certification.
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about Longwei’s industry, management’s beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Longwei’s operations are conducted in the PRC and, accordingly, are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the PRC and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. Other potential risks and uncertainties include but are not limited to the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.
For more information, please contact:
Investor Relations:
Dave Gentry
RedChip Companies, Inc.
Tel: +1-800-733-2447 x104
Email: info@redchip.com
