TAIYUAN, Shanxi, China, July 5 /Xinhua-PRNewswire-FirstCall/ -- Puda Coal, Inc. (OTC Bulletin Board: PUDC) ("Puda Coal" or "the Company"), a leading supplier of China's high grade metallurgical coking coal used to make coke for the purposes of steel manufacturing, today announced the appointment of Mr. Ni Jianfei as an independent director to the Company's board of directors. This appointment is in line with the Company's commitment to enhance its corporate governance practices.
Mr. Ni has extensive experience in coal industry research, coal mine design and management, operations and risk control, most recently at a coal mine design and consulting company. Mr. Ni served in Taiyuan Institute of Coal Industry Design & Research for over 25 years, and he was Vice President and Chief Engineer before he retired in 2005, and served as an engineer at Siwangzhang Coal Mine, Guangdong for 12 years. He graduated from China University of Mining & Technology in 1968 and holds a senior engineer certificate issued by the Chinese government.
"We are delighted to welcome Mr. Ni to our board. His expertise and experience in the coal industry will be a major asset to Puda Coal," stated Zhao Ming, Chairman and Chief Executive Officer. "We will pursue other qualified directors to serve on our board, as we further strengthen our corporate governance and oversight."
About Puda Coal, Inc.
Puda Coal, through its affiliates and controlled entities, supplies premium grade coking coal to the steel making industry for use in making coke. The Company currently possesses 2.7 million metric tons of annual coking coal cleaning capacity, and management believes it is the largest coking coal cleaning company in terms of capacity in Shanxi Province, China. Shanxi Province provides 20 - 25% of China's coal output and supplies nearly 50% of China's coke.
Forward-Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future anticipated financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We do not intend to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
For more information, please contact:
Investor Relations Contact:
Crocker Coulson, President
CCG Elite
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Company Contact:
Wenwei Tian, Director of Investor Relations
Puda Coal, Inc.
Tel: +86-351-228-1302
Email: awtian@yahoo.com
