GONGYI,
Mr. Shunqing Zhang, Chairman and CEO of China Gengsheng, stated: "This
agreement represents the first sales contract of our channel strategy, which
is to find more abrasives dealers in different areas in
China Gengsheng opened its fine-precision abrasives factory in
The market for the abrasives in mainland
About China Gengsheng Minerals, Inc.
China Gengsheng Minerals, Inc. ( http://www.gengsheng.com ) develops,
manufactures and markets a broad range of high-tech industrial material
products, including monolithic refractories, industrial ceramics, fracture
proppants, and fine-precision abrasives. A market leader offering customized
solutions, Gengsheng sells its products primarily to the iron-and-steel
industries as heat-resistant components for steel-making furnaces, industrial
kilns and other high-temperature vessels to guarantee and improve the
productivity of those expensive pieces of equipment while reducing their
consumption of energy. Founded in 1986 and based in
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Gengsheng Minerals, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the Company's ability to meet its obligations under its full-service contracts; the profit margin, timely payments and other economic benefits the Company expects to receive under such contracts, the Company's ability to maintain its customer relations; the general ability of the Company to achieve its commercial objectives; 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. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. 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 at http://www.sec.gov . All forward- looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact: In China: China Gengsheng Minerals, Inc. Ms. Wendy Sun Finance Manager and Investor Relations Tel: +86-159-3870-8666 Email: wendyshure@gmail.com Mr. Shuai Zhang Investor Relations Tel: +86-135-2551-0415 Email: shuai298@126.com In the U.S.: RedChip Companies, Inc. Mr. Dave Gentry President Tel: +1-407-491-4498 Email: info@redchip.com
SOURCE China Gengsheng Minerals, Inc.