lemm
13 years ago
news out !!!!!!!!
Press Release Source: China Valves Technology, Inc. On Tuesday June 14, 2011, 9:08 am EDT
ZHENGZHOU, China, June 14, 2011 /PRNewswire-Asia-FirstCall/ -- China Valves Technology, Inc. (NASDAQ:CVVT - News) ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced that one of the Company's subsidiaries, China Valve Technology (Changsha) Valve Co., Ltd. ("Changsha Valve"), received purchase orders for the Tibet Pangduo Hydro Project (the "Pangduo Project") and South-to-North Water Diversion Project worth several million USD in total. The Company expects to deliver these orders in July 2012 and October 2011, respectively.
The Pangduo Project is the largest water control project under construction in the Tibet Autonomous Region, focusing mainly on irrigation and hydropower generation and costing an estimated RMB 4.69 billion. The construction of the Pangduo Project was launched on July 15, 2009, and is expected to be completed in 2016.
For the South-to-North Water Diversion Project, Changsha Valve expects to provide electronic or manual butterfly valves. The purpose of the South-to-North Water Diversion Project is to improve utilization of water resources in China.
"The Pangduo Project is our first move into the Tibetan market, which is a region with rich water resources, and we expect to continue exploring this large and developing market," said Jianbao Wang, Chief Executive Officer of China Valves. "In addition, the purchase order for the South-to-North Water Diversion Project represented our leading market position in China's hydro market."
di4
16 years ago
China Valves Technology Announces Conference Call to Discuss First Quarter 2009 Results
May 14, 2009 2:07:00 PM
Email Story Discuss on ZenoBank
View Additional ProfilesKAIFENG, China, May 14 /PRNewswire-Asia-FirstCall/ -- China Valves Technology, Inc. (OTC Bulletin Board: CVVT) ("China Valves" or the "Company"), a leading metal valve manufacturer with operations in the People's Republic of China ("PRC"), today announced that the Company will host a conference call at 8:00 a.m. Eastern Daylight Time on Friday, May 15, 2009 to discuss its financial results for the first quarter 2009 ended March 31, 2009.
Conference Call
China Valves' management will host a conference call at 8:00 a.m. Eastern Daylight Time on Friday, May 15, 2009 to discuss results for the quarter ended March 31, 2008. The conference call will include Mr. Renrui Tang, Chief Financial Officer and Mr. Ray Chen, Vice President of Investor Relations. To participate in this live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 888-419-5570. International callers should call +1 617-896-9871. The Conference Pass Code is 490 027 38.
If you are unable to participate in the call at this time, a replay will be available for fourteen days starting from 10:00 a.m. Eastern Daylight Time on Friday, May 15, 2009. To access the replay, call 888-286-8010. International callers should call +1 617-801-6888. The Conference Pass Code is 977 530 73.
This conference call will also be broadcast live over the Internet and can be accessed by all interested parties on China Valves' website: http://www.cvalve.com . To listen to the live webcast, please go to China Valves' website at least fifteen minutes prior to the start of the call to register, download and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on China Valves' website for 90 days.
About China Valves Technology, Inc.
China Valves Technology, Inc. through its subsidiaries, Zhengzhou Zhengdie Valve Co, Ltd. and Henan Kaifeng High Pressure Valve Co., Ltd., is engaged in development, manufacture and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries. The Company has one of the best known brand names in China's valve industry, and its history can be traced back to 1959 when it was formed as a state-owned enterprise. The Company develops valve products by extensive research and development and owns a number of patents. It enjoys significant domestic market shares and exports to Asia and Europe. For more information, visit http://www.cvalve.com .
For more information, please contact:
China Valves Technology, Inc.
Ray Chen, VP of Investor Relations
Tel: 1-650-281-8375
+86-139-2527-9478
Email: raychen@cvalve.net
Web: http://www.cvalve.net/
CCG Investor Relations
Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Web: http://www.ccgirasia.com
SOURCE China Valves Technology, Inc.
----------------------------------------------
Ray Chen
VP of Investor Relations of China Valves Technology
Inc.
+1-650-281-8375
+86-139-2527-9478
raychen@cvalve.net; or Crocker Coulson
President of CCG Investor Relations
+1-646-213-1915
crocker.coulson@ccgir.com
di4
16 years ago
China Valves Technology, Inc. to Present at CCG IR's China Rising Conference in New York
May 4, 2009 5:42:00 PM
Email Story Discuss on ZenoBank
View Additional ProfilesBEIJING, May 4 /PRNewswire-FirstCall/ -- China Valves Technology, Inc. (OTC Bulletin Board: CVVT) ("China Valves" or the "Company"), a leading metal valve manufacturer with operations in the People's Republic of China (the "PRC"), today announced that its management will present at the upcoming China Rising Conference hosted by CCG Investor Relations in New York, NY on May 18, 2009.
The date, time and location of China Valves' presentation at the China Rising Conference are:
Date: Monday, May 18, 2009
Time: 10:30 a.m. to 11:00 a.m. Eastern Time
Presenter: Mr. Ray Chen, VP of Investor Relations
Venue: The Yale Club
50 Vanderbilt Avenue
New York, NY 10017
Webcast: http://www.chinarisingconference.com/webcast.html
A replay of the webcast will be available for up to one year following the presentation using the same link.
The China Rising Investment Conference is hosted by CCG Investor Relations and will provide over 250 fund managers and investors access to senior management from a wide range of Chinese growth companies in sectors including consumer staples, agriculture, pharmaceuticals, infrastructure, information technology, advanced materials, capital goods, and alternative energy. The conference will include over 30 US-listed Chinese companies and a number of private companies.
Interested parties and investors can find more information for the conference by visiting CCG's China Rising conference website at: http://www.chinarisingconference.com.
About China Valves Technology, Inc.
China Valves Technology, Inc. through its subsidiaries, Zhengzhou Zhengdie Valve Co, Ltd., Henan Kaifeng High Pressure Valve Co., Ltd., and Tai Zhou Tai De Valve Co., Ltd., is engaged in development, manufacture and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries. The Company has one of the best known brand names in China's valve industry, and its history can be traced back to 1959 when it was formed as a state-owned enterprise. The Company develops valve products by extensive research and development and owns a number of patents. It enjoys significant domestic market shares and exports to Asia and Europe. For more information, visit http://www.cvalve.com
Safe Harbor Statements
Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to develop and market new products, the ability to access capital for expansion, the ability to acquire other companies, changes from anticipated levels of sales, changes in national or regional economic and competitive conditions, changes in relationships with customers, changes in principal product profits and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to update or revise to the public any forward-looking statements, whether as a result of new information, future events or otherwise. This press release was developed by China Valves, and is intended solely for informational purposes and is not to be construed as an offer or solicitation of an offer to buy or sell the Company's stock. This press release is based upon information available to the public, as well as other information from sources which management believes to be reliable, but it is not guaranteed by China Valves to be accurate, nor does China Valves purport it to be complete. Opinions expressed herein are those of management as of the date of publication and are subject to change without notice.
Company Contact: Investor Relations Contact:
Ray Chen, VP of Investor Relations Mr. Crocker Coulson, President
China Valves Technology, Inc. CCG Investor Relations
E-mail: raychen@cvalve.net E-mail: crocker.coulson@ccgir.com
Tel: +1-650-281-8375 Tel: +1-646-213-1915 (NY office)
+86-1392 527 9478 Graham Reed, Financial Writer
Website: http://www.cvalve.com E-mail: graham.reed@ccgir.com
Tel: +1-646-213-1907
Website: www.ccgirasia.com
SOURCE China Valves Technology, Inc.
----------------------------------------------
Company
Ray Chen
VP of Investor Relations
China Valves Technology
Inc.
+1-650-281-8375
or +86-1392-527-9478
raychen@cvalve.net; or Investor Relations
Crocker Coulson
President of CCG Investor Relations
+1-646-213-1915 (NY office)
crocker.coulson@ccgir.com; or Graham Reed
Financial Writer
+1-646-213-1907
graham.reed@ccgir.com
atout
17 years ago
China Valve Holding, Limited, Completes Share ExchangeLast update: 12/19/2007 12:33:00 PMKAIFENG, China, Dec 19, 2007 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- China Valve Holding, Limited a company incorporated in Samoa, today announced that it completed a stock purchase and share exchange agreement with Intercontinental Resources, Inc., a Nevada company. China Valve Holding, Limited has controlling interest of Zhengzhou Zhengdie Valve Co, Ltd. and Henan Kaifeng High Pressure Valve Co., Ltd., two companies located in the People's Republic of China that develop, manufacture and sell high-quality metal valves for the electricity, petroleum, chemical, water, gas and metal industries. Intercontinental Resources is a public company listed on the Over the Counter Bulletin Board (INCL). As a part of the share exchange, Intercontinental Resources will change its name to China Valves Technology, Inc. In addition, pursuant to the share exchange, the Company's new management team includes CEO and Chairman Mr. Siping Fang and COO Mr. Junfeng Zhu, each of whom has over 20 years experience in the valve industry. After the share exchange, the Company had approximately 40,106,500 shares of common stock outstanding. China Valves is a leading manufacturer of sophisticated metal valves for use in the electricity generation, chemical, energy, water and metallurgy industries. A comprehensive line of products in the high-end valve market were developed through the Company's research and development efforts, which also led to a number of patents and proprietary techniques. China Valves utilizes a well-established sales network to reach over 400 industrial clients located mostly in the wealthy southeastern coastal region of China. China Valves currently exports to the rest of Asia and Europe, and its products are used by Original Equipment Manufacturers. "We are extremely pleased with this share exchange. This milestone event will usher in a new era for our company in the Chinese valves industry. We plan to further develop our product line through increased research and development and other efforts," said Mr. Siping Fang. "We are a long-standing market leader in China's valve industry and I see many opportunities for our sophisticated products. The rapid growth of the Chinese economy gives us new market opportunities." The biggest five segments of China's valve industry are expected to grow at 32% per year from 2006 through 2009 when they will reach $12.1 billion a year in total sales. Rapid urbanization and industrialization in China has created high-sustained growth for thermal/nuclear power electricity generation, oil and gas transportation, and water and sewage networks. Each of these sectors has large and unique demands for high quality industrial valves that can withstand harsh environments, creating opportunities for firms that manufacture sophisticated products. The Chinese government has implemented a number of favorable policies for the machinery industry and welcomes industry consolidation. About the Share Exchange On December 18, 2007, Intercontinental Resources, Inc. entered into a Stock Purchase Agreement and Share Exchange with China Valve Holding, Limited that resulted in a merger between the two companies. Pursuant to the terms of the Exchange Agreement, Intercontinental Resources, Inc. acquired all of the outstanding capital stock and ownership interests of China Valve Holding Limited from its shareholders for a total of 40,000,000 shares, or 99.8% of the Company's common stock. Additionally, Intercontinental Resources, Inc. will change its name to China Valves Technology, Inc. to better reflect its business. Additional details about China Valves Technology, Inc. and the share exchange can be found in the Company's 8K which will be filed with the SEC on or before Friday, December 21, 2007. About China Valves Technology China Valves Technology, Inc. through its controlled Chinese subsidiaries, Zhengzhou Zhengdie Valve Co, Ltd. and Henan Kaifeng High Pressure Valve Co., Ltd., is engaged in the development, manufacture and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries. One of the best-known brand names in China's valves industry, the Company's history can be traced back to when it was a state- owned enterprise in 1959. The Company's products are the result of extensive research and development, which also led to a number of patented products and manufacturing processes. China Valves has significant market shares in a number of domestic industries and exports to the rest of Asia and Europe. Safe Harbor Statement Certain statements set forth in this press release constitute "forward- looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial condition to differ materially from what is included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. Potential risks and uncertainties include, among others, currently unknown and unforeseeable constraints on the Company's ability to continue operations, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in United States Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions in equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
For more information, please contact: China Valves Technology, Inc. Ray Chen, VP of Investor Relations Tel: +86-0378-2995730 Email: CVHL@cvalve.net Website: CCG Elite Investor Relations Crocker Coulson, President Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.comSOURCE China Valves Technology, Inc.
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