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China Infrastructure Inv. Corp. (fka CIIC)

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Last Post: 10/2/2018 12:33:59 PM - Followers: 4 - Board type: Free - Posts Today: 0






China Infrastructure Investment Corporation, incorporated in Nevada, USA and headquartered in Henan Province, China, focuses on investing in, constructing, operating and managing infrastructure development projects in China.
The Company currently operates the Pinglin Expressway, a 106-kilometer (66 miles) dual carriageway four-lane toll road in the central province of Henan.
The Expressway is an important passage from the northwest region to the southeast coastal region of China.
The Company is actively pursuing additional development opportunities in infrastructure projects, including expressways, electricity, water supply and bio fuel facilities.


For more information, please visit www.ciicusa.com



CHINA INFRASTRUCTURE INVESTMENT CORPORATION CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED)

THREE MONTHS ENDED SEPTEMBER 30, -------------------------- 2009 2008 ------------ ------------ REVENUES $ 13,578,529 $ 15,438,407

OPERATING COSTS 1,277,504 1,209,211

DEPRECIATION AND AMORTIZATION 1,888,533 2,104,615 ------------ ------------

GROSS PROFIT 10,412,492 12,124,581

General and administrative expenses 1,368,500 1,345,248 ------------ ------------

INCOME FROM OPERATIONS 9,043,992 10,779,333

OTHER INCOME (EXPENSES)

Interest expense (7,531,649) (9,287,380)

Interest income 2,191,389 2,776,786

Other income, net 282,949 256,212 ------------ ------------

Income FROM OPERATIONS Before Income Taxes 3,986,681 4,524,951

Income Tax EXPENSE (1,052,175) (1,208,766) ------------ ------------

NET INCOME 2,934,506 3,316,185 ------------ ------------

OTHER COMPREHENSIVE INCOME

Foreign currency translation gain 190,993 428,851 ------------ ------------

OTHER COMPREHENSIVE INCOME, NET 190,993 428,851 ------------ ------------

COMPREHENSIVE INCOME $ 3,125,499 $ 3,745,036 ============ ============

WEIGHTED AVERAGE SHARES OUTSTANDING, BASIC AND DILUTED 80,000,000 80,000,000 ============ ============

NET INCOME PER COMMON SHARE, BASIC AND DILUTED $ 0.04 $ 0.04 ============ ============


Contacts:

Mr. Wang Feng Corporate Secretary Pinglin Expressway Headquarters New District,
Pingdingshan Henan Province, P.R. China 467000
Tel: 86-371-68261551 Fax: 86-371-68261839
http://www.ciicusa.com

wangfeng@ciicusa.com

Ken Donenfeld DGI Investor Relations 212-425-5700
Email: donfgroup@aol.com Email: kdonenfeld@dgiir.com



KEY SENIOR MANAGEMENT


Chairman and CEO, Mr. Xipeng Li 
Mr. Li is also the Chairman and CEO of Henan Shengrun Investment Co., Ltd. Mr. Li has proven successful records in developing and managing infrastructure projects in China in the past 15 years. Mr. Li has a EMBA degree from Cheung Kong Graduate School of Business in China.

 
Director and CFO, Mr. Chunxian Zhang
Mr. Zhang has served as Chief Financial Officer of Pinglin Expressway Co., Ltd. since May 2003. Prior to that, Mr. Zhang served as investment manager at Central China Trust and Investment Co., Ltd based in Henan province. Mr. Zhang is a Chinese Certified Public Accountant.

Director,Vice President,Ms Wenying Li
Ms. Wenying Li was a computer system programmer at the R&D department of Lenovo China Corporation in her early career in China. She previously acted as producer, director and host of TV talk shows for China television. She has successfully founded CRTVU-Online Educational Technology Corporation - the largest distance learning company in China, previously served as board director. In 2006 she was appointed as international ambassador for Word Congress on Information Technology. Ms. Li also served as the president's special advisor of University Canada West. She has a Bachelor of Computer Science degree.

  Director, Mr. Changlai Li 
Mr. Li has being the General Manager of Weilan Highway Investment Construction Co., Ltd. since 2004. Prior to that, Mr. Li served as Chief Engineer of Henan Highway Development Co., Ltd. from June 2002 through December 2004 and Manager of Zhumadian Expressway of Henan Highway Development Co., Ltd. October 2001 through June 2002. Mr. Li earned his Masters degree at Changan University in Xian, China.
General Manager of Pingdingshan Pinglin Expressway Co., Ltd., Mr. Jingshan Li
Prior to join the Company in May 2003, Mr. Li was an senior official at Pingdingshan Municipal Bureau of Transportation and senior executive of Pingdingshan Transportation Corporation and deputy general manager of Pingdingshan Expressway Construction Co., Ltd.
Chief Engineer of Pingdingshan Pinglin Expressway Co., Ltd., Mr. Yansheng Mao
Mr. Mao has extensive engineering experience in highway construction and maintenance. He served as the design engineer for Pingdingshan Municipal Road Bureau and chief engineer with Pingdingshan Kaida Construction Co., Ltd. He was been with the Company since June
 
Corporate Secretary, Mr. Wang Feng 
Mr. Wang has served as the corporate secretary of Pinglin since May 2007. Prior to that, Mr. Wang served as Investment Manager of Henan Hi-Tech Venture Capital Co., Ltd. Mr. Wang earned his Masters degree from Beijing Information Science and Technology University and his Bachelor of Science degree from Hunan University. Mr. Wang is a Chinese Certified Public Accountant.



On September 21, 2011, the Company received a letter of resignation from Mr. Lei Li, who was the Chief Financial Officer of the Company at the time.
Although the Company did not accept Mr. Li's resignation, Mr. Li did not continue to perform his duties as Chief Financial Officer for the Company.

On December 15, 2011, the Board of Directors was informed that Mr. Li submitted a resignation letter on September 21, 2011 and had ceased working for the Company immediately after such submission.
It was also brought to the attention of the Board of Directors on December 15, 2011, that the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2011 filed on October 13, 2011, its Quarterly Report on 10-Q for the quarter ended September 30, 2011, filed on November 14, 2011 and its Annual Report on Form 10-K/A for the fiscal year ended June 30, 2011, filed on November 14, 2011, all of which included Mr. Li's signatures had in fact not been prepared or reviewed by Mr. Li, and Mr. Li had not personally signed such reports or consented to the use of his signature on such reports.

The Board of Directors has authorized the Audit Committee of the Company to conduct an internal investigation into the foregoing matter.

The Company will commence a search to identify a qualified candidate to serve as the new Chief Financial Officer, who will be approved by the Board of Directors.
In the interim the Board has approved Ms. Jie Lin, who is currently the VP of Operations, to act as interim Chief Financial Officer. Ms. Lin has served as a Vice President of Operations of the Company since March 9, 2008 and has served as Manager of the Finance Department and as Assistant to the General Manager of Pingdingshan Pinglin Expressway Co., Ltd., since May 2003. Prior to that, Ms. Lin served as Manager of the Finance Department of Henan Shengrun Real Estate Co., Ltd. in the PRC since March 2000.

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#368   Some pump spammer brought me to this place JD400 10/02/18 12:33:59 PM
#367   CIIC revoked: Renee 07/31/15 09:37:39 AM
#366   CIIC: SEC Charges Chinese Issuer and Two Officers Renee 03/04/15 04:31:33 PM
#365   CIIC SEC Suspension for Financials / Filings delinquencies: Renee 03/04/15 09:39:46 AM
#364   CIIC is gaining massive attention and momentum kranthikumar 07/25/13 10:04:03 AM
#363   29-May-12 Earnings announcement markz 05/27/12 04:52:42 PM
#362   25-May-12 Earnings announcement markz 05/19/12 10:11:06 AM
#361   18-May-12 Earnings announcement markz 05/13/12 03:51:52 PM
#360   11-May-12 Earnings announcement markz 05/08/12 10:59:36 AM
#359   7-May-12 Earnings announcement markz 05/01/12 01:51:57 PM
#358   30-Apr-12 Earnings announcement markz 04/24/12 03:09:32 PM
#357   23-Apr-12 Earnings announcement markz 04/21/12 12:27:43 PM
#356   www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8544011 form 25[/ markz 04/21/12 12:21:20 AM
#355   20-Apr-12 Earnings announcement markz 04/17/12 11:35:57 AM
#354   16-Apr-12 Earnings announcement markz 04/13/12 11:35:19 AM
#353   moved 12-Apr-12 Earnings announcement markz 04/11/12 01:11:26 PM
#352   11-Apr-12 Earnings announcement markz 04/08/12 03:34:03 PM
#351   www.otcmarkets.com/stock/CIIC/company-info otc information markz 03/23/12 01:32:26 AM
#350   Next Earnings Announcement 03/21/2012 markz 03/08/12 01:09:39 PM
#349   China Infrastructure Investm (CIIC) Key Developments markz 03/03/12 12:42:34 AM
#348   China Infrastructure Investment Corp. Appoints Ye De Chao markz 03/03/12 12:40:23 AM
#347   wow. nice uptic! markz 02/28/12 01:01:06 AM
#346   I wonder if they are interested in there markz 02/14/12 04:32:51 PM
#345   i am curious about that 17 cent spike. markz 02/14/12 04:30:24 PM
#344   Why is ihub not updating the pps box. markz 02/14/12 04:29:53 PM
#343   Anyone know how to contact mister li? markz 02/14/12 04:28:47 PM
#342   Up 17cents and no news ? jimbonano 01/27/12 10:50:30 AM
#341   Change in Directors or Principal Officers markz 12/18/11 04:43:03 AM
#340   they hired small auditor again IPO$ 12/09/11 01:18:03 PM
#339   Watching for a better bouncy-bounce play manana here>>> Sam'd'Mil 11/17/11 03:39:09 PM
#338   Great **ALERT** [SMART MONEY] 11/17/11 03:11:04 PM
#337   CIIC is delisting to the PINKS tomorrow. chris8sirhc 11/17/11 01:27:21 PM
#336   Cant find anything on the hearing... markz 10/29/11 03:50:05 AM
#335   it seems to hold up above the dollar... markz 10/24/11 02:13:03 PM
#333   i hope so too, tried to sell at markz 10/24/11 09:15:05 AM
#332   The CEO has screwed the shreholders already. I Frankiy 10/23/11 05:33:56 PM
#331   the Company formally appealed the determination to delist markz 10/23/11 11:43:35 AM
#330   Notice of Delisting or Failure to Satisfy a Frankiy 10/21/11 05:14:20 PM
#329   CIIC 10k For the Fiscal Year Ended June Frankiy 10/14/11 07:19:44 AM
#328   Form 8k-Loan Set-Off Agreement Frankiy 10/13/11 06:50:36 AM
#327   10-Oct-1 Earnings announcement. markz 10/09/11 03:29:17 AM
#326   They got the nasdaq compliance by friday! So Frankiy 09/19/11 09:36:20 AM
#325   Great trade Frankie! I'm not sure how much O-Man 09/19/11 09:25:33 AM
#324   bought some at 112 lol, it went right up. markz 09/16/11 04:05:28 PM
#323   CIIC had a great day today.. will david_jenkins 09/16/11 04:02:13 PM
#322   CIIC had a great day today.. will david_jenkins 09/16/11 04:01:59 PM
#321   CIIC all out at $1.17 Frankiy 09/16/11 03:24:01 PM
#320   holymoly! great cal Frankiy! markz 09/14/11 10:58:34 AM
#319   LOL, somebody wants to stay on NASDAQ real bad! O-Man 09/14/11 10:33:46 AM
#318   CIIC $1.25 new 52 week high! Frankiy 09/14/11 10:01:39 AM
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