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.
Forward-looking statements:
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.
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Company contact: Mark
Lubchenco
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Asia Carbon Industries,
Inc.
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Phone:
+1-646-328-1502
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SOURCE Asia Carbon Industries, Inc.