Tianxin Mining Industry Co., Ltd., Announces Profitable 2007 Financial Results; Launching Investor Relations Campaign
31 Gennaio 2008 - 11:00AM
PR Newswire (US)
TIANJIN, China, Jan. 31 /PRNewswire-FirstCall/ -- Tianxin Mining
Industry Co., Ltd. (Pink Sheets: TXNM), one of the prominent mining
companies in China, today announced that its net income for the
calendar year 2007 totaled $2.407 (U.S.) million dollars. This
compares to a loss of ($19,161) in 2006. Tianxin Mining, employing
more than 300 people, with two mines in Hebei Province in the
Northern China Plain, mines and sells refined ferrous powder which
is a key ingredient in the manufacture of iron and steel, for which
there is a large demand in China. Revenues in 2007 totaled $9.612
million compared to revenues of $252,073 in 2006. The bulk of the
revenues occurred in the last three months of 2007 following a
period of construction earlier in the year. "We are very pleased to
announce these results," said Lin Jia Zhen, President. The Company
is forwarding the financial results to PinkSheets.com for
consideration as a Pink Sheet company that provides full financial
disclosure. It listed on the Pink Sheets in the U.S. late in 2007
to take advantage of increased investor interest in China's
significant industrial growth. Tianxin Mining also announced the
launch of its web site ((http://www.txnmotc.com/) for
English-speaking investors and that it has retained E & E
Communications (http://www.eandecommunications.com/, Laguna Hills,
California) to assist its investor and public relations efforts in
the U.S. and elsewhere. Forward-Looking Statements All statements,
other than statements of fact, included in this release, may
include forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will
be actual results and future events could differ materially from
those anticipated in such statements. The Company disclaims any
obligation to update any statements in this press release. CONTACT:
Tianxin Mining USA Inc. 514/578-0585 Investor Relations Paul
Knopick E & E Communications (949) 707-5365 DATASOURCE: Tianxin
Mining Industry Co., Ltd. CONTACT: Tianxin Mining USA Inc.,
+1-514-578-0585, ; or Investors, Paul Knopick of E & E
Communications, +1-949-707-5365, , for Tianxin Mining Industry Co.,
Ltd. Web site: http://www.txnmotc.com/
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