HARBIN, China, April 28, 2011 /PRNewswire-Asia/ -- China Green Material Technologies, Inc. (OTC Bulletin Board: CAGM; "CAGM" or "the Company"), a China-based leader in developing and manufacturing starch-based biodegradable, disposable containers, tableware and packaging materials, today announced that the Company has appointed Marcum Bernstein & Pinchuk LLP ("MBP") as its independent registered public accounting firm, replacing Goldman Kurland and Mohidin LLP. MBP will provide services beginning with the first fiscal quarter of 2011. The Company's decision to change auditors was not due to any disagreement between the Company and its former auditors on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
Marcum Bernstein & Pinchuk LLP, an independent public accounting firm, is an international group of professionals providing audit and assurance, tax and transaction advisory services. The firm represents public and private companies in a wide variety of industries internationally. Its history dates back to 1951, which includes over 10 years of serving clients based in China.
"We thank the team at Goldman Kurland and Mohidin LLP for their work as CAGM's independent registered accounting firm during the past year," commented Mr. Su Zhonghao, CEO of CAGM. "At this time, given our current growth strategy and expansion plans going forward, we believe that Marcum Bernstein & Pinchuk LLP is the best fit for the Company."
About China Green Material Technologies, Inc.
China Green Material Technologies, Inc. (CAGM.OB) is a China-based manufacturer of starch-based biodegradable, disposable containers, disposable tableware and disposable packaging materials. Headquartered in Harbin city of China, the Company currently has 245 employees. The Company has developed proprietary biodegradable food packaging materials technologies.
Safe Harbor Statement
This press release contains certain statements that may include 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks, other factors and those risks and other factors discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission, including the Annual Report on Form 10-K filed April 12, 2011. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
SOURCE China Green Material Technologies, Inc.