China Natural Gas to Present at the Roth Capital Partners New York Conference.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 it will present at the Roth Capital Partners Roth Capital Partners, LLC, is a full service Investment Banking firm, specializing in the small and micro cap markets. Roth’s focus, according to its official website, "has been, is, and will continue to be providing the full spectrum of investment banking services, 2006 New York Conference. The conference is being held September 6-7, 2006 at the Westin Times Square Hotel in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Chairman and Chief Executive Officer Charles Qinan Ji, and Chief Financial Officer Xiaogang Zhu will present at Thursday, September 7, 2006 at 12:00 p.m. Eastern Time. In early August, China Natural Gas announced record second quarter revenues of $3.7 million, up 245% year-over-year and net income of $927,269 (fully diluted EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. of $0.04), up 139% year-over-year. The Company also recently signed a 5 year natural gas supply contract with Zhengzhou Zhongyou Oil & Gas Co., Ltd., a subsidiary of Sinochem, to expand their operations into Henan, China's Most Populous Province. A live webcast of the audio presentation will be available along with accompanying presentation slides. Interested parties may tune in to the live presentation by visiting: http://www.wsw.com/webcast/roth8/chng.ob/. 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 approximately 8 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) 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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