Sino Gas International Holdings Inc. Announces U.S.-Based Addition of Board Member
February 24 2010 - 2:00AM
PR Newswire (US)
BEIJING, Feb. 24 /PRNewswire-Asia-FirstCall/ -- Sino Gas
International Holdings, Inc. ("the Company") (OTC:SGAS) (BULLETIN
BOARD: SGAS) , announced today that Mr. Yong Li was appointed a
director and a member of the audit committee on February 22, 2010.
Mr. Li was a partner at Investwide LLC and Investwide Capital LLC
from January 2005 to May 2009, where he managed investment
strategies. He is Managing Director of Midway Group LP in New York,
NY, in charge of risk management, and has been with the firm since
February 2003. Mr. Li is also a member of the board of Sino Clean
Energy. Mr. Li graduated from China's Sichuan University in 1987
with a B.S. in Computer Science. He also received a M.S. in
Mathematics and Computer Science in 1989 and a Ph.D. in Computer
Science/Operations Research in 1992 from Pennsylvania State
University. Mr. Yu-Chuan Liu, Chairman and CEO of Sino Gas
International commented, "Given Mr. Yong Li's US capital markets
experience and extensive knowledge of Chinese clean energy-related
company from an investment perspective, he will be a strong
resource to Sino Gas. We currently have a strong board consisting
of individuals with deep industry, financial, and corporate
backgrounds. We believe that the addition of Mr. Li will further
help guide Sino Gas to build long-term shareholder value and
strengthen our business." About Sino Gas International Holdings,
Inc. The Company, through its indirectly wholly-owned subsidiary,
Beijing Zhong Ran Wei Ye Gas Co., Ltd. ("Beijing Gas"), and the
subsidiaries of Beijing Gas, is a leading developer of natural gas
distribution systems in small and medium size cities in China, as
well as a distributor of natural gas to residential, commercial and
industrial customers in China. The Company owns and operates 37
natural gas distribution systems serving approximately 130,500
residential and five commercial and industrial customers.
Facilities include approximately 710 kilometers of pipeline and
delivery networks with a daily capacity of approximately 90,000
cubic meters of natural gas. The Company owns and operates natural
gas distribution systems in Beijing, Hebei, Jilin, Jiangsu, Anhui
and Yunnan Provinces. The Company's website is:
http://www.sino-gas.com/ . Forward-Looking Safe Harbor Statement
Statements in this news release regarding future financial and
operating results, potential applications of the Company's
technology, opportunities for the Company, and any other statements
about the future expectations, beliefs, goals, plans, or prospects
expressed constitute forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Any
statements that are not statements of historical fact (including
statements containing the words "will," "believes," "plans,"
"anticipates," "expects," "estimates," and similar expressions)
should also be considered to be forward-looking statements. There
are a number of important factors that could cause actual results
or events to differ materially from those indicated by such
forward-looking statements including: limited operating history,
need for future capital, and economic conditions generally.
Additional information on potential factors that could affect
results and other risks and uncertainties are detailed from time to
time in the Company's periodic reports, including Forms 10-K, 10-Q,
8-K, and other forms filed with the Securities and Exchange
Commission ("SEC"). These statements, and other forward-looking
statements, are not guarantees of future performance and involve
risks and uncertainties. For more information, please contact: Sino
Gas International Holdings, Inc. Chunying Chai, IR Officer Tel:
+86-10-8260-0041 x883 Email: Web: http://www.sino-gas.com/ Investor
Relations Contact: Strategic Growth International Richard Cooper/
Linda Ni Tel: +1-212-838-1444 Email: ; Web: http://www.sgi-ir.com/
DATASOURCE: Sino Gas International Holdings, Inc. CONTACT: Chunying
Chai, IR Officer, +86-10-8260-0041 x883, , of Sino Gas
International Holdings, Inc.; Investor Relations Contact: Richard
Cooper, , or Linda Ni, , +1-212-838-1444, both of Strategic Growth
International Web site: http://www.sino-gas.com/
http://www.sgi-ir.com/
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