China XD Plastics Retains CCG Investor Relations
Company Ltd. (“China XD Plastics” or the “Company”), formerly known as NB
Telecom, Inc. (OTC Bulletin Board: NBTE), engaged in the development,
manufacturing, and distribution of modified plastic, primarily for use in
automobiles, today announced that it has retained CCG Investor Relations to
manage and execute its investor relations program.
China XD Plastics, through its operating subsidiary in
in the development, manufacturing, and distribution of modified plastic,
primarily for use in automobiles. The Company produces specialized plastics
that are utilized in the exterior and interior trim and in the functional
components of automobiles manufactured by Audi, Red Flag, Volkswagen and Mazda.
For the first nine months of 2008 China XD Plastics’ revenue was up 177.6% to
million
Net income for the nine months of 2008 was
same period in 2007. China XD Plastics has approximately 39 million shares,
and trades on the OTC Bulletin Board under the ticker symbol “NBTE”. China XD
Plastics currently has 296 full-time employees and is headquartered in
The Company’s management team is led by Mr.
Executive Officer and Chief Financial Officer of the Company, and Mr.
Ma
and Director.
“We are a leader in the development, manufacturing, and distribution of
modified plastic for automobile applications in
leveraging our advanced technology to participate in the expected strong
growth of the automobile industry in
Han
collaborating with CCG to raise our visibility with the investment community
and the financial media.”
“The growing middle class with higher standards of living has triggered
strong growth in demand for automobiles in
positioned with the right strategies and a strong management team to capture
this opportunity to deliver positive results for its shareholders,” commented
Crocker Coulson, President of CCG. “We intend to develop an integrated
investor relations program to enhance China XD Plastics’ profile in the
investment community and will also assist the company in meeting the
requirements to upgrade to a senior exchange.”
About CCG Investor Relations
CCG is a global, full-service investor relations firm, headquartered in
TX
provide outsourced, high-level investor relations solutions to its clients,
combined with an in-depth understanding of
economic environment, to convey their story to funds and broker-dealers
located in the U.S. For further information, contact CCG directly, or visit
the Company’s Web site at http://www.ccgirasia.com .
China XD Plastics Company Ltd.
China XD Plastics Company Ltd., through its wholly owned subsidiary Harbin
Xinda Macromolecule Material develops, manufactures, and distributes modified
plastics, primarily for use in automobiles. Xinda’s specialized plastics are
used in the exterior and interior trim and in the functional components of
more than 30 automobile brands manufactured in
Volkswagen and Mazda. At present, Xinda manufactures approximately 145 types
of automobile-specific modified plastic products, 117 of which have been
certified for use by one or more of the automobile manufacturers in
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical fact in this
announcement are forward-looking statements, including but not limited to, the
Company’s ability to raise additional capital to finance the Company’s
activities; the effectiveness, profitability, and the marketability of its
products; legal and regulatory risks associated with the share exchange; the
future trading of the common stock of the Company; the ability of the Company
to operate as a public company; the period of time for which its current
liquidity will enable the Company to fund its operations; the Company’s
ability to protect its proprietary information; general economic and business
conditions; the volatility of the Company’s operating results and financial
condition; the Company’s ability to attract or retain qualified senior
management personnel and research and development staff; and other risks
detailed in the Company’s filings with the Securities and Exchange Commission
and available on its website at http://www.sec.gov. These forward-looking
statements involve known and unknown risks and uncertainties and are based on
current expectations, assumptions, estimates and projections about the
companies and the industry. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events or
circumstances, or to changes in its expectations, except as may be required by
law. Although the Company believes that the expectations expressed in these
forward looking statements are reasonable, they cannot assure you that their
expectations will turn out to be correct, and investors are cautioned that
actual results may differ materially from the anticipated results.
For more information, please contact:
China XD Plastics Company Ltd.
Mr. Kirby Zhao, US Representative
Phone: +1-212-747-1118 (New York)
Mr. Allan Lao, IR Director
Phone: +86-451-8434-6600 (China)
Email: xdtfx@hotmail.com
CCG Investor Relations Inc.
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Mr. Ed Job, CFA
Phone: +1-646-213-1914 (New York)
Email: ed.job@ccgir.com
Website: http://www.ccgirasia.com
SOURCE China XD Plastics Company Ltd.