DALIAN, China, Jan. 4 /PRNewswire-Asia/ -- China Industrial Waste
Management, Inc. (OTC Bulletin Board: CIWT) ("China Industrial Waste
Management" or the "Company"), a leading environmental services and solutions
provider in China, announced today that its Dalian Sludge Treatment Facility
was featured on the China Central Television (CCTV) English Channel on
December 20, 2009.
The CCTV story covered how the clean coastal city of Dalian is helping
fulfill the PRC government's pledge to reduce greenhouse gas emissions by
treating sludge through China Industrial Waste Management's local Dalian
Sludge Treatment Facility. The story was broadcasted during the recent United
Nations Climate Change Conference in Copenhagen, Denmark.
Mr. Jinqing Dong, Chief Executive Officer of China Industrial Waste
Management, was interviewed as part of the CCTV story. He discussed how the
Dalian Sludge Treatment Facility functions to reduce greenhouse gas emissions
and recycles biogas from sludge treatment.
"We are pleased that CCTV recognized the important role our Company's
Dalian Sludge Treatment Facility is playing in reducing greenhouse gas
emissions in the city of Dalian," said Mr. Dong. "This facility began
operations in December 2009, and we expect its utilization rate to accelerate
in the second half of 2010 as growing demand will come from sewage treatment
plants which are under construction in Dalian. In the mean time, we are
utilizing this facility to process the sludge from the area surrounding Dalian
City as we have an agreement with the local authority."
A replay of the CCTV story can be found on Dalian Lipp Environment Energy
Engineering Technology Co., Ltd., the Company subsidiary's homepage at
http://www.lipp-system.cn/english/index.asp or on the CCTV website at
About China Industrial Waste Management, Inc.
China Industrial Waste Management, Inc. is engaged in the collection,
treatment, disposal and recycling of industrial wastes principally in Dalian
and surrounding areas in Liaoning Province, People's Republic of China through
its 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd.
("Dongtai") and other indirect subsidiaries. Dongtai treats, disposes of
and/or recycles many types of industrial wastes, and recycled waste products
used by customers as raw material to produce chemical and metallurgy products.
In addition, Dongtai treats or disposes of industrial waste through
incineration, burial or water treatment, and provides environmental protection
services, technology consultation, pollution treatment services, waste
management design processing services, waste disposal solutions, waste
transportation services, onsite waste management services, and environmental
pollution remediation services. For more information, please visit the
Company's website (http://www.chinaciwt.com ).
Cautionary Statement Regarding Forward-Looking Information
This release may include "forward-looking statements." You can identify
these statements by the fact that they do not relate strictly to historical or
current facts. These statements contain such words as "may," "project,"
"might," "expect," "believe," "anticipate," "intend," "could," "would,"
"estimate," or the negative or other variations thereof or comparable
terminology. These forward-looking statements are based on current
expectations and projections about future events. Investors are cautioned that
forward-looking statements are not guarantees of future performance or results
and involve risks and uncertainties that cannot be predicted or quantified and,
consequently, our actual performance may differ materially from those
expressed or implied by such forward-looking statements. Such risks and
uncertainties include, but are not limited to, the following factors, as well
as other factors described from time to time in our reports filed with the
Securities and Exchange Commission: the timing and magnitude of technological
advances; the prospects for future acquisitions; the effects of political,
economic and social uncertainties regarding the governmental, economic and
political circumstances in the People's Republic of China, the possibility
that a current customer could be acquired or otherwise be affected by a future
event that would diminish their waste management requirements; the competition
in the waste management industry and the impact of such competition on pricing,
revenues and margins; uncertainties surrounding budget reductions or changes
in funding priorities of existing government programs and the cost of
attracting and retaining highly skilled personnel; our projected sales,
profitability, and cash flows; our growth strategies; anticipated trends in
our industries; our future financing plans; and our anticipated needs for
working capital. Forward-looking statements speak only as of the date on which
they are made, and, except to the extent required by federal securities laws,
we undertake no obligation to update any forward-looking statement to reflect
events or circumstances after the date on which the statement is made or to
reflect the occurrence of unanticipated events.
For more information, please contact:
Ms. Guo Xin, CFO
Mr. Zhang Dazhi, Company Secretary
CCG Investor Relations:
Mr. Athan Dounis, Account Manager
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
SOURCE China Industrial Waste Management, Inc.