PINGDINGSHAN, HENAN PROVINCE, China -- SinoCoking Coal and Coke Chemical Industries, Inc. (NASDAQ: SCOK) (the 鈥淐ompany鈥?or 鈥淪inoCoking鈥? announced today that it received approval from NASDAQ to list its shares on the NASDAQ Capital Market. SinoCoking鈥檚 common stock will continue to trade under the symbol 鈥淪COK鈥? and trading on the NASDAQ Capital Market is expected to commence on February 18, 2010.
About SinoCoking
tag heuer replicaSinoCoking Coal and Coke Chemical Industries, Inc. (NASDAQ: SCOK) is a vertically-integrated coal and coke processor that uses coal from both its own mines and that of third-party mines to produce basic and value-added coal products for steel manufacturers, power generators, and various industrial users. SinoCoking currently holds mining rights for approximately 2.5 million tons of coal from mines located in the Henan Province in central China. SinoCoking has been producing metallurgical coke since 2002, and acts as a key supplier to regional steel producers in central China. SinoCoking, a Florida corporation, owns its assets and conducts its operations through its subsidiaries, Top Favour Limited, a British Virgin Islands holding company, Pingdingshan Hongyuan Energy Science and Technology Development Co., Ltd. (鈥淗ongyuan鈥?, Henan Province Pingdingshan Hongli Coal & Coke Co., Ltd. (鈥淗ongli鈥?, Baofeng Coking Factory, Baofeng Hongchang Coal Co., Ltd. and Baofeng Hongguang Environment Protection Electricity Generating Co., Ltd.
For further information about SinoCoking, please refer to the Definitive Proxy Statement of the Company (previously named Ableauctions.com, Inc.) filed on Schedule 14A with the Securities and Exchange Commission on November 27, 2009.
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases 鈥渨ould be,鈥?鈥渨ill allow,鈥?鈥渋ntends to,鈥?鈥渕ay result,鈥?鈥渁re expected to,鈥? 鈥渨ill continue,鈥?鈥渁nticipates,鈥?鈥渆xpects,鈥?鈥渆stimate,鈥?鈥減roject,鈥? 鈥渋ndicate,鈥?鈥渃ould,鈥?鈥減otentially,鈥?鈥渟hould,鈥?鈥渂elieve,鈥?鈥渢hink鈥? 鈥渃onsiders鈥?or similar expressions are intended to identify 鈥渇orward-looking statements.鈥?These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and fake rolex Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our
embroidered patches employees, our ability to obtain financing,
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