Changda International Holdings, Inc. (OTC Bulletin Board: CIHD) ("Changda” or the "Company”), which controls and operates Weifang Changda Chemical Industry Co., Ltd. ("Changda Chemical”) and Weifang Changda Fertilizer Co., Ltd. in Weifang, People's Republic of China ("China”), today announced that the Company will effect a one-for-three reverse split of the Company's common stock and trade on the Over the Counter Bulletin Board under the new ticker symbol "CIHD.OB” effective at the open of the market on November 18, 2009, so that every three shares of common stock before the reverse stock split shall represent one share of common stock after the reverse stock split. As a result of the reverse split, the Company will have approximately 18,869,720 shares of common stock issued and outstanding.
About Changda International Holdings, Inc.
Changda International Holdings, Inc., through its wholly owned subsidiaries, Weifang Changda Chemical Industry Co., Ltd. and Weifang Changda Fertilizer Co., Ltd., produces compound fertilizers and snow melting agents in China. Changda is one of the leading compound fertilizer producers in Shandong Province, China, and is led by an experienced management team committed to diversifying the Company's product offering and delivering tailored services to its customers. For more information, please visit http://www.changdaint.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the availability of funds and working capital to finance its activities; the actions and initiatives of current and potential competitors; the Company's ability to introduce new products; market acceptance of new products; general economic and business conditions; the ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Contacts:
Changda International Holdings, Inc.
Jan Pannemann, + 1 86
158-631-11662
Executive Vice President, Strategic Planning &
External Relations
or
http://www.changdaint.com
