TORONTO, ONTARIO--(Marketwire - Jan. 31, 2011) - Changfeng Energy Inc. ("Changfeng") (TSX VENTURE:CFY), a natural gas utility operating in China, today announced that Larry Jeremias has joined the Company as Executive Vice President, Corporate Development. Larry's responsibilities include corporate strategy, capital markets/corporate finance, investor relations, general corporate development and being spokesman for the Company. Larry has 13 years of investment banking experience at some of Canada's leading investment banks dealing with small to mid cap growth companies. Larry has advised numerous growth companies on strategy, corporate finance, mergers and acquisitions and investor relations over his career. Larry has also led and been involved in numerous equity financings for public growth companies. In addition, he has a legal background having practiced law for more than two years. Former Vice President, Corporate Development Keith Attoe, resigned December 31, 2010.
Larry Jeremias stated, "I have done considerable due diligence on the company and I am very excited to be a part of such a dynamic, high growth company as Changfeng. The Company's growth opportunity in natural gas (clean energy) infrastructure in China, recurring revenue business model, significant projects under development/consideration, and track record strongly position Changfeng as an attractive growth company."
Mr. Huajun Lin, Chairman and CEO stated, "We are pleased to attract the caliber of candidate such as Larry Jeremias to fill this important role. Larry brings a wealth of valuable know how and experience to our Company that will greatly assist us in our evolution to be a leading, emerging natural gas utility in China and a premier TSX listed company. We thank Keith for his contribution to the Company."
About Changfeng Energy Inc.
The Company is a natural gas utility in the People's Republic of China ("China"). It is engaged in the design, construction, ownership and operation of natural gas pipelines and related gas distribution activities such as CNG (compressed natural gas) refueling stations. The Company markets and distributes natural gas to residential, commercial and industrial users as well as vehicle users.
The Company is headquartered in Toronto, Ontario and its shares trade on the TSX Venture Exchange.
This press release contains forward looking statements based on current expectations. These forward looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward looking statements. Risks and uncertainties about Changfeng's business are more fully discussed in the Company's disclosure materials, including its information circular and MD&A, filed with the securities regulatory authorities in Canada. All amounts are stated in Canadian dollars except for noted otherwise.