NEW YORK and DALIAN, China, Sept. 22 /Xinhua-PRNewswire-FirstCall/ -- China Industrial Waste Management, Inc. (OTC Bulletin Board: CIWT) ("China Industrial" or "the Company"), a leading environmental protection company in Dalian, China, today announced it has retained HC International to lead a strategic communications program ("the IR program"). HC International will initiate a proactive and targeted investor relations campaign during the coming year. Matthew Hayden and Alan Sheinwald of HC International, and their team, will be advising the Company in all facets of public financial and corporate communications.
China Industrial Waste Management, Inc., ("CIWT") through its 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd. ("Dongtai") and other indirect subsidiaries, is engaged in the collection, treatment, disposal and recycling of industrial wastes principally in Dalian, China and surrounding areas in Liaoning Province, China. The company was founded in 1991 and is based in Dalian, China. For the first six months of 2008, revenues increased 62% to $6.7 million while net income increased 101% to $2.7 million.
HC International is a premier information resource to small-cap investors and investment professionals. HC International will help articulate China Industrial Waste Management's strong asset base, defensible business model and future growth opportunities to a much larger audience of investors, including institutional investors, hedge funds, independent portfolio managers, buy-side and sell-side analysts, small to large retail brokerage firms and accredited individual investors. Additionally, the firm will extend CIWT's investor awareness programs, shareholder communications while introducing the company to sell-side research firms.
"The team at HC International is well-respected and has a proven track record of representing successful China-based, U.S.-listed companies," said Mr. Dong Jinqing, Chairman of China Industrial Waste Management, Inc. "After careful review, we selected HC International to ensure that both our shareholders and members of the investment community are properly informed of our growth strategy and competitive advantages. We are confident they will help us to improve our overall communication capabilities, which includes delivering our story and subsequent milestones to a larger, targeted base of investors."
"CIWT is a profitable China-based waste management company, with a great reputation that serves over 600 customers, including companies such as Pfizer, Canon and Panasonic, and is uniquely positioned to capitalize on several long term trends in China," said Matthew Hayden, President of HC International, "The PRC State Environment Protection Administration ("SEPA") understands that China suffers from significant environmental issues and has been implementing measures to strengthen ecological and environmental protection throughout the PRC and has placed a strong emphasis on environmental protection investment in its Eleventh Five-year Plan. As one of the first companies granted an operating permit by SEPA and the only company in Liaoning province that provides a comprehensive array of waste management and environmental protection services, China Industrial Waste Management offers a portfolio of services customized to meet its customer needs which bodes well for the future growth of its business."
About HC International, Inc.
HC International is a focused and dedicated organization that acts as a premier information resource for institutional investors, hedge funds, buy and sell-side analysts, small to large brokerage firms and accredited investors. HC International helps to position their clients' corporate information in a clear, concise and consistent manner while facilitating introductions to the appropriate investor base. HC International maintains offices in the U.S. and China. For further information, please contact HC International directly, or visit the Company's web site at http://www.hcinternational.net .
About China Industrial Waste Management, Inc.:
China Industrial Waste Management, Inc., through its 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd., is engaged in the collection, treatment, disposal and recycling of industrial wastes principally in Dalian, China and surrounding areas in Liaoning Province. The Company provides waste disposal solutions to its more than 600 customers from facilities located in the Economic and Technology Development Zone, Dalian, PRC. Dalian Dongtai treats, disposes of and/or recycles a variety of industrial wastes through incineration, burial and/or water treatment, and recycles, processes and/or resells waste products for use as raw materials in the production of chemical and metallurgy products. In addition, Dalian Dongtai provides environmental protection services, technology consultation, pollution treatment services, and waste management design processing services.
Forward-looking Statements:
This release includes "forward-looking statements." You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain such words as "may," "project," "might," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or the negative or other variations thereof or comparable terminology. These forward-looking statements are based on current expectations and projections about future events. Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified and, consequently, our actual performance may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the following factors, as well as other factors described from time to time in our reports filed with the Securities and Exchange Commission: the timing and magnitude of technological advances; the prospects for future acquisitions; the effects of political, economic and social uncertainties regarding the governmental, economic and political circumstances in the People's Republic of China, the possibility that a current customer could be acquired or otherwise be affected by a future event that would diminish their waste management requirements; the competition in the waste management industry and the impact of such competition on pricing, revenues and margins; uncertainties surrounding budget reductions or changes in funding priorities of existing government programs and the cost of attracting and retaining highly skilled personnel; our projected sales, profitability, and cash flows; our growth strategies; anticipated trends in our industries; our future financing plans; and our anticipated needs for working capital.
Forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.
For further information, contact:
Ms. Guo Xin, CFO
Tel: +86-411-8581-1229
Email: hellenguo@chinaciwt.com
Mr. Zhang Dazhi, Company Secretary
Tel: +86-411-8259-5339
Email: darcy.zhang@chinaciwt.com
Web: http://www.chinaciwt.com
Alan Sheinwald
HC International, Inc.
56 June Road
North Salem, NY 10560
Tel: +1-914-669-5340(US)
Email: alan.sheinwald@hcinternational.net
Web: http://www.hcinternational.net
SOURCE China Industrial Waste Management, Inc.
International News / Press Release source: PR Newswire
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