HARBIN, China, Oct. 20 /Xinhua-PRNewswire/ -- Chang-On Intl Inc. (OTC Bulletin Board: CAON) (“CAON” or “the company”), a company engaged in the business of waste recycling and reutilization, has been developing its own technology and has a factory to re-produce industrial SF wallboards for the building industry through its operating subsidiary, Harbin Hongbo Environment Protection Material Ltd. (“Harbin Hongbo”). The company announced today that it has released an Investor Fact Sheet highlighting its industry advantages and leading market position.
This Investor Fact Sheet states the company contacts, executive team briefing, company overview, industry advantages and leading market position. For more details about this Investor Fact Sheet, investors can view the company’s website at http://www.chuangon.com .
About Harbin Hongbo Environment Protection Material Ltd.
Chang-On International Inc. has an operating subsidiary, Harbin Hongbo Environment Protection Material Ltd. (“Harbin Hongbo”) located in Harbin city of China. Founded in 2004, Harbin Hongbo has a registered capital of RMB 3 million (or USD 375,000) and total assets of nearly RMB 10 million (or USD 1.25 million). It is a joint venture between enterprises from Taiwan, Hong Kong and domestic companies.
Harbin Hongbo focuses its core business in comprehensive resources utilization of industrial solid wastes in resources and environment field. The main product is SF synthetic material, a new type of material for environment protection and energy saving, which is abbreviated for synthetic material of plastics and coal ash. And based on the material, the company develops different products, such as boards and profiled bars used in well lids, grates for water drainage pools, guarding railings, protective boards for slopes, hard shoulders, inner wall cable pipe/tubes, and home renovation, etc.
The company has maintained the partnership relationship with Changchun Applied Chemistry Institute of China Academy of Sciences, which mainly specializes in researches in resources and environment, advanced materials, development of carbon dioxide, corn and rare earth resources, focused development of advanced structure materials, advanced composite materials, and advanced functional materials. Mr. Mo Zhishen, professor of the Institute, acts as the company’s R&D leader.
Harbin Hongbo will focus on the development and use of SF synthetic materials, especially construction molding boards, and then expand the scale of production, purchase new equipment, and increase output in future development.
For more information of Chang-On International Inc., please visit http://www.chuangon.com .
Forward-looking Statements
This report contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese, European and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.
The company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.
For more information, please contact:
Mr. Wang Hui
Tel: +86-451-8269-5010
Email: wanghui-1027@163.com
