Golden Green Enterprises Limited Announces Name Change to China Gerui Advanced Materials Group Limited
December 14 2009 - 7:00AM
PR Newswire (US)
ZHENGZHOU, China, Dec. 14 /PRNewswire-Asia-FirstCall/ -- Golden
Green Enterprises Limited (NASDAQ:CHOP), a leading China-based
specialty precision cold-rolled steel producer, announced that,
effective as of today, December 14, 2009, it has changed its name
to "China Gerui Advanced Materials Group Limited" ("Gerui" or the
"Company"). Other than the name change, there are no changes to
Gerui's corporate structure, management team or business
operations. The Company's NASDAQ ticker symbol "CHOP" also remains
the same. Mr. Mingwang Lu, Gerui's Chairman and Chief Executive
Officer, stated, "We believe that the new corporate name more
accurately reflects our business and position as the market leader
in China's high-precision, cold-rolled, narrow strip steel
industry. By leveraging the Company's philosophy of operational
excellence, competitiveness and brand recognition in the
marketplace, we are committed to continuously expanding our
production capacity and broadening our product portfolio by
offering additional premium specialty cold-rolled steel products in
the future." The Company's ordinary shares, warrants, and units
will continue to trade on the NASDAQ Global Market under the
symbols "CHOP", "CHOPW", and "CHOPU", respectively. About China
Gerui Advanced Materials Group Limited China Gerui Advanced
Materials Group Limited (formerly Golden Green Enterprises Limited)
is a leading niche and high value-added steel processing company
that utilizes advanced technology to produce specialty steel
products in China. The Company produces high-end, high-precision,
ultra-thin, high-strength, cold-rolled steel products that are
characterized by stringent performance and specification
requirements that mandate a high degree of manufacturing and
engineering expertise. Gerui's products are not standardized
commodity products, but are tailored to customers' requirements and
then incorporated into products they and end-users make for various
applications. The Company sells its products to domestic Chinese
customers in a diverse range of industries, including the food
packaging, telecommunication, electrical appliance, and
construction materials industries. Safe Harbor Statement Certain of
the statements made in this press release are "forward-looking
statements" within the meaning and protections of Section 27A of
the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended, or the Exchange Act.
Forward-looking statements include statements with respect to our
beliefs, plans, objectives, goals, expectations, anticipations,
assumptions, estimates, intentions, and future performance, and
involve known and unknown risks, uncertainties and other factors,
which may be beyond our control, and which may cause the actual
results, performance, capital, ownership or achievements of the
Company to be materially different from future results, performance
or achievements expressed or implied by such forward-looking
statements. All statements other than statements of historical fact
are statements that could be forward-looking statements. You can
identify these forward-looking statements through our use of words
such as "may," "will," "anticipate," "assume," "should,"
"indicate," "would," "believe," "contemplate," "expect,"
"estimate," "continue," "plan," "point to," "project," "could,"
"intend," "target" and other similar words and expressions of the
future. All written or oral forward-looking statements attributable
to us are expressly qualified in their entirety by this cautionary
notice, including, without limitation, those risks and
uncertainties described in our annual report on Form 20-F for the
year ended December 31, 2008 and otherwise in our SEC reports and
filings, including the final prospectus for our offering. Such
reports are available upon request from the Company, or from the
Securities and Exchange Commission, including through the SEC's
Internet website at http://www.sec.gov/. We have no obligation and
do not undertake to update, revise or correct any of the
forward-looking statements after the date hereof, or after the
respective dates on which any such statements otherwise are made.
For more information, please contact: Company Contact: Email: Web:
http://www.gerui-grp.com/ Investor Relations Contact: CCG Investor
Relations Mr. Athan Dounis, Account Manager Phone: +1-646-213-1916
Email: Mr. Crocker Coulson, President Phone: +1-646-213-1915 Email:
Web: http://www.ccgasiair.com/ DATASOURCE: China Gerui Advanced
Materials Group Limited CONTACT: Company Contact: ; Investor
Relations Contact: CCG Investor Relations: Athan Dounis, Account
Manager, +1-646-213-1916, , or Crocker Coulson, President,
+1-646-213-1915, Web site: http://www.gerui-grp.com/
http://www.ccgasiair.com/
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