Asia Carbon Industries, Inc. to Launch US Roadshow to Meet With Investors
Trip Marks Senior Management's First Visit to The United States Since the Company Went Public
NEW YORK, Aug. 31, 2011 /PRNewswire-Asia/ -- Asia Carbon Industries, Inc. ("Asia Carbon", or the "Company") today announced that is conducting a roadshow in the United States in order to meet with investors and members of the financial community. The Company, whose shares trade in the U.S. under the stock symbol "ACRB", went public through an S-1 Registration statement deemed effective by the SEC in October 2010.
In an effort to increase awareness of the Company and its operation, the following members of Asia Carbon's senior management team will be participating in the roadshow, some of whom will be traveling to the United States:
- Ms. Yao Guoyun -- Chairman, Chief Executive Officer and President
- Mr. Xiaolong Zhou -- Chief Financial Officer
- Mr. Meng Chunde -- Chief Operating Officer and Director
- Mr. Wang Jianjun -- Assistant Vice President - Finance, Director
- Mr. Michael Segal -- Director
- Mr. Mark Lubchenco -- Investor Relations
The Roadshow will commence September 7th in San Francisco and end in Los Angeles on September 15th, with visits to the following cities.
- Wednesday, Thursday and Friday, September 7,8 & 9 -- San Francisco
- Saturday, September 10 -- Las Vegas
- Monday and Tuesday, September 12 & 13 -- New York City
- Wednesday, September 14 -- Orange County, CA (Newport Beach and Irvine)
- Thursday, September 15 -- Los Angeles
Yao Guoyun, Asia Carbon's Chairman of the Board and Chief Executive Officer, commented, "This is an exciting time for Asia Carbon. Our newest carbon black product has been well received by the market. Our Company just reported another quarter of record revenues; net income of $4.09 million for the six month period ended June 30, 2011. The management team and I look forward to meeting our US investors and other members of the financial community and discussing the Company with them."
About Asia Carbon Industries, Inc.
Asia Carbon Industries Inc. is an emerging, China-based producer of a series of high quality carbon black products under the brand name "Great Double Star." The Company was established in 2003 in Shanxi, China's highest coal producing province. Asia Carbon is one of the top ten carbon black producers in the province and has established relationships with a high-profile customer base. The Company went public in 2010 through a registration statement on Form S-1 which was declared effective by the SEC on October 26, 2010, and is currently in the process of expanding its manufacturing capacity to meet the anticipated demand.
This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.
Company contact: Mark Lubchenco
Asia Carbon Industries, Inc.
SOURCE Asia Carbon Industries, Inc.
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