and now news...
China Shuangji Cement Ltd. (OTCBB: CNSJ) ("China Shuangji" or "the Company") today announces a corporate update and an action plan for this quarter.
"The change to our corporate name and ticker symbol on November 9, 2007 marks a new direction for the Company," said China Shuangji Chairman and President Wenji Song.
China Shuangji expects to receive the audited financial statements of Shandong Zhaoyuan Shuangji Group Co., Ltd. ("SZSG") and contemplates filing the necessary Form 8-K with the Securities and Exchange Commission on a series of contractual agreements with SZSG, a domestic company registered in the People's Republic of China which is engaged in the business of manufacturing of cement products.
Mr. Song further stated, "I believe that each company has undeveloped endless potential. Looking ahead, our Company faces valuable developmental opportunities, along with many difficulties and challenges. We will execute the development strategies already approved, on the basis of the strengthening cement industry, to implement brand name effectiveness, and to expand in both the domestic and international markets. Our focus will be on leveraging the Company's strengths and stepping up business development, in order to provide the best products to our customers and as well to make Shuangji a large-scale international corporation. The Company is in the new historic development stage. We will continue to do what is necessary to establish strong corporate governance, in order to protect the interests of the Company and all shareholders. With the support of all our shareholders, and the combined efforts of the Board of Directors, management and staff, I firmly believe that Shuangji is blessed with a very promising future."
