Heres's the homepage of the company :
http://www.china-eec.com/just read this :
China Evergreen Announces Completion of Water Treatment Project
Tuesday June 28, 7:54 am ET
GUANGZHOU, China--(BUSINESS WIRE)--June 28, 2005--China Evergreen Environmental Corp (OTCBB:CEEC - News; " the Company" ) today announced the completion of a 20,000 tonne/day municipal waste water treatment facility in Hai Yang City of Shandong Province. The project, contracted on a build-operate-transfer (BOT) basis was completed, on time and within cost parameters, at a total investment of $3.6 million and will generate average revenue of $600,000 to 650,000 per annum over the total project life of 22 years.
In announcing completion of the project, Mr Pu Chongliang, Chairman of Evergreen commented, " Completion of the HaiYang project is further reflection of our ability to undertake and complete complex water treatment facilities on a cost efficient and timely basis. The pressure on municipalities in China to accelerate the treatment of waste water reflects the enormous environmental needs being created as a result of economic growth and the high levels of urbanization taking place. China Evergreen has consolidated its position as one of China's leading environmental technology groups and stands to benefit from this growth." Mr Pu continued, " In addition to HaiYang, the Company is currently involved in two additional BOT projects, one of which is scheduled for completion and commissioning in August, as well as turnkey facilities in Guangdong Province. The Company currently has a pipeline of ten BOT and turnkey projects and has entered into two arrangements to acquire existing BOT projects in Henan Province with a total processing capacity of 130,000 tonnes/day."
" Given the strength of our project pipeline and revenue coming on stream over the rest of the year, we are confident that our strong financial performance over the past two years will be continued." Mr Pu concluded.
About Evergreen:
Evergreen Asset Group Ltd is a leading designer, engineer and developer of waste water treatment facilities in China. With its proprietary technology resources and project management experience, the company provides both turnkey and BOT (build-operate-transfer) services to a range of industrial companies and municipalities throughout China.
Forward-Looking Statements:
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to the acquisition, beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
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Contact:
Martin E. Janis & Company, Inc.
Beverly Jedynak
312-943-1100 Ext 12 (Telephone)
312-943-3583 (Facsimile)
bjedynak@janispr.com (Email)
or
Orient Financial Services Limited,
Financial Advisors to Evergreen Asset Group.
Nils Ollquist
+852 2521 5210 (Telephone)
+852 2166 8999 (Facsimile)
nao@orientfinancial.com (Email)
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