October 6, 2008
China Natural Gas Launches New Company Website
NEW YORK, Oct. 6 /PRNewswire-FirstCall/ -- China Natural Gas, Inc. (OTC Bulletin Board: CHNG), one of the leading providers of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi'an, China, today announced the completion and launch of a new corporate website, accessible at http://www.naturalgaschina.com/.
Mr. Qinan Ji, CEO and Chairman of China Natural Gas, Inc, stated, "Today's new website launch is a response to our many shareholders and constituents who have suggested that we provide a more complete corporate website so that we better articulate our Company's growth story. We hope that our new site will be a go-to resource for Company information, updates and events."About China Natural Gas, Inc.
China Natural Gas, Inc., ("CHNG"), is the first China-based natural gas retailing company publicly traded in the U.S. It currently owns and operates a network of CNG retail filling stations as well as a 120 kilometer long compressed natural gas pipeline in Xi'an, China. Xi'an is a fast growing Chinese city supported by a population of 8.5 million and is the "gateway" to the broad Western regions of China. CHNG has three business segments: retail natural gas at company-owned filling stations, end user delivery of natural gas services to residential, commercial and industrial customers, and conversion of gasoline-fueled vehicles to hybrid (natural gas/gasoline) powered vehicles. Currently it is estimated that there are 5,000 buses and 20,000 taxis using CNG in Xi'an.
This press release may contain forward-looking statements. These statements are based on the current expectations or beliefs of China Natural Gas, Inc. management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including the fluctuation of natural gas prices, the availability of natural gas supplies, changes in governmental regulations and/or economic policies and our ability to penetrate the new markets.
China Natural Gas, Inc.
CONTACT: Ashley M. Ammon, Integrated Corporate Relations, In the U.S.,+1-203-682-8200, or In China, Wei-Jung Yang, +86 139 1167 3125
Web Site: http://www.naturalgaschina.com/