China Redstone Group Recognized as One of the Top 100 Private Companies in China by the Chinese Government

Oct 27, 2010, 15:44 ET from China Redstone Group, Inc.

CHONGQING, China, Oct. 27 /PRNewswire/ -- China Redstone Group, Inc. (OTC Bulletin Board: CGPI) ("China Redstone" or the "Company"), the largest private provider of cemetery products and services in Chongqing, China, today announced it received two Certification of Honor awards at the 2010 China Private Enterprise Forum in Beijing (the "Forum"), jointly hosted by the Association of Chinese Private Entrepreneurs and the Chinese International Economic Cooperation Association (CIECA), both agencies of the Chinese central government.

China Redstone was given a Certification of Honor recognizing the Company as one of the top private enterprises in China for corporate integrity and economic contribution to its local community. Additionally, Mr. Yiyou Ran, Chairman and Chief Executive Officer, was the recipient of the Outstanding Private Entrepreneur award, given to only 100 Chinese entrepreneurs each year. The award ceremony was held at the Great Hall of the People.

The Forum is a prestigious three-day event held annually focusing on the future development of private enterprises in China, and included over 1,000 leaders of private enterprises, state leaders and council ministers in attendance this year.

"We are honored to receive these two awards," said Mr. Ran, "As one of the largest and most successful private cemetery service providers in Chongqing, we appreciate the recognition we have received from both the local and central government. We believe this will further enhance our brand and support healthy demand for our products. We would like to thank the Forum and its hosts for acknowledging our achievements."

China Redstone Group, Inc.

China Redstone is a cemetery developer and provider of cemetery products and services in Chongqing, China, through its contractually controlled affiliate Chongqing Foguang Tourism Development (Group) Co., Ltd. Founded in 2002, the Company provides a complete range of funeral merchandise and services, including cemetery property, both at the time of need and on a preneed basis.  

Safe Harbor Statement

Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.

Contacts:

China Redstone Group, Inc.

Mr. Michael Wang, CFO

888-600-7955

OR

HC International, Inc.

Ted Haberfield, Executive VP

Tel: +1-760-755-2716

Email: thaberfield@hcinternational.net

SOURCE China Redstone Group, Inc.