Attached files
file | filename |
---|---|
8-K - LianDi Clean Technology Inc. | v211831_8k.htm |
Exhibit
99.1
LianDi
Clean Technology Inc. to Host Fiscal Year 2011 Third Quarter Results Conference
Call on
Tuesday,
February 22, 2011 at 10:30 a.m. ET
Company
Files Form 12b-25 for Q3FY2011 10Q Filing Extension
BEIJING,
February 15, 2011— 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
)
1
For more
information, please contact:
Company:
Joe
Levinson, VP of Corporate Communications
Tel: +1-646-884-0829
Email:
joe.levinson@china-liandi.com
Investor
Relations:
HC
International, Inc.:
Ted
Haberfield, Executive VP
Tel:
+1-760-755-2716
Email: thaberfield@hcinternational.net
2