China Valves Technology, Inc. Announces Approval of NASDAQ Listing
November 12 2009 - 9:00AM
PR Newswire (US)
KAIFENG, China, Nov. 12 /PRNewswire-Asia-FirstCall/ -- China Valves
Technology, Inc. (OTC:CVVZ) (BULLETIN BOARD: CVVZ) (NASDAQ:CVVT)
("China Valves" or the "Company"), a leading metal valve
manufacturer with operations in the People's Republic of China (the
"PRC"), today announced the Company has received approval to list
its common stock on NASDAQ Global Select Market, and will begin
trading on Monday November 16, 2009. The Company will trade on
NASDAQ under the ticker symbol "CVVT". "We are honored to be
approved to list on NASDAQ Global Select Market. The transition of
China Valve's stock to NASDAQ reflects our growth over the past
year and our commitment to meeting NASDAQ's stringent
requirements," commented Mr. Siping Fang, Chairman and CEO of China
Valves Technology, Inc. "We believe that listing our shares on
NASDAQ Global Select Market will elevate our profile in the
investment community and improve our liquidity as we continue to
deliver strong revenue growth and sustained profitability." About
China Valves Technology, Inc. China Valves Technology, Inc. through
its subsidiaries, Zhengzhou Zhengdie Valve Co, Ltd., Henan Kaifeng
High Pressure Valve Co., Ltd., and Tai Zhou Tai De Valve Co., Ltd.
is engaged in development, manufacture and sale of high-quality
metal valves for the electricity, petroleum, chemical, water, gas
and metallurgy industries. The Company has one of the best known
brand names in China's valve industry, and its history can be
traced back to 1959 when it was formed as a state-owned enterprise.
The Company develops valve products by extensive research and
development and owns a number of patents. It enjoys significant
domestic market shares and exports to Asia and Europe. For more
information, visit http://www.cvalve.com/ Safe Harbor Statements
Any statements set forth above that are not historical facts are
forward-looking statements that involve risks and uncertainties
that could cause actual results to differ materially from those in
the forward-looking statements. Such factors include, but are not
limited to, the Company's ability to develop and market new
products, the ability to access capital for expansion, the ability
to acquire other companies, changes from anticipated levels of
sales, changes in national or regional economic and competitive
conditions, changes in relationships with customers, changes in
principal product profits and other factors detailed from time to
time in the Company's filings with the United States Securities and
Exchange Commission and other regulatory authorities. The Company
undertakes no obligation to update or revise to the public any
forward-looking statements, whether as a result of new information,
future events or otherwise. This press release was developed by
China Valves, and is intended solely for informational purposes and
is not to be construed as an offer or solicitation of an offer to
buy or sell the Company's stock. This press release is based upon
information available to the public, as well as other information
from sources which management believes to be reliable, but it is
not guaranteed by China Valves to be accurate, nor does China
Valves purport it to be complete. Opinions expressed herein are
those of management as of the date of publication and are subject
to change without notice. For more information, please contact:
China Valves Technology, Inc. Ray Chen, VP of Investor Relations
Tel: +1-650-281-8375 +86-13925279478 Email: Web:
http://www.cvalve.com/ CCG Investor Relations Crocker Coulson,
President Tel: +1-646-213-1915 Email: Web:
http://www.ccgirasia.com/ DATASOURCE: China Valves Technology, Inc.
CONTACT: Ray Chen, VP of Investor Relations of China Valves
Technology, Inc., +1-650-281-8375, or +86-13925279478 (mobile), ;
Crocker Coulson, President of CCG Investor Relations,
+1-646-213-1915, Web site: http://www.cvalve.com/
http://www.ccgirasia.com/
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