China Evergreen - New BOT Waste Water Treatment Project.GUANGZHOU Guangzhou (gwäng`jō`) or Canton (kăn'tŏn`, kăn`tŏn'), city (1994 est. pop. 3,113,800), capital of Guangdong prov., S China, a major deepwater port on the Pearl River delta. , China -- China Evergreen evergreen, term commonly used as synonymous with conifer and applied also to all those broad-leaved plants that bear green leaves throughout the year. Of the latter, most are plants of the tropics, subtropics, and other areas where the growing season is prolonged (e. Environmental Corp (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CEEC CEEC Central and Eastern European Country CEEC College Entrance Examination Center CEEC Comité Européen pour l'Enseignement Catholique (Belgium) CEEC Commerce and Engineering Environmental Conference ) announced today that it has entered into an agreement to build-operate-transfer, or BOT, a new municipal wastewater treatment project with a capacity to treat 20,000 metric tons of municipal wastewater per day. The new facility is to be located in Tianjin, the largest industrial and port city in northern China, and is expected to generate an average revenue to CEEC of approximately $650,000 per year over the total project life of 20 years. The facility is CEEC's sixth project contracted on a BOT basis. In announcing the new project, Mr Pu Chongliang, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CEEC stated, "I am pleased to announce the new Tianjin project. In recent years, CEEC has consolidated its position as one of China's leading environmental technology groups. The addition of a new BOT project will further enhance our standing and should positively affect our future earnings." "Moving forward, we believe that CEEC has a solid fundamental business, and given our plans to acquire additional wastewater treatment contracts in the next year, we expect our earnings to be positively impacted," he concluded. About China Evergreen Environmental Corporation China Evergreen Environmental Corporation is a leading designer, engineer and developer of wastewater treatment facilities in China. With its proprietary technology resources and project management experience, CEEC provides both turn-key and BOT (build-operate-transfer) services to a range of industrial companies and municipalities throughout China. CEEC also markets and sells its proprietary GM Bio-carriers, a natural, chemical-free process designed to improve the efficiency of the wastewater treatment process. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. made on behalf of CEEC and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by CEEC may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements in this document that are not purely historical are forward-looking statements, including any statements as to the acquisition, beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections includes, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices and other economic factors. CEEC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions. |
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