NEW YORK, May 6 /PRNewswire-FirstCall/ -- Gushan Environmental Energy Limited ("Gushan"; NYSE: GU) announces that it will submit its unaudited first quarter 2008 financial results on Form 6-K to the U.S. Securities and Exchange Commission on Tuesday, May 13, 2008, to be followed by a conference call on the same day at 8:30 a.m. Eastern Daylight Time (or 8:30 p.m. Hong Kong Time) to discuss Gushan's first quarter financial results for the three months ended March 31, 2008.
To join the conference call, please use the dial-in details below:
US Toll Free Number 1.800.659.1966
US Toll Number: (for international callers) 1.617.614.2711
Hong Kong Toll Free Number 852.3002.1672
China Toll Free Number 10.800.130.0399
UK Toll Free Number 00.800.280.02002
UK Toll Number (for international callers) 44.207.365.8426
Passcode: 3402044
An audio webcast will also be available at http://www.chinagushan.com
A replay of the call will be available on the same day at 10:30 a.m. Eastern Daylight Time (or 10.30 p.m. Hong Kong Time) until May 20, 2008. To listen to the replay, please use the dial in details below:
US Toll Free Number: 1.888.286.8010
US Toll Number: (for international callers) 1.617.801.6888
Passcode: 80761255
About Gushan Environmental Energy Limited
Gushan Environmental Energy is China's largest producer of biodiesel, as measured by annual production capacity. The company produces biodiesel, a renewable, clean-burning and biodegradable fuel, primarily from vegetable oil offal and used cooking oil, and by-products from biodiesel production, including glycerine, plant asphalt, erucic acid and erucic amide. Gushan sells biodiesel directly to users, such as marine vessel operators, as well as to petroleum wholesalers and individual retail gas stations. The company currently operates four production facilities in Sichuan, Hebei, Fujian provinces and Beijing with a combined annual production capacity of 240,000 tons, or approximately 72 million gallons. The company targets to increase its annual production capacity to 400,000 tons, or approximately 120 million gallons, by the end of 2008 with the expansion or addition of new production facilities in Beijing, Shanghai, Hunan and Chongqing.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as "will," "may," "expect," "anticipate," "aim," "target," "intend," "plan," "believe," "estimate," "potential," "continue," and other similar statements. Statements other than statements of historical facts in this announcement are forward-looking statements, including but not limited to, our expectations regarding the expansion of our production capacities, our future business development, and our beliefs regarding our production output. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Gushan and the industry. Important risks and uncertainties that could cause Gushan's actual results to be materially different from expectations include but are not limited to the effect of intensifying competition in the biodiesel and alternative energy industries, the availability of suitable raw materials to Gushan, and the risks set forth in Gushan's filings with the U.S. Securities and Exchange Commission, including on Form F-1, as amended. Gushan undertakes no obligation to update forward-looking statements, except as may be required by law. Although Gushan believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
SOURCE Gushan Environmental Energy Limited
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