Puda Coal to Begin Trading on NYSE Amex on September 22, 2009
September 18 2009 - 8:00AM
PR Newswire (US)
TAIYUAN, China, Sept. 18 /PRNewswire-Asia-FirstCall/ -- Puda Coal,
Inc. (OTC:PUDZ) (BULLETIN BOARD: PUDZ) ("Puda Coal" or the
"Company"), a supplier of China's high grade metallurgical coking
coal used to make coke for the purposes of steel manufacturing,
today announced that the Company received approval to list its
common stock on NYSE Amex. Puda Coal expects to begin trading on
NYSE Amex on Tuesday, September 22, 2009, until which time its
shares will continue to trade on the Over-The-Counter (OTC)
Bulletin Board. In connection with the listing on NYSE Amex, the
stock symbol for Puda Coal will change to "PUDA" from "PUDZ". "We
are very pleased to soon begin our next phase as a public company
by moving our stock listing from OTC Bulletin Board to NYSE Amex,"
said Mr. Liping Zhu, President and CEO of Puda Coal, Inc. "We are
honored to join the NYSE group of companies, and this milestone
represents our continuous efforts to raise our profile within the
investment community, improve our stock's liquidity, expand our
transparency and enhance our corporate governance." About Puda
Coal, Inc. Puda Coal, through its subsidiaries, supplies premium
grade coking coal to the steel making industry in China for use in
making coke. The Company currently possesses 3.5 million metric
tons of annual coking coal cleaning capacity. Shanxi Province
provides 20 - 25% of China's coal output and supplies nearly 50% of
China's coke. For more information, please visit
http://www.pudacoalinc.com/ . Forward-looking Statements The
information contained herein includes forward-looking statements.
These statements relate to future events or to our future 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. For example, our
listing on NYSE Amex and the first trading date of our securities
on NYSE Amex are subject to any change NYSE may have. We assume no
obligation 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. For more information, please contact:
Company Contact: Laby Wu, Chief Financial Officer; Director of
Investor Relations Puda Coal, Inc. Tel: +86-10-6439-2405 Email:
Web: http://www.pudacoalinc.com/ Investor Relations Contact:
Crocker Coulson, President CCG Investor Relations Tel:
+1-646-213-1915 Email: Web: http://www.ccgirasia.com/ Elaine
Ketchmere, Partner VP Financial Writing CCG Investor Relations Tel:
+1-310-954-1345 Email: Web: http://www.ccgirasia.com/ DATASOURCE:
Puda Coal, Inc. CONTACT: Laby Wu, Chief Financial Officer and
Director of Investor Relations, of Puda Coal, Inc.,
+86-10-6439-2405, ; Investors, Crocker Coulson, President,
+1-646-213-1915, , or Elaine Ketchmere, Partner, VP Financial
Writing, +1-310-954-1345, , both of CCG Investor Relations Web
site: http://www.pudacoalinc.com/
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