China Gengsheng Minerals Gets Positive Feedback from Fine Precision Abrasive End Users

December 7, 2009

GONGYI, China, Dec. 7 /PRNewswire-Asia-FirstCall/ — China Gengsheng
Minerals, Inc. (OTC Bulletin Board: CHGS) (“Gengsheng” or “the Company”), a
high-tech industrial materials manufacturing company in China, with products
capable of withstanding high temperatures, saving energy and boosting
productivity in certain industries such as steel and oil, today announced that
it has received encouraging feedback from potential customers in the fine
grinding and polishing sector.

Two series of high-end fine precision abrasives, sized GC3000 and GC4000,
were tested and approved by seven (7) potential polishing customers, who have
applied our products in the process of grinding and polishing surface of
high-precision instruments and items. Currently, the market price of GC3000
abrasives is approx. $4,000 per metric ton and the price for GC4000 abrasives
is approx. $6,300 per metric ton.

“We are excited to see our fine precision abrasive products under the
Gengsheng(TM) brand enjoy such wide acceptance in the fine grinding and
polishing market,” said Mr. Shunqing Zhang, Chairman and CEO of the Company.
“Our patented production process makes us hold the technological leadership in
the domestic market, and our precision abrasive products have great potential
to replace the traditional abrasive substances, such as, white fused alumina
and diamond powder, considering the competitive advantage in production cost
and effectiveness. The fine precision abrasives segment will become the next
driver of business growth as large purchasing orders and quantity production
come soon.”

About China Gengsheng Minerals, Inc.

China Gengsheng Minerals, Inc. (“Gengsheng”) develops, manufactures and
markets a broad range of high-tech industrial material products, including
monolithic refractories, industrial ceramics and fracture proppants. A market
leader offering customized solutions, Gengsheng sells its products primarily
to the iron and steel industries as heat-resistant components for steel-making
furnaces, industrial kilns and other high-temperature vessels to guarantee and
improve the productivity of those expensive pieces of equipment while reducing
their consumption of energy. Founded in 1986 and based in China’sHenan
province, Gengsheng currently has over 200 customers in the iron, steel, oil,
glass, cement, aluminum and chemical businesses located in China and in 11
other countries. Gengsheng conducts its business through Gengsheng
International Corporation, a British Virgin Islands company, and its Chinese
subsidiaries, which are Henan Gengsheng Refractories Co., Ltd., Zhengzhou
Duesail Fracture Proppant Co., Ltd. and Henan Gengsheng High Temperature
Materials Co., Ltd.

For more information about the Company, please visit
http://www.gengsheng.com .

Safe Harbor Statement

This press release may contain certain “forward-looking statements”
relating to the business of China Gengsheng Minerals, Inc., and its subsidiary
companies. All statements, other than statements of historical fact included
herein are “forward-looking statements” including statements regarding the
Company’s ability to meet its obligations under its various contracts; the
anticipated value, profit margin, timely payments and other economic benefits
the Company expects to receive under such contracts; the Company’s ability to
maintain its customer relations; the production capabilities and needs of our
customers; the general ability of the Company to achieve its commercial
objectives; the business strategy, plans and objectives of the Company and its
subsidiaries; and any other statements of non-historical information. These
forward-looking statements are often identified by the use of forward-looking
terminology such as “believes,” “expects” or similar expressions, involve
known and unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are reasonable,
they do involve assumptions, risks and uncertainties, and these expectations
may prove to be incorrect. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. The Company’s actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including those discussed in the Company’s periodic reports that are
filed with the Securities and Exchange Commission and available on its website
at http://www.sec.gov . All forward-looking statements attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    In China:
    China Gengsheng Minerals, Inc.
     Ms. Wendy Sun
     Finance Manager and Investor Relations
     Tel:   +86-159-3870-8666
     Email: wendyshure@gmail.com

     Mr. Shuai Zhang
     Investor Relations
     Tel:   +86-135-2551-0415
     Email: shuai298@126.com

    In the U.S.:
    RedChip Companies, Inc.
     Mr. Dave Gentry
     Tel:   +1-407-491-4498
     Email: info@redchip.com

SOURCE China Gengsheng Minerals, Inc.

Source: newswire

comments powered by Disqus