China Industrial Waste
Management, Inc. (OTC Bulletin Board: CIWT) ("China Industrial Waste
Management" or the "Company"), a PRC-based industrial waste processor and
provider of environmental protection, pollution treatment and waste management
design services, announced today that it attended the "Sino-German Workshop in
Response to Climate Change Application of Sludge Treatment Technologies and
Potential CDM Projects" on
August 31st and
September 1st in
Dalian, China.
The Workshop was organized by the Ministry of Housing and Urban-Rural
Development of the Peoples' Republic of China ("MOHURD") and the German
Federal Environmental Department of Nature Conservation and Nuclear Safety.
Experts from China and Germany introduced the current practice of sludge
treatment in both countries and its further development in the context of
Clean Development Mechanisms ("CDM").
Mr. Jun Liu, General Engineer of Dongtai Organic Waste Treatment Co., Ltd.
("Dongtai Organic"), the Company's subsidiary, introduced a sludge treatment
project in Dalian, operated by Dongtai Organic. Participants of the seminar
visited Dongtai Organic's sludge treatment facility. The initial six
fermentation tanks are in trial production and are performing very well. Once
completed, there will be 12 fermentation tanks in operation. The designed
capacity of this project is 600 tons per day for sludge treatment, and
25,000-30,000 m3 per day for biogas generation.
The company's core technology of anaerobic digestion and its successful
application was highly praised by representatives from MOHURD, and they
recommended this technology and equipment be applied in other cities as well.
"We were pleased to have attended this seminar for an extensive discussion
with experts in the sludge treatment industry," said Mr. Jinqing Dong, the
Company's Chief Executive Officer. "The success of our sludge treatment
project in Dalian has attracted increasing attention from domestic and
overseas specialists."
Currently, a 12-km-long biogas pipe network is under construction.
Management anticipates that this network will be completed by end of October
2009. The biogas generated by these 12 fermentation tanks will be distributed
through the network to end-users in Dalian as a supplement to town gas.
About China Industrial Waste Management, Inc.
China Industrial Waste Management, Inc. is engaged in the collection,
treatment, disposal and recycling of industrial wastes principally in Dalian
and surrounding areas in Liaoning Province, People's Republic of China through
its 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd.
("Dongtai") and other indirect subsidiaries. Dongtai treats, disposes of
and/or recycles many types of industrial wastes, and recycled waste products
used by customers as raw material to produce chemical and metallurgy products.
In addition, Dongtai treats or disposes of industrial waste through
incineration, burial or water treatment, and provides environmental protection
services, technology consultation, pollution treatment services, waste
management design processing services, waste disposal solutions, waste
transportation services, onsite waste management services, and environmental
pollution remediation services. For more information, please visit:
http://www.chinaciwt.com .
Cautionary Statement Regarding Forward-Looking Information
This release may include "forward-looking statements." You can identify
these statements by the fact that they do not relate strictly to historical or
current facts. These statements contain such words as "may," "project,"
"might," "expect," "believe," "anticipate," "intend," "could," "would,"
"estimate," or the negative or other variations thereof or comparable
terminology. These forward-looking statements are based on current
expectations and projections about future events. Investors are cautioned that
forward-looking statements are not guarantees of future performance or results
and involve risks and uncertainties that cannot be predicted or quantified and,
consequently, our actual performance may differ materially from those
expressed or implied by such forward-looking statements. Such risks and
uncertainties include, but are not limited to, the following factors, as well
as other factors described from time to time in our reports filed with the
Securities and Exchange Commission: the timing and magnitude of technological
advances; the prospects for future acquisitions; the effects of political,
economic and social uncertainties regarding the governmental, economic and
political circumstances in the People's Republic of China, the possibility
that a current customer could be acquired or otherwise be affected by a future
event that would diminish their waste management requirements; the competition
in the waste management industry and the impact of such competition on pricing,
revenues and margins; uncertainties surrounding budget reductions or changes
in funding priorities of existing government programs and the cost of
attracting and retaining highly skilled personnel; our projected sales,
profitability, and cash flows; our growth strategies; anticipated trends in
our industries; our future financing plans; and our anticipated needs for
working capital. Forward-looking statements speak only as of the date on which
they are made, and, except to the extent required by federal securities laws,
we undertake no obligation to update any forward-looking statement to reflect
events or circumstances after the date on which the statement is made or to
reflect the occurrence of unanticipated events.
For more information, please contact:
Company Contact:
Ms. Guo Xin, CFO
Tel: +86-411-8581-1229
Email: hellenguo@chinaciwt.com
Mr. Zhang Dazhi, Company Secretary
Tel: +86-411-8259-5339
Email: darcy.zhang@chinaciwt.com
Web: http://www.chinaciwt.com
CCG Investor Relations:
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York) or
Mr. Gary Chin, Tel +1-646-213-1909
Email: crocker.coulson@ccgir.com
Web: http://www.ccgirasia.com