XI'AN, China, Aug. 2,
2011 /PRNewswire-Asia-FirstCall/ -- China Power Equipment,
Inc. ("China Power Equipment", OTCQB: CPQQ), a manufacturer of
highly efficiency and energy saving amorphous alloy transformer
cores and amorphous core transformers in China,today announced
that the Company has retained MZ-HCI as its investor
relations advisor.
MZ-HCI will assist China Power Equipment with communicating its
corporate, financial and investor developments to shareholders
worldwide, while building its awareness in the capital markets. "We
are pleased to engage MZ-HCI and look forward to working closely
with them to establish and enhance our profile in the investment
community and improve our communication with potential investors,
the media and our current and future shareholders," said Mr.
Yongxing Song, Chairman, President,
and CEO of China Power Equipment.
"China Power Equipment's products are well positioned to
capitalize on the demand for electric grid components in
China as the country continues to
accelerate investments in grid infrastructure and rural
electrification," said Matthew
Hayden, Chairman of MZ-HCI. "The Company's amorphous alloy
transformer cores and amorphous alloy full scale transformers are
highly efficient and well positioned in the market. We look forward
to helping them with all aspects of their corporate communications
and investor relations needs."
About China Power Equipment, Inc.
China Power Equipment, Inc., is a U.S. corporation, which
through its wholly-owned subsidiary, An Sen (Xi'an) Power Science & Technology Co.,
Ltd., and its affiliated operating company, Xi'an Amorphous Alloy
Zhongxi Transformer Co., Ltd., designs, manufactures, and
distributes amorphous alloy transformer cores and amorphous alloy
core distribution transformers in the
People's Republic of China. The company currently
manufactures 59 different products, primarily amorphous alloy cores
and amorphous alloy core transformers.
About MZ-HCI
MZ-HCI, an MZ Group Company, is the world's largest independent
investor relations (IR), corporate governance and communications,
market intelligence and applied technologies firm, with over 530
clients in 10 countries and offices in leading investment centers,
including New York, Chicago, San
Diego, Beijing,
Shanghai, Hong Kong, Taipei, and São Paulo.
Safe Harbor Statement
Certain statements in this release concerning our future growth
prospects are forward-looking statements made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995, which involve a number of risks and uncertainties that could
cause actual results to differ materially from those in such
forward-looking statements. These forward-looking statements can be
identified by terminology such as "anticipates," "believes,"
"could," "estimates," "expects," "future," "intends," "plans,"
"should," "will," and similar statements.
The risks and uncertainties relating to these statements
include, but are not limited to, risks and uncertainties regarding
the success of the company's investments, risks and uncertainties
regarding fluctuations in earnings, its ability to sustain its
previous levels of profitability including on account of its
ability to manage growth, intense competition, wage and inflation
increases in China, its ability to attract and retain highly
skilled professionals, time and cost overruns on fixed-price,
fixed-time frame contracts, client concentration, its ability to
successfully complete and integrate potential acquisitions,
withdrawal of governmental fiscal incentives, political instability
and regional conflicts, and legal restrictions on raising capital
or acquiring companies outside China.
Additional risks that could affect the company's future
operating results are more fully described in its filings with U.S.
Securities and Exchange Commission. These filings are available at
www.sec.gov and at www.chinapower-equipment.com.
The company may, from time to time, make additional written or
oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission on forms 10-K, 10-Q, and 8-K, in
its annual report to shareholders, in news releases and other
written materials, and in oral statements made by its officers,
directors, or employees to third parties. The company does not
undertake to update any forward-looking statements that may be made
from time to time by or on its behalf, except as required under
law.
For more information about China Power Equipment, please visit
its website at www.chinapower-equipment.com.
For more information, please
contact:
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COMPANY:
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Ms. Nicole Chen (English and
Chinese)
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Vice President of
Finance
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China Power Equipment,
Inc.
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Telephone:
+86 (29) 6261 9758
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Mobile:
+86 186 1633 1170
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Email: xa-fj@xa-fj.com
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INVESTOR RELATIONS:
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John Mattio, SVP
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MZ-HCI
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Tel: +1-212-301-7130
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Direct:
+1-212-301-7131
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Email: john.mattio@hcinternational.net
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www.mz-hci.com
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SOURCE China Power Equipment, Inc.