BEIJING, Dec. 21, 2016 /PRNewswire/ -- Recon
Technology, Ltd. (NASDAQ:RCON), ("Recon" or the "Company"), a
leading independent oilfield services provider operating primarily
in China, today announced that it
has retained The Equity Group Inc. of New
York, NY to provide investor relations services.
Management Commentary
Mr. Shenping Yin, Chairman and
CEO of Recon stated, "We believe that now is the right time in the
development of our Company to enhance our outreach efforts to the
capital markets. We have continued to benefit from our
technical advantages and reliable reputation in the oil industry,
with a focus on providing services that can help our customers
reduce costs throughout the oil processing cycle. In
addition, the Company has invested considerably in research and
development activities that has Recon well positioned for the
future. We look forward to partnering with The Equity Group
to communicate Recon's unique market position, strategy, track
record, and financial outlook to a larger and more diverse group of
investment professionals and media. The Equity Group came
highly recommended as a respected, experienced and results-driven
investor relations firm. We expect to implement an investor
relations strategy that will enhance our communication with
investors and the market."
About The Equity Group
The Equity Group Inc., which was founded in 1974, provides a
full spectrum of investor and financial public relations
service. For more information, please
visit www.theequitygroup.com.
About Recon Technology, Ltd. (NASDAQ: RCON)
Recon Technology, Ltd. is China's first listed non-state owned oil and
gas field service company on NASDAQ. Recon supplies China's largest oil exploration companies,
Sinopec (NYSE:SNP) and CNPC, with advanced automated technologies,
efficient gathering and transportation equipment and reservoir
stimulation measure for increasing petroleum extraction levels,
reducing impurities and lowering production costs. Through the
years, RCON has taken leading positions on several segmented
markets of the oil and gas filed service industry. RCON also has
developed stable long-term cooperation relationship with its major
clients, and its products and service are also well accepted by
clients. For additional information please visit us at
www.recon.cn.
Safe Harbor
This news release contains forward-looking statements as defined
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulation, and other risks contained in reports filed by the
company with the Securities and Exchange Commission. All such
forward-looking statements, whether written or oral, and whether
made by or on behalf of the company, are expressly qualified by the
cautionary statements and any other cautionary statements which may
accompany the forward-looking statements. In addition, the company
disclaims any obligation to update any forward-looking statements
to reflect events or circumstances after the date hereof.
Company Contact
Liu
Jia
Recon Technology, Ltd.
+86 (10) 84945799
info@recon.cn
Investor Relations
The Equity Group Inc.
In U.S.
Adam Prior, Senior Vice
President
+1 (212) 836-9606
aprior@equityny.com
In China
Katherine Yao, Senior Associate
+86-10-6587-6435
kyao@equityny.com
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SOURCE Recon Technology, Ltd.