BEIJING, Feb. 24 /PRNewswire-Asia/ -- Sino Gas International Holdings, Inc. ("the Company") (OTC Bulletin Board: SGAS), announced today that Mr. Yong Li was appointed a director and a member of the audit committee on February 22, 2010. Mr. Li was a partner at Investwide LLC and Investwide Capital LLC from January 2005 to May 2009, where he managed investment strategies. He is Managing Director of Midway Group LP in New York, NY, in charge of risk management, and has been with the firm since February 2003. Mr. Li is also a member of the board of Sino Clean Energy. Mr. Li graduated from China's Sichuan University in 1987 with a B.S. in Computer Science. He also received a M.S. in Mathematics and Computer Science in 1989 and a Ph.D. in Computer Science/Operations Research in 1992 from Pennsylvania State University.
Mr. Yu-Chuan Liu, Chairman and CEO of Sino Gas International commented, "Given Mr. Yong Li's US capital markets experience and extensive knowledge of Chinese clean energy-related company from an investment perspective, he will be a strong resource to Sino Gas. We currently have a strong board consisting of individuals with deep industry, financial, and corporate backgrounds. We believe that the addition of Mr. Li will further help guide Sino Gas to build long-term shareholder value and strengthen our business."
About Sino Gas International Holdings, Inc.
The Company, through its indirectly wholly-owned subsidiary, Beijing Zhong Ran Wei Ye Gas Co., Ltd. ("Beijing Gas"), and the subsidiaries of Beijing Gas, is a leading developer of natural gas distribution systems in small and medium size cities in China, as well as a distributor of natural gas to residential, commercial and industrial customers in China. The Company owns and operates 37 natural gas distribution systems serving approximately 130,500 residential and five commercial and industrial customers. Facilities include approximately 710 kilometers of pipeline and delivery networks with a daily capacity of approximately 90,000 cubic meters of natural gas. The Company owns and operates natural gas distribution systems in Beijing, Hebei, Jilin, Jiangsu, Anhui and Yunnan Provinces. The Company's website is: http://www.sino-gas.com .
Forward-Looking Safe Harbor Statement
Statements in this news release regarding future financial and operating results, potential applications of the Company's technology, opportunities for the Company, and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements including: limited operating history, need for future capital, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company's periodic reports, including Forms 10-K, 10-Q, 8-K, and other forms filed with the Securities and Exchange Commission ("SEC"). These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
For more information, please contact:
Sino Gas International Holdings, Inc.
Chunying Chai, IR Officer
Tel: +86-10-8260-0041 x883
Email: chaichunying@sino-gas.com
Web: http://www.sino-gas.com
Investor Relations Contact:
Strategic Growth International
Richard Cooper/ Linda Ni
Tel: +1-212-838-1444
Email: rcooper@sgi-ir.com; lni@sgi-ir.com
Web: http://www.sgi-ir.com