TAIYUAN, China, Sept. 19 /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 that the Company’s Chairman and Chief Executive Officer, Mr. Zhao Ming, and Director of Investor Relations, Mr. Wenwei Tian, attended the China International Coal & Energy New Industry Expo ("CICEN Expo") held from September 16 through 18 in Taiyuan, Shanxi province.
The CICEN Expo was organized by the Ministry of Commerce of China and the People’s Government of Shanxi Province. The annual event aims to promote improvements to the traditional coal industry, accelerate integrated utilization, form a stable, environmentally friendly and profitable system of resources and build an international platform to promote communication and cooperation in the international coal and energy industries. The CICEN Expo was attended by some of the world’s largest coal and energy enterprises, scientific research institutions and industry associations.
During the event, Mr. Zhao Ming and Mr. Tian met with industry experts to exchange ideas and discuss industry trends. They also met with existing and potential suppliers as well as a number of customers from all over the country.
"The Chinese government has instituted more environmental regulations across the coal industry, including raising the proportion of cleaned coal used by coke and steel companies in an effort to upgrade their product qualities," commented Mr. Zhao Ming. "Puda Coal plans to accelerate integrated utilization and form a stable, environmentally friendly and profitable system to better serve the market."
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 3.5 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:
Company Contact:
Wenwei Tian
Director of Investor Relations
Puda Coal, Inc.
Tel: +86-351-228-1302
Email: awtian@yahoo.com
Investor Relations Contact:
Crocker Coulson
President
CCG Elite
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
