HARBIN, China, Oct. 15, 2008 (GLOBE NEWSWIRE) -- Chang-On International, Inc. (OTCBB:CAON), a Chinese manufacturer of innovative green architectural products, announced today its decision to explore commercialization of its innovative SF brand of synthetic materials by developing initiatives to promote licensing of its production technology for synthetic materials and to generate royalties from licensing its SF brand synthetic resin technology.
Commenting on the recent decision, Mr. Guomin Li, President of Chang-On International, Inc., stated, "It is important for us to explore every avenue possible to generate value for our shareholders. Given the current uncertainty in the construction industry caused by the global financial markets, licensing our unique technologies may give us another opportunity to build brand awareness and generate revenue. "
"We feel that licensing our production and resin technologies may be a good complement to our existing manufacturing and distribution strategy for our SF brand of green architectural products and synthetic materials," said Li.
About Chang-On International, Inc.:
Chang-On International, Inc. (OTCBB:CAON) is a Chinese manufacturer of green architectural products made of its innovative SF brand of synthetic resin. Using patented technologies, the Company is engaged in the manufacturing and sales of green architectural products in the multi-billion dollar building materials market in China. Through its sole operating subsidiary Harbin Hongbo Environment Protection Material, Inc., the Company utilizes China's abundant supply of recycled plastic and coal waste as its main raw materials. SF resin can be molded into a virtually limitless range of products including pallets, pipes, tubes and wallboard, and is a substitute for PVC, steel, wood and cement. The Chinese government continues to make energy efficiency and green construction top priorities, and Chang-On is well positioned to become a major player in this growing sector. For more information, please visit: http://www.changon.com.
Safe Harbor Statement:
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