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8-K - Hongli Clean Energy Technologies Corp. | v208333_8k.htm |
Exhibit
99.1
SinoCoking's
CEO Visits the United States as a Member of President Hu Jintao's
Delegation
PINGDINGSHAN,
China, Jan. 18, 2011 /PRNewswire-Asia-FirstCall/ -- SinoCoking Coal and Coke
Chemical Industries, Inc. (Nasdaq: SCOK) (the "Company" or "SinoCoking"), a
vertically-integrated coal and coke processor, today announced that its Chairman
and Chief Executive Officer, Mr. Jianhua Lv, will be a Chinese Entrepreneur
Representative on Chinese President Hu Jintao's delegation for the upcoming
official state visit to the United States in January 2011. Mr. Lv's invitation
is a reflection of SinoCoking's position as a China-based U.S.-listed
energy company as well as its continuing and vital contribution to
Pingdingshan's economy. During the state visit, from January 17th to 25th, Mr.
Lv will attend various conferences held jointly by both countries'
governments.
"I am
deeply honored to have been selected to be a part of President Hu's delegation,"
stated Mr. Lv. "I look forward to this opportunity to not only deepen U.S.
interests in China as a whole, but to also promote greater awareness of
Pingdingshan and SinoCoking."
About
SinoCoking
SinoCoking,
a Florida corporation, is a vertically-integrated coal and coke processor that
uses coal from both its own mines and that of third-party mines to produce basic
and value-added coal products for steel manufacturers, power generators, and
various industrial users. SinoCoking currently has mining rights and capacity to
extract 300,000 metric tons of coal per year from its own mines located in the
Henan Province in central China. SinoCoking has been producing metallurgical
coke since 2002, and acts as a key supplier to regional steel producers in
central China. SinoCoking also produces and supplies thermal coal to its
customers in central China. SinoCoking owns its assets and conducts its
operations through its subsidiaries, Top Favour Limited, a British Virgin
Islands holding company, Pingdingshan Hongyuan Energy Science and Technology
Development Co., Ltd., Henan Province Pingdingshan Hongli Coal & Coke Co.,
Ltd., Baofeng Coking Factory, Baofeng Hongchang Coal Co., Ltd. and Baofeng
Hongguang Environment Protection Electricity Generating Co., Ltd.
For
further information about SinoCoking, please refer to our periodic reports filed
with the Securities and Exchange Commission.
Forward
Looking Statement
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. The Company cautions readers not to place undue reliance on
such statements. The Company does not undertake, 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. Actual results may differ materially from the Company's
expectations and estimates. The Company provides no assurances that any
potential acquisitions will actually be consummated, or if consummated that such
acquisitions will be on terms and conditions anticipated on the date of this
press release, and the Company makes no assurances with regard to any results of
any such acquisitions.
SinoCoking
Coal and Coke Chemical Industries, Inc.
|
Sam
Wu
|
Chief
Financial Officer
|
Tel:
+86-375-2882-999
|
Email:
wuzan@vip.sina.com
|
CONTACT:
SinoCoking Coal and Coke Chemical Industries, Inc., Sam Wu, Chief Financial
Officer, +86-375-2882-999, wuzan@vip.sina.com