PINGDINGSHAN, China,
Nov. 30, 2017 /PRNewswire/ -- Yulong Eco-Materials
Limited (Nasdaq: YECO) ("Yulong" or "the Company"), a
leading vertically integrated manufacturer of eco-friendly building
products and a leading producer of fly-ash bricks and concrete
announced on November 30, 2017, that
the Nasdaq Hearings Panel has determined that the Company has
demonstrated compliance with the $1.00 bid price requirement and all other
applicable requirements for continued listing. As a result, the
Nasdaq hearing file has been closed.
About Yulong Eco-Materials
Yulong Eco-Materials Ltd. ("Yulong" or the "Company") is
incorporated in Cayman Island and is located in Pingdingshan City,
Henan Province, China. Yulong is the leading producer of
eco-friendly fly-ash bricks and concrete in Pingdingshan. The
Company has a market share of 51% in the brick market and 30% in
the concrete market in Pingdingshan in both fiscal year 2014 and
2013. The Company currently owns its assets and conducts its
operations through its subsidiary, Zhengzhou Xing De Enterprise
Management & Consulting Co., Ltd.
Forward-Looking Statements
This press release contains forward-looking statements,
particularly as related to, among other things, the business plans
of the Company, statements relating to goals, plans and projections
regarding the Company's financial position and business strategy.
The words or phrases "plans," "would be," "will allow," "intends
to," "may result," "are expected to," "will continue,"
"anticipates," "expects," "estimate," "project," "indicate,"
"could," "potentially," "should," "believe," "think," "considers"
or similar expressions are intended to identify "forward-looking
statements." These forward-looking statements fall within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Act of 1934 and are subject to the safe
harbor created by these sections. Actual results could differ
materially from those projected in the forward-looking statements
as a result of a number of risks and uncertainties. Such
forward-looking statements are based on current expectations,
involve known and unknown risks, a reliance on third parties for
information, transactions or orders that may be cancelled, and
other factors that may cause our actual results, performance or
achievements, or developments in our industry, to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Factors that could
cause actual results to differ materially from anticipated results
include risks and uncertainties related to the fluctuation of
local, regional, and global economic conditions, the performance of
management and our employees, our ability to obtain financing,
competition, general economic conditions and other factors that are
detailed in our periodic reports and on documents we file from time
to time with the Securities and Exchange Commission. Statements
made herein are as of the date of this press release and should not
be relied upon as of any subsequent date, and the Company
specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences, developments,
unanticipated events or circumstances after the date of such
statement.
Contact:
Yulong Zhu, CEO
+86-375-8888-988
Email: yulongeco@163.com
Website: http:// www.yulongeco.com
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SOURCE Yulong Eco-Materials Limited