Tianxin Mining Industry Co., Ltd, a Chinese Company, Announces Listing on the Pink Sheets
01 Octobre 2007 - 4:31PM
PR Newswire (US)
CARSON CITY, Nev., Oct. 1 /PRNewswire-FirstCall/ -- Tianxin Mining
Industry Co., Ltd (Pink Sheets: TXNM), a comprehensive mining group
enterprise engaged in multiple sectors including mining,
concentrating, sintering and grinding, announced today that it is
now listed on the Pink Sheets under the symbol TXNM. In June 2007,
Tianxin Mining merged with bioengineering firm Yizhong (YZBG.pk)
and renamed the Company to Tianxin Mining (USA) Inc. following a
100:1 reverse stock split of the common shares. Headquartered in
Tianjin, China, Tianxin Mining plays a leading role in the
development of mining resources in the North China Plain. The
Company currently operates two concentrating mills, which produce
refined ferrous powder used for granulation in iron and steel
works. 2007 revenues are expected to come in at over $12M US with a
total Company workforce of 300 people. Tianxin's project ore mines
cover an area of over 733,370 square meters and account for an
annual output of 500,000 tons. Continual global expansion in
several major industrial segments has created a huge strain on
resource reserves of iron, copper, silver, and molybdenum, opening
up numerous opportunities for the Company. Tianxin Mining's future
outlook is one of progress and innovation. "By adhering to
deepening reform, advancing scientifically and expanding market
presence, Tianxin is able to further its goal of "first-class
enterprise, first-class mine," said Liu Jia Zhen, CEO of Tianxin
Mining. "The Company looks to provide high quality products,
reasonable prices and considerate services for its customers both
domestic and abroad. In addition to mining activities, Tianxin
carries out environment greening, land reclaiming and pollution
control, which lead to distinct economic and social benefits. SAFE
HARBOR: Certain statements in this news release may contain
"forward looking" information within the meaning of rule 175 under
the Securities Act of 1933 and Rule 3b-6 under the Securities Act
of 1934 and are subject to the safe harbor created by those rules.
All statements, other than statements of fact, included in this
release, may include forward-looking statements that involve risks
and uncertainties. There can be no assurance that such statements
will be accurate and actual results and future events could differ
materially from those anticipated in such statements. Investor
Relations Contact: Mark Feld Falcon Financial Partners, LLC Tel:
866-210-4671 Company Contact: Michel XU Director Tianxin Mining
(USA) Inc Tel: 514-578-0585 E-Mail: DATASOURCE: Tianxin Mining
Industry Co., Ltd CONTACT: Michel XU, Director of Tianxin Mining
Inc, +1-514-578-0585, ; or Investor Relations, Mark Feld, of Falcon
Financial Partners, LLC, 1-866-210-4671, for Tianxin Mining
Industry Co., Ltd Web Site: http://www.txnmotc.com/
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