MIAMI, Oct. 7, 2009 (GLOBE NEWSWIRE) -- China Carbon Graphite Group, Inc. ("China Carbon" or the "Company") (OTCBB:CHGI), one of China's leading non-state-owned producers and wholesale suppliers of fine grain and high purity graphite, today announced that members of its management team will participate in the 2009 Roth China Conference to be held at the Fontainebleu in Miami Beach, Florida from Monday, October 12 to Wednesday, October 14, 2009.
Details for the Company's presentation are as follows:
Event: Corporate Presentation, Q&A, One-on-One meetings
Date: Wednesday, October 14, 2009
Location: Fontainebleau Miami Beach,
4441 Collins Ave Miami Beach, FL 33139
Presentation Time: 3:00 PM
Participants: Donghai Yu, CEO and Ting Chen, CFO
About the Roth Conference
"Interest in the U.S.-listed China sector from our institutional client base has never been stronger," said Mark Tobin, Director of Research at ROTH. "This interest is driven by widespread confidence that China is poised to lead the world out of recession. The performance of U.S.-listed China equities reflects this confidence, with ROTH `s Research Universe of 53 companies gaining 104.7 percent year to date."
Tobin said, "ROTH's China research team believes the sector has substantial room for further growth and has selected companies for this conference that are well-positioned to benefit from China's overall strong economy and secular trends."
"ROTH's China Research Coverage Universe currently trades at a price-earnings (P/E) multiple of approximately 12.5x its 2010 EPS estimates, reflecting a 20% discount to Hong Kong's Hang Seng Index and a 40% discount to the Shanghai Composite. This earnings multiple also represents a significant discount to these companies expected growth rates," Tobin said.
About China Carbon Graphite Group, Inc.
China Carbon, through its affiliate, Xingyong Carbon Co., Ltd., manufactures carbon and graphite based products in China. The company is the largest wholesale supplier of fine grain and high purity graphite in China. Fine grain graphite is widely used in smelting for colored metals and rare earth metal smelting as well as the manufacture of molds. High purity graphite is used in metallurgy, mechanical industry, aviation, electronic, atomic energy, chemical industry, food industry and a variety of other fields. In September 2007, the company was approved and designated by Ministry of Science & Technology as a "National Hi-tech Enterprise." Of the 400 plus carbon graphite producers in China, China Carbon is the only non-state-owned company to receive this honor. For more information, visit http://www.chinacarboninc.com.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.