CIHD - looks like they're starting the push to put their name out there so that they can get the share price back over $3 for their uplist. The news doesn't seem too significant, but it's nice to see the effort.
2010 Changda International Holdings, Inc. Fertilizer Demand Distributed Through China Post Shows a 15% Demand Increase
WEIFANG, China--(BUSINESS WIRE)--Changda International Holdings (OTCBB: CIHD - News), the Weifang based specialty chemicals manufacturer announces that the new annual distribution contract with China Post for the year 2010 includes an increase of 15% of fertilizer demand from the company’s biggest distribution partner.
“This development shows the strong relationship with our distribution Partners China Post and the success of our distribution efforts. It is an important development that confirms the success of our strategy and choice of distribution partners and markets.” Said QinRan Zhu, CEO of the Company.
The national mail service has long replaced the state owned countryside trade organizations with a mail order system provided by China Post. Through its collaboration with China Post Changda accesses its core Shandong Province market though nearly 80,000 access points. Changda and China Post have worked together for the last six years.
The Directors believe that this is development, along with other positive news, such as the recent figures released by the National Bureau of Statistics showing a 9.5% year-on-year increase in the production of chemical fertilizers in China in 2009 H1, emphasizes the overall strength of the sector.
Solid DD combined with timeliness and conviction is a recipe for profits.
AI
