Keyuan Petrochemicals Retains Hayden Communications as Corporate Communications Advisor
International Group Limited (OTC Bulletin Board: SVPE), (“Keyuan” or “the
Company”), a leading independent manufacturer and supplier of various
petrochemical products in
International, Inc. as its strategic investor relations advisor to assist the
Company in enhancing its corporate communications as a newly public company
while increasing its visibility and recognition in the capital markets.
will be advising the Company in all facets of corporate and financial
communications.
“We have selected HC International to provide strategic investor relations
counsel and services to broaden our presence in the financial markets while
helping investors gain a better understanding of our core business, growth
plans and financial attributes,” said Mr.
chief executive officer of the Company. “We are confident that HC
International, which has a proven track record of representing successful
business model, growth strategy and value proposition, while helping us
optimize our corporate transparency to our shareholders and the broader
investment community.”
Growing demand driven by
under-developed domestic production capacity, has led to an imbalance in
supply and demand for refined petrochemical products that is likely to persist
for many years. As a result of this imbalance,
average of 3.1 million tons of refined petrochemical products per month in
2009. Additionally,
consecutive years with total imports of 3.3 million MT in 2008.
Due to these market conditions, Keyuan’s customer orders for 2010 have
exceeded the Company’s current annual production capacity. In order to meet
increasing market demand and to grow the Company, Keyuan plans to expand its
manufacturing capacity to include a raw material pre-treatment facility,
additional storage capacity and an asphalt production facility. For fiscal
year 2010, the Company expects to generate revenue of
income of
“
supply in recent years, has led to record contract signings and backlog for
Keyuan’s various products. Growing market demand, coupled with the Company’s
plans to increase production and storage capacity, should translate to
significant growth opportunities for Keyuan,” said
of HC International Inc. “We look forward to working with the Company and its
management team to increase investor awareness of Kenyan’s significant growth
opportunity as it leverages its capacity to deliver industry leading products
for its customers in
About HC International, Inc.
HC International, Inc. is a premier
institutional investors, hedge funds, independent portfolio managers, buy and
sell-side analysts, small to large retail brokerage firms and accredited
individual investors. HC International will leverage its recognized investment
community relationships to help capitalize on their clients’ key business
attributes, while helping management to articulate its future growth
opportunities. Additionally, the firm will extend their clients’ investor
awareness programs, shareholder communications and coordinate introductions to
key industry and sell-side analysts as part of a comprehensive IR program.
About Keyuan Petrochemicals Co. Ltd.
Keyuan Petrochemicals Co. Ltd., established in 2007 and operating through
its wholly-owned subsidiary, Keyuan Plastics, Co. Ltd. (“Keyuan Plastics”), is
located in
supplier of various petrochemical products. Having commenced production in
manufacturing capacity of 550,000 metric tons (MT) of a variety of
petrochemical products, with facilities for the storage and loading of raw
materials and finished goods, and a technology that supports the manufacturing
process with low raw material costs and high utilization and yields.
Cautionary Statement Regarding Forward-Looking Information
This press release may contain certain “forward-looking statements”
relating to the business of Keyuan International Group Limited, and its
subsidiary companies. All statements, other than statements of historical fact
included herein are “forward-looking statements” including statements
regarding the impact of the proceeds from the private placement on the
Company’s short term business and operations, the general ability of the
Company to achieve its commercial objectives, including the ability of the
Company to sustain growth; 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 ( 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 further information, please contact:
TriPoint Global Equities, LLC
Mark Elenowitz
CEO
Tel: +1-212-732-7184
Web: http://www.tripointglobalequities.com/
Investor Relations:
HC International, Inc.
Ted Haberfield
Executive VP
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
SOURCE Keyuan Petrochemicals Co. Ltd.