GC China Turbine Corp. to Present at 8th Annual Ardour Capital Energy Technology Conference in New York
15 Septembre 2010 - 5:14PM
Marketwired
GC China Turbine Corp. (OTCBB: GCHT) (the
"Company "or "GC China"), a leading Chinese manufacturer of twin
blade wind turbines, announced today that Mr. Marcus Laun will be
presenting at The Eighth Annual Ardour Capital Energy Technology
Conference in New York. The presentation will be on Friday,
September 17, from 10am to 10:30am in the President's Dining Room
at the Fordham University Graduate School of Business: 113 W 60th
Street, New York. Following the presentation, there will be a
breakout session from 10:30am to 11am in the Plaza View room.
Laun will discuss the company's progress including recently
reported second quarter 2010 results as well as its financial and
operational outlook for the remainder of 2010. Sales for the three
months ended June 30, 2010 were approximately $11 million, compared
to no revenues for the same period last year. Net income was $1.6
million, or $0.02 per diluted share compared to a net loss of
approximately $226 thousand, or $(0.01) per diluted share for the
quarter ended June 30, 2009. GC China started mass production based
on orders from customers during the second half of 2009 and 20 wind
turbines were sold in the second quarter of 2010.
For more information about the conference or to schedule a
one-on-one meeting with GC China Turbine management, please contact
your Ardour Capital representative or visit the conference Web site
at www.ardourcapital.com/annual_conference.php. Investors can also
contact Todd Pitcher at 760-798-4938, or email
tpitcher@aspirecleantech.com.
About Ardour Capital
Ardour Capital Investments, LLC provides financial services to
the energy technology sector. The firm's services include corporate
finance, business strategy, equity research, investment banking,
raising capital, corporate branding, trading, and brokerage. It
focuses on small capitalization growth companies. Ardour Capital is
headquartered in New York City. Ardour Global Indexes are a family
of pure-play alternative energy indexes. Member of FINRA/SIPC. For
more information about Ardour Capital, visit
www.ardourcapital.com.
About GC China Turbine Corp.
GC China is a leading manufacturer of state-of-the-art 2-bladed
wind turbines based in Wuhan City of Hubei Province, China. The
Company holds a license to manufacture a groundbreaking technology
which meets rigorous requirements for low-cost and high
reliability. The technology was developed through a 10 year
European research project costing over US$75 million. GC China's
launch product is a 1.0 megawatt ("MW") utility scale turbine with
designs for a 2.5MW and 3.0MW utility scale turbine in development.
The Company's initial efforts have been rewarded with contracts of
approximately US$135 million to-date. For more information, visit:
http://www.gcchinaturbine.com/.
Notice Regarding Forward-Looking
Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. Statements in this press release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things, completion of definitive agreements with local
and provincial governments, wind farms and utility companies,
number of wind turbine systems ordered, manufactured, delivered and
installed, the Company's future strategic plans, the outlook for
the Company's markets and the demand for its products, estimated
sales, the development, costs and results of new business
opportunities. Actual results could differ from those projected in
any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainties
associated with new projects and development stage companies. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that any beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our annual report on Form 10-K
for the most recent fiscal year, our quarterly reports on Form 10-Q
and other periodic reports filed from time-to-time with the
Securities and Exchange Commission.
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Investor Contact: Hayden Communications International
Aspire Clean Tech Communications, Inc. Todd M. Pitcher Managing
Partner Tel: +1-760-798-4938 Email: tpitcher@aspirecleantech.com
Web: http://www.aspirecleantech.com
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