HARBIN, China, Oct. 22, 2008 (GLOBE NEWSWIRE) -- Chang-On International, Inc. (OTCBB:CAON), a Chinese manufacturer of innovative green architectural products, announced today that it has completed production line modifications to improve cost effectiveness and will publish details, including equipment costs of the new production strategy on the Company's website. The production line modifications are in support of the Company's previously announced plans regarding regional expansion for its SF brand of synthetic materials.
Commenting on the production line modifications, Mr. Guomin Li, President of CAON, stated, "We now have the ability to launch a production line to manufacture products made of our SF brand synthetic materials for as little as RMB1,525,000. The cost effectiveness of our recent production line modifications gives us greater flexibility to expand regional distribution of our SF brand."
About Chang-On International, Inc.:
Chang-On International Limited (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 the People's Republic of 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 end-use products, including pallets, pipes, tubes and wallboard, and is a superior 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 the Company's website at: http://www.changon.com.
Safe Harbor Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.