August 11, 2011

China Power Equipment to Host Second Quarter 2011 Earnings Conference Call on Tuesday August 16, 2011 at 8:30am ET

XI'AN, China, Aug. 11, 2011 /PRNewswire-Asia-FirstCall/ -- China Power Equipment, Inc. ("China Power Equipment", OTCBB: CPQQ), a manufacturer of highly efficiency and energy saving amorphous alloy transformer cores and amorphous core transformers in China, today announced that it will hold its second quarter 2011 financial results conference call at 8:30 am ET on Tuesday August 16, 2011. The Company anticipates releasing its financial results on August 15, 2011.

To attend the call, please use the information below for either dial-in access or webcast access. When prompted on dial-in, ask for "China Power Equipment Second Quarter 2011 Conference Call".

    Conference Call
    Date:                            Tuesday, August 16, 2011
    Time:                            8:30 am Eastern Time, US
    US Toll Free Dial-In:                                   +1 866 549 1292
    International Toll Free Dial-In:                         +852 3005 2050
    Asia Toll Free Dial-In:          Mainland China: 800 876 8594
    Hong Kong:                                                    3005 2020
    Password:                        156484#
                                      China Power Equipment Second Quarter
    Conference ID:                    2011 Conference Call
    Webcast link:          

Please dial in at least 10 minutes before the call to ensure timely participation. A playback will be available through August 24, 2011. To listen, please call +1866 753 0743 within the United States, 800 876 8626 if calling in China, or +852 3005 2050 if calling internationally. Utilize the pass code 156591# for the replay.

The live webcast and archive of the conference call will be available on China Power's website at:

About China Power Equipment, Inc.

China Power Equipment, Inc., is a U.S. corporation, which through its wholly-owned subsidiary, An Sen (Xi'an) Power Science & Technology Co., Ltd., and its affiliated operating company, Xi'an Amorphous Alloy Zhongxi Transformer Co., Ltd., designs, manufactures, and distributes amorphous alloy transformer cores and amorphous alloy core distribution transformers in the People's Republic of China. The company currently manufactures 59 different products, primarily amorphous alloy cores and amorphous alloy core transformers.

Safe Harbor Statement

Certain statements in this release concerning our future growth prospects are forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statements can be identified by terminology such as "anticipates," "believes," "could," "estimates," "expects," "future," "intends," "plans," "should," "will," and similar statements.

The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the success of the company's investments, risks and uncertainties regarding fluctuations in earnings, its ability to sustain its previous levels of profitability including on account of its ability to manage growth, intense competition, wage and inflation increases in China, its ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, its ability to successfully complete and integrate potential acquisitions, withdrawal of governmental fiscal incentives, political instability and regional conflicts, and legal restrictions on raising capital or acquiring companies outside China.

Additional risks that could affect the company's future operating results are more fully described in its filings with U.S. Securities and Exchange Commission. These filings are available at and at

The company may, from time to time, make additional written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 10-K, 10-Q, and 8-K, in its annual report to shareholders, in news releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. The company does not undertake to update any forward-looking statements that may be made from time to time by or on its behalf, except as required under law.

For more information about China Power Equipment, please visit its website at

    For more information, please contact:

    Ms. Nicole Chen (English and Chinese)
    Vice President of Finance
    China Power Equipment, Inc.
    Telephone: +86 (29) 6261 9758
    Mobile: +86 186 1633 1170
    Email: [email protected]

    John Mattio, SVP
    Tel: +1-212-301-7130
    Direct: +1-212-301-7131
    Email: [email protected]

SOURCE China Power Equipment, Inc.