ZHAOYUAN CITY, China, Jan. 7, 2010 (GLOBE NEWSWIRE) -- China Shuangji Cement, Ltd. (OTCBB:CSGJ) ("China Shuangji" or the "Company"), a leading producer of high quality Portland cement in Shandong and Hainan Provinces, PRC today announced that it has appointed Ms. Michelle Xiao Wen Zhu as the Company's new Chief Financial Officer (CFO).
Ms. Zhu has an MBA from the University of California, Irvine and is a licensed CPA with experience auditing publicly traded companies. During her tenure as an auditing manager for Kabani & Co., a licensed PCAOB accounting firm with many US listed Chinese client companies, she performed SEC audits and reviews of many of the firm's public company clients, assigned staff and supervised field work, reviewed clients registration statements as well as 10K and 10Q filings and addressed technical accounting issues related to various clients in different industries. Ms. Zhu is fluent in Mandarin and English.
Mr. Wenji Song, Chairman and President of China Shuangji Cement, Ltd. said, "Hiring Michelle is an important step forward for our Company. Her experience with the US securities markets, NASDAQ and AMEX listed companies, her understanding of PCAOB accounting methods coupled with the fact that she is fluent in Mandarin and English will be integral to our success moving forward."
"Michelle's experience, and specifically her experience with public reporting and the management teams of US listed Chinese companies, were important considerations in our decision to retain her services," stated Mr. Jun Song, CEO of China Shuangji Cement, Ltd. "We are projecting that our Company will be entering a period of rapid growth and expansion in 2010. Competent leadership, familiarity with GAAP and Sarbanes-Oxley requirements, ability to navigate the regulatory landscape, maintain reporting and disclosure standards and communicate with the investing public will be a key to our long-term success as a Company."
Ms. Zhu, commented, "I am extremely pleased that China Shuangji Cement selected me to join their team and I am very excited about the Company's growth plans. My experience with US listed companies will be valuable as China Shuangji attracts new investors and moves forward."
About China Shuangji Cement, Ltd.
China Shuangji Cement, Ltd., through its affiliates and controlled entities, is a supplier of high-grade cement to the industrial sector in the People's Republic of China and to international markets. Its processed cement products are primarily purchased by the cement industry for the purpose of making the cement required for the construction of buildings, roads, and other infrastructure projects. The Company currently produces approximately 1,500,000 tons of Portland cement annually and they expect their output will increase by 1,000,000 tons when the new Zhaoyuan plant and upgrades are completed. http://www.shuangjicement.com
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