China Redstone Group, Inc. Announces Name Change From Artistry Publications, Inc.; New Trading Symbol ‘CGPI’
CHONGQING, China, April 7 /PRNewswire-FirstCall/ — China Redstone Group, Inc. (OTC Bulletin Board: CGPI) (formerly OTC Bulletin Board: APBS) (“China Redstone” or the “Company”), the largest private provider of cemetery products and services in Chongqing, China, today announced that it has changed its name from Artistry Publications, Inc. to China Redstone Group, Inc. effective April 6, 2010. In connection with this name change to China Redstone Group, Inc., as of the open of business on April 7, 2010, the Company has the following new trading symbol: “CGPI.”
The purpose of the name change is to better reflect the Company’s position as a leading developer and provider of cemetery products and services in China. China Redstone provides a complete range of funeral merchandise and services, including well-located, highly sought after cemetery property. The Company currently has 94 acres of available land for cemetery development, 80% of which is still undeveloped. Growth for cemetery products and services in China is expected to grow rapidly due to current demographic trends including aging and urbanization of the country’s population. China Redstone, which has 10% of the cemetery market and plans to sell at least 5,000 to 7,000 graves annually, expects the new corporate name to more effectively brand and position the Company, its products and services among potential customers, as well as its recognition among current and potential investors.
“China Redstone is well positioned to participate as a leader in the growing death care industry, which was cited in 2008 as the third most profitable industry in China by the Ministry of Civil Affairs of the PRC,” stated Mr. Yiyou Ran, Chairman of the Board of China Redstone. “Our new corporate name reinforces our strong position in this industry as we leverage our premium cemetery plots and funeral home services to meet growing market demand resulting in strong future operating and financial performance.”
China Redstone Group, Inc.
China Redstone Group, Inc. is a cemetery developer and provider of cemetery products and services in Chongqing, China through its contractually controlled affiliate Chongqing Foguang Tourism Development. Founded in 2002, the Company provides a complete range of funeral merchandise and services, including cemetery property, both at the time of need and on a preneed basis. Its cemeteries are highly regarded in terms of a number of factors such as tradition, reputation, physical size, capacity of business, available supply, name recognition, aesthetics and potential for development or expansion.
Safe Harbor Statement
Certain statements set forth in this press release constitute “forward-looking statements.” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate,” “project,” “intend,” “forecast,” “anticipate,” “plan,” “planning,” “expect,” “believe,” “will likely,” “should,” “could,” “would,” “may” or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company’s ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company’s limited operating history, the limited financial resources, domestic or global economic conditions — especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company’s business and financial results is included in the Company’s filings, available via the United States Securities and Exchange Commission.
Contacts: China Redstone Group, Inc. Mr. Michael Wang, CFO 888-600-7955 OR HC International, Inc. Ted Haberfield, Executive VP Tel: +1-760-755-2716 Email: firstname.lastname@example.org
SOURCE China Redstone Group, Inc.