BEIJING, Feb. 15, 2011 /PRNewswire-Asia-FirstCall/ --
LianDi Clean Technology Inc. (OTC Bulletin Board: LNDT), ("LianDi"
or the "Company"), a leading provider of clean technology,
downstream flow equipment, engineering services and software to
China's leading petroleum and
petrochemical companies, today announced the Company will release
its fiscal year 2011 third quarter financial results by
Tuesday, February 22, 2011. The
Company filed a Form 12b-25 with the U.S. Securities and Exchange
Commission (SEC), which provides the Company with five additional
calendar days to file its Form 10-Q for the three months ended
December 31, 2010. The auditors
needed additional time to complete the warrant derivative liability
under GAAP.
The conference call will take place at 10:30 a.m. ET on Tuesday,
February 22, 2011. Interested participants should call
1-877-941-8416 when calling within the
United States or 1-480-629- 9808 when calling
internationally (passcode 4414430).
This conference call will be broadcast live over the Internet
and can be accessed by all interested parties by clicking on this
link: http://viavid.net/dce.aspx?sid=000081C8 or visiting
http://www.viavid.net, where the webcast can be accessed through
March 1, 2011.
A playback will be available through March 1, 2011. To listen, please call
1-877-870-5176 within the United
States or 1-858-384-5517 when calling internationally
(passcode 4414430).
About LianDi Clean Technology Inc.
LianDi was established in July
2004 to serve the largest Chinese petroleum and
petrochemical companies. Through its four operating subsidiaries,
Hua Shen Trading (International) Ltd., Petrochemical Engineering
Ltd., Bright Flow Control Ltd. and Beijing JianXin Petrochemical
Engineering Ltd., the Company distributes a wide range of
customized valves and equipment and provides associated value-added
technical and integration service. The Company also develops and
markets proprietary optimization software for the polymerization
process. In addition, LianDi is focused on the large, rapidly
growing, clean technology market for oil refineries, projected to
reach over $1 billion in the next 10
years. This market is expected to benefit from favorable Chinese
government policies, including tax benefits and other
incentives.
Cautionary Statement Regarding Forward-Looking Information
This press release may contain certain "forward-looking
statements" relating to the business of LianDi and its subsidiary
companies. All statements, other than statements of historical fact
included herein are "forward-looking statements" including
statements regarding: the impact of the proceeds from the private
placement on the Company's short term business and operations; the
general ability of the Company to achieve its commercial
objectives, including the ability of the Company to sustain growth;
the business strategy, plans and objectives of the Company and its
subsidiaries; and any other statements of non-historical
information. These forward-looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. The Company's actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's periodic reports that are filed with the
Securities and Exchange Commission and available on its website
(http://www.sec.gov )
For more information, please
contact:
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Company:
Joe Levinson, VP of Corporate
Communications
Tel:
+1-646-884-0829
Email:
joe.levinson@china-liandi.com
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Investor Relations:
HC International,
Inc.:
Ted Haberfield, Executive
VP
Tel: +1-760-755-2716
Email:
thaberfield@hcinternational.net
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SOURCE LianDi Clean Technology Inc.