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Songzai Int'L Holding Group. Receives Strong Upgrade By Respected Research Firm

Posted on: Thursday, 16 February 2006, 12:00 CST

Songzai Int'l Holding Group (OTC BB: SGZI) is pleased to announce a well-respected firm TSC, has upgraded their equity rating on SGZI. This strong upgrade comes at a time when the company announced in latest quarterly results, that net income for Q3 FY 2006, more than tripled to $359,874 the combined net income of the first two quarters of 2005.

TSC is noted for their work with, account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media.

To view the entire independent research report, please click on the attached URL: http://www.otclive.com or visit: http://www.songzaigroup.com

Mr. Hung Jun Li, CEO of Songzai Int'l Holding Group states, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This provides further confirmation to our shareholders that our company is headed in the right direction". Mr. Jun Li further stated, "We anticipate 2006 to be a record year for our company. Recently, our total tons of coal production for Q1 to Q3 surpassed the 100,000 tone mark, at 110,000 tones. And we are currently targeting to meet 133,000 tones for the full year, which ends in less than 5 weeks.

About Songzai International Holding Group, Inc.

Based in Harbin, China and Walnut, California, Songzai focuses on the development of coal mining projects in Northern China and inner Mongolia. The company is currently producing coal from its TongGong Coal Mine located near Heihe City in Northern China. The mine's coal, with estimated reserves totaling more than 4 million tonnes, is being targeted for buyers within the power plant, cement factory, and home-use markets. China is the world's largest producer and largest consumer of coal. For more information, please visit our Website at www.songzaigroup.com or call Investor Relations at 1-800-313-7912. Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Songzai International Holding Group, Inc. has little or no control.


Source: Business Wire

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