NEW YORK, Oct. 12, 2006 (PRIMEZONE) -- China Natural Gas, Inc. (OTCBB:CHNG) (http://www.naturalgaschina.com), a leader in China's natural gas industry engaging in the transmission and distribution of natural gas to a diverse base of commercial, industrial, wholesale and residential customers, has retained New York-based Rubenstein Investor Relations (RIR) as investor relations counsel.
RIR will work with the Company to help raise awareness within the investment community of the innovative approach to marketing and distribution that China Natural Gas brings to the expanding alternative vehicle fuel market place as well as other efforts to promote the use of natural gas as a more cost effective and environmentally friendly fuel and energy alternative.
China Natural Gas has terminated its previous investor relations firm, The Piacente Group.
China Natural Gas Chairman and CEO Qinan Ji stated, "We look forward to working with Rubenstein Investor Relations, a more professional investor relations firm representing quality public companies."
"We are excited to be working with China Natural Gas," said Richard Rubenstein, President of Rubenstein Investor Relations. "The company has established itself as the first China-based natural gas public company traded in the U.S. capital market. Their compelling business plan addresses a rapidly growing demand for alternative energy in the vehicle fuel market and we look forward to helping them gain greater recognition and traction in the U.S. financial arena."
About China Natural Gas, Inc.
China Natural Gas, Inc. ("CHNG"), a Delaware company, is the first China-based U.S. public natural gas services provider that owns and operates a 120-kilometer-long compressed natural gas pipeline in China's Xi'an area, a fast growing Chinese city supported by a population of approximately 8 million, and is the "gateway" to the broad Western regions of China. CHNG has three profitable business segments: end user delivery of natural gas services to residential, commercial and industrial customers; wholesale natural gas to retail natural gas filling stations; and retail natural gas at company-owned natural gas filling stations. The city of Xi'an has approximately 20,000 taxis, 3,000 buses and 2,000 special purpose vehicles that are powered by compressed natural gas.
About Rubenstein Investor Relations
Rubenstein Investor Relations specializes in introducing and positioning small-and mid cap companies to appropriate communities of investors. The Company focuses on facilitating and developing strong and lasting investment banking relations, building institutional support, and improving clients' overall investor relations strategies.
Certain forward-looking statements made on this press release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to the risks described in the company filings with the Securities and Exchange Commission.