Capital Resource Funding Reports Positive Response From Visit by the Embassy of the Congo Government
July 23 2007 - 8:30AM
PR Newswire (US)
-Discusses Government Investment in African Congo Project- LIAONING
PROVINCE, China, July 23 /PRNewswire-FirstCall/ -- Capital Resource
Funding Corp. (OTC:CRFU) (BULLETIN BOARD: CRFU) , soon to be known
as China Sun Group High-Tech Co., announced today that on July 18,
2007, Malet wa Malua'a Soko J.D. Elie, the Economic Counselor of
the Embassy of the Democratic Republic of Congo in China, together
with other officials, paid a special visit to the Company. Mr.
Malet was assigned by the Congo Government to meet with Wang Bin,
chairman and president of Capital Resource Funding, and officials
in the city of Dalian, to discuss the investment plan and introduce
a policy to attract foreign funds for CRFU's planned production
facility in the African Congo. On June 19, 2007, Capital Resource
Funding's majority-owned subsidiary, Dalian Xinyang High-Tech
Development Co., Ltd. ("DLX") announced it entered into a
cooperation contract with Shengbao Group and South African Shengbao
Mining Enterprises to purchase 80% of the prospecting and mining
rights of a cobalt mine in Lubumbashi, Katanga, Democratic Republic
of Congo. DLX plans to set-up a facility near the mine for the
production of mined cobalt into cobalt oxalate. Mr. Malet visited
Capital Resource Funding's production base, focusing on their
production line, R&D center and trial workshop for new
products. "During the visit, Mr. Malet and other visiting
officials, indicated they were favorably impressed by our
production capacity and innovative capabilities. The Government of
Congo will strongly support DLX's mining right acquisition and
operations. Their cooperation is a significant step towards taking
our business to an international level and in making our mining and
production facilities a great success," said Mr. Bin. About Capital
Resource Funding, Inc. Capital Resource Funding, Inc., pending a
corporate name change to China Sun Group High-Tech Co., produces
anode materials used in lithium ion batteries. Through its
majority-owned operating subsidiary, Da Lian Xin Yang High-Tech
Development Co. Ltd ("DLX"), the Company primarily produces
cobaltosic oxide and lithium cobalt oxide. According to the China
Battery Industry Association, DLX has the second largest cobalt
series production capacity in China. Leveraging its technological
leadership in China, high- quality product line and scalable
production capacity, DLX plans to create a fully integrated supply
chain from the primary manufacturing of cobalt ore to finished
products, including lithium ion batteries. For more information,
visit http://www.china-sun.cn/English/Aboutus.asp. Safe Harbor
Statement Statements in this press release which are not historical
data are forward-looking statements which involve known and unknown
risks, uncertainties or other factors not under the company's
control, which may cause actual results, performance or
achievements of the company to be materially different from the
results, performance or other expectations implied by these
forward-looking statements. These factors include, but are not
limited to, those detailed in the company's periodic filings with
the Securities and Exchange Commission. DATASOURCE: Capital
Resource Funding Corp. CONTACT: Thomas Yang, Assistant to the
President of Capital Resource Funding Corp., +1-917-432-9350,
China: +86 411 8289-7752, Fax: +86 411 8289-2739, ; Investors:
Peter Clark, OTC Financial Network, +1-781-444-6100 X629, , for
Capital Resource Funding Corp. Web site: http://www.china-sun.cn/
http://www.otcfn.com/crfu
http://www.china-sun.cn/English/Aboutus.asp
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