MISSISSAUGA, Ontario, Nov. 2, 2005 (PRIMEZONE) -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Puda Coal, Inc. (OTCBB:PUDC).
Puda Coal, Inc., through its controlled affiliates in Taiyuan City, China, is a leading supplier of China's highest grade metallurgical coking coal, which is used to make coke for purposes such as steel manufacturing. Puda is currently the 3rd largest coking coal cleaning company in Shanxi Province and will have the largest cleaning capacity by December 2005. Shanxi Province accounts for 20%-25% of China's coal output and 50% of China's coke production.
Puda currently has annual production of 1,200,000 tons of cleaned coal and management believes it is the largest cleaned coal processing company in the Shanxi province and among the top five in the nation.
From 2004 to 2006, management anticipates being able to ramp revenue from $19.7 million to $109.0 million and net income from $3.7 million to $11.3 million, while maintaining gross profit margins in the range of 21-23%.
Demand for quality grade coking coal is tied to the demand for steel. China's steel production continues to grow significantly (up 28% in first seven months of 2005 over prior year period). Steel is a key component of the rail systems, bridges, ports, airports, construction projects and car production spearheading China's economic growth.
A complete PUDC profile can be viewed at: http://www.allpennystocks.com/apsc/us/stock_profiles/pudc.htm
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Although the majority of AllPennyStocks.com reports are independent, it has received compensation for carrying the report on Puda Coal, Inc. (OTCBB:PUDC). The amount is ten thousand dollars and anticipates another five thousand two hundred and fifty dollars by a third-party, Keating Investments, LLC for its efforts in presenting the PUDC profile on its web site and distributing it to its database of subscribers as well as other services. This creates an inherent conflict of interest and readers are encouraged to view the full disclaimer at http://www.allpennystocks.com/apsc/us/stock_profiles/pudc.htm.