China Natural Gas to Announce Record Second Quarter 2006; Financial Results during First Week of August; The Company Will Host First Earnings Call to Discuss Quarterly Results.NEW YORK -- China Natural Gas, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CHNG CHNG Change , website: www.naturalgaschina.com) the first China-based natural gas public company traded in the U.S. capital market, today announced that the Company expects to report financial results for the quarter ended June 30, 2006 during the first week of August. In addition, the Company's management team will be hosting their first conference call. 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. Qinan Ji commented, "After a successful two-week road show in New York, Connecticut, Boston, San Francisco, and LA, management had the opportunity to present our company to existing and potential institutional investors. In an effort to establish effective communications with our shareholders, China Natural Gas will begin holding quarterly conference calls to discuss the company's financial results and address investor questions. We plan to report record second quarter financials results in early August." An investor presentation filed SEC 8K is also available on our website. About China Natural Gas, Inc. China Natural Gas, Inc., ("CHNG"), a Delaware company, is the first China based US public natural gas services provider that owns and operates a 120 kilometer long compressed natural gas Compressed Natural Gas (CNG) is a substitute for gasoline (petrol) or diesel fuel. It is considered to be an environmentally "clean" alternative to those fuels. It is made by compressing natural gas (which is mainly composed by methane (CH4 pipeline in China's Xi'An area, a fast growing Chinese city supported by a population of 7 million and is the "gateway" to the broad Western regions of China. CHNG has three profitable business segments: end user delivery of natural gas services to residential, commercial and industrial customers; wholesale natural gas to retail natural gas filling stations; and retail natural gas at company-owned natural gas filling stations. The city of Xi'An has approximately 20,000 Taxis, 3,000 buses and 2,000 special purpose vehicles that are powered by compressed natural gas. Approximately 8.6% of the company's shares are owned by Bodisen Biotech, Inc. (AMEX AMEX See: American Stock Exchange : BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. ) Safe Harbor Statement This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of 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. These statements are based on the current expectations or beliefs of China Natural Gas, Inc. management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. |
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