November 3, 2008
China Natural Gas to Report Third Quarter 2008 Financial Results on November 12, 2008
NEW YORK, Nov. 3 /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 that it plans to release third quarter 2008 financial results on Wednesday, November 12, 2008, after the market closes.
The management team will hold a conference call on Thursday, November 13, 2008, at 8:00 am ET to discuss its third quarter 2008 results. Listeners may access the call by dialing 1-888-206-4835 or 1-913-312-0710 for international callers. A webcast will also be available via the Company's website at http://www.naturalgaschina.com/.
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 fueling 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 region of China. CHNG has three business segments: natural gas retailing at company-owned fueling 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 7,500 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.
CONTACT In the U.S.: Ashley Ammon ICR, Inc. 203-682-8200 In Asia: Wei-Jung Yang +86 10 8523 3088
China Natural Gas, Inc.
CONTACT: In the U.S.: Ashley Ammon of ICR, Inc., +1-203-682-8200; or inAsia: Wei-Jung Yang, +86-10-8523-3088, both for China Natural Gas, Inc.
Web Site: http://www.naturalgaschina.com/