NEW YORK, April 29, 2013 /PRNewswire/ -- Asia Carbon
Industries, Inc. ("Asia Carbon", or
the "Company") whose shares trade on the U.S. OTC Markets under the
stock symbol "ACRB", today announced its appointment of Ms.
Elaine Zhao, as its new chief
financial officer, effective April 16,
2013.
Ms. Zhao brings over 15 years of professional expertise in
auditing, financial and general management through her past
experience. In 2005, Ms. Zhao founded ELZ Accountancy Corp., a
Los Angeles based accounting and
financial advisory firm, and she has served as its president since
that time. In her work with ELZ, Ms. Zhao has served clients
including privately owned and publicly traded company in various
industries and has worked with banks in financing small businesses.
Ms. Zhao has held Registered Investment Advisor Representative and
Registered General Securities Representative at a national
brokerage firm since October 2002.
From July 2007 to June 2010, Ms. Zhao served as chief financial
officer for Biostar Pharmaceuticals, Inc., a public company with
its securities trading on NASDAQ. From October 2000 to October
2005, Ms. Zhao worked as accountant and auditor at Liang
& Company Accountancy Corp. in Los
Angeles. Ms. Zhao currently also serves as chief
financial officer for China Power Equipment, Inc., a public company
with its securities trading on OTC Markets (OTCQB: CPQQ). She
holds a Master of Science in Finance from the Kelley School of
Business at Indiana University and is a
Certified Public Accountant.
"We are delighted to have Ms. Zhao join Asia Carbon as our chief financial
officer. We are committed to building our management team,"
said Ms. Guoyun Yao, CEO and Chairman of the Company, "I am
confident Ms. Zhao will be a great addition to us." The
Company thanked Mr. Xiaolong Zhou,
its former CFO's contribution during his tenure with the
Company.
About Asia Carbon Industries, Inc.
Asia Carbon Industries Inc. is an emerging, China-based producer of a series of high
quality carbon black products under the brand name "Great Double
Star." The Company was established in 2003 in Shanxi, China's highest coal producing
province. Asia Carbon is one of the
top ten carbon black producers in the province and has established
relationships with a high-profile customer base. The Company went
public in 2010 through a registration statement filed with the
Securities and Exchange Commission (SEC) on Form S-1 which was
declared effective by the SEC on October 26,
2010, and is currently in the process of expanding its
manufacturing capacity to meet the anticipated demand.
Forward-looking statements:
The above news release contains forward-looking statements. The
statements contained in this document that are not statements of
historical fact, including but not limited to, statements
identified by the use of terms such as "anticipate," "appear,"
"believe," "could," "estimate," "expect," "hope," "indicate,"
"intend," "likely," "may," "might," "plan," "potential," "project,"
"seek," "should," "will," "would," and other variations or negative
expressions of these terms, including statements related to
expected market trends and the Company's performance, are all
"forward-looking statements" and involve a number of risks and
uncertainties. These statements are based on assumptions that
management believes are reasonable based on currently available
information, and include statements regarding the intent, belief or
current expectations of the Company and its management. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performances, and are subject to a
wide range of external factors, uncertainties, business risks, and
other risks identified in filings made by the company with the SEC.
Actual results may differ materially from those indicated by such
forward-looking statements. The Company expressly disclaims any
obligation or undertaking to update or revise any forward-looking
statement contained herein to reflect any change in the company's
expectations with regard thereto or any change in events,
conditions or circumstances upon which any statement is based,
except as required by applicable laws, regulations and rules.
Elaine Zhao
Asia Carbon Industries, Inc.
Phone +1-626-386-8062
SOURCE Asia Carbon Industries Inc.
