Asia Carbon Industries, Inc. Announces its Appointment of New Chief Financial
NEW YORK, April 29, 2013
NEW YORK, April 29, 2013 /PRNewswire/ -- Asia Carbon Industries, Inc. ("Asia
Carbon", or the "Company") whose shares trade on the U.S. OTC Markets under
the stock symbol "ACRB", today announced its appointment of Ms. Elaine Zhao,
as its new chief financial officer, effective April 16, 2013.
Ms. Zhao brings over 15 years of professional expertise in auditing, financial
and general management through her past experience. In 2005, Ms. Zhao founded
ELZ Accountancy Corp., a Los Angeles based accounting and financial advisory
firm, and she has served as its president since that time. In her work with
ELZ, Ms. Zhao has served clients including privately owned and publicly traded
company in various industries and has worked with banks in financing small
businesses. Ms. Zhao has held Registered Investment Advisor Representative and
Registered General Securities Representative at a national brokerage firm
since October 2002. From July 2007 to June 2010, Ms. Zhao served as chief
financial officer for Biostar Pharmaceuticals, Inc., a public company with its
securities trading on NASDAQ. From October 2000 to October 2005, Ms. Zhao
worked as accountant and auditor at Liang & Company Accountancy Corp. in Los
Angeles. Ms. Zhao currently also serves as chief financial officer for China
Power Equipment, Inc., a public company with its securities trading on OTC
Markets (OTCQB: CPQQ). She holds a Master of Science in Finance from the
Kelley School of Business at Indiana University and is a Certified Public
"We are delighted to have Ms. Zhao join Asia Carbon as our chief financial
officer. We are committed to building our management team," said Ms. Guoyun
Yao, CEO and Chairman of the Company, "I am confident Ms. Zhao will be a great
addition to us." The Company thanked Mr. Xiaolong Zhou, its former CFO's
contribution during his tenure with the Company.
About Asia Carbon Industries, Inc.
Asia Carbon Industries Inc. is an emerging, China-based producer of a series
of high quality carbon black products under the brand name "Great Double
Star." The Company was established in 2003 in Shanxi, China's highest coal
producing province. Asia Carbon is one of the top ten carbon black producers
in the province and has established relationships with a high-profile customer
base. The Company went public in 2010 through a registration statement filed
with the Securities and Exchange Commission (SEC) on Form S-1 which was
declared effective by the SEC on October 26, 2010, and is currently in the
process of expanding its manufacturing capacity to meet the anticipated
The above news release contains forward-looking statements. The statements
contained in this document that are not statements of historical fact,
including but not limited to, statements identified by the use of terms such
as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope,"
"indicate," "intend," "likely," "may," "might," "plan," "potential,"
"project," "seek," "should," "will," "would," and other variations or negative
expressions of these terms, including statements related to expected market
trends and the Company's performance, are all "forward-looking statements" and
involve a number of risks and uncertainties. These statements are based on
assumptions that management believes are reasonable based on currently
available information, and include statements regarding the intent, belief or
current expectations of the Company and its management. Prospective investors
are cautioned that any such forward-looking statements are not guarantees of
future performances, and are subject to a wide range of external factors,
uncertainties, business risks, and other risks identified in filings made by
the company with the SEC. Actual results may differ materially from those
indicated by such forward-looking statements. The Company expressly disclaims
any obligation or undertaking to update or revise any forward-looking
statement contained herein to reflect any change in the company's expectations
with regard thereto or any change in events, conditions or circumstances upon
which any statement is based, except as required by applicable laws,
regulations and rules.
Asia Carbon Industries, Inc.
SOURCE Asia Carbon Industries Inc.
Press spacebar to pause and continue. Press esc to stop.