NEW YORK, May 6 /PRNewswire-FirstCall/ -- Gushan Environmental Energy
Limited ("Gushan"; NYSE: GU) announces that it will submit its unaudited first
quarter 2008 financial results on Form 6-K to the U.S. Securities and Exchange
Commission on Tuesday, May 13, 2008, to be followed by a conference call on
the same day at 8:30 a.m. Eastern Daylight Time (or 8:30 p.m. Hong Kong Time)
to discuss Gushan's first quarter financial results for the three months ended
March 31, 2008.
A replay of the call will be available on the same day at 10:30 a.m.
Eastern Daylight Time (or 10.30 p.m. Hong Kong Time) until May 20, 2008. To
listen to the replay, please use the dial in details below:
About Gushan Environmental Energy Limited
Gushan Environmental Energy is China's largest producer of biodiesel, as
measured by annual production capacity. The company produces biodiesel, a
renewable, clean-burning and biodegradable fuel, primarily from vegetable oil
offal and used cooking oil, and by-products from biodiesel production,
including glycerine, plant asphalt, erucic acid and erucic amide. Gushan sells
biodiesel directly to users, such as marine vessel operators, as well as to
petroleum wholesalers and individual retail gas stations. The company
currently operates four production facilities in Sichuan, Hebei, Fujian
provinces and Beijing with a combined annual production capacity of 240,000
tons, or approximately 72 million gallons. The company targets to increase its
annual production capacity to 400,000 tons, or approximately 120 million
gallons, by the end of 2008 with the expansion or addition of new production
facilities in Beijing, Shanghai, Hunan and Chongqing.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by words such as
"will," "may," "expect," "anticipate," "aim," "target," "intend," "plan,"
"believe," "estimate," "potential," "continue," and other similar statements.
Statements other than statements of historical facts in this announcement are
forward-looking statements, including but not limited to, our expectations
regarding the expansion of our production capacities, our future business
development, and our beliefs regarding our production output. These
forward-looking statements involve known and unknown risks and uncertainties
and are based on current expectations, assumptions, estimates and projections
about Gushan and the industry. Important risks and uncertainties that could
cause Gushan's actual results to be materially different from expectations
include but are not limited to the effect of intensifying competition in the
biodiesel and alternative energy industries, the availability of suitable raw
materials to Gushan, and the risks set forth in Gushan's filings with the U.S.
Securities and Exchange Commission, including on Form F-1, as amended. Gushan
undertakes no obligation to update forward-looking statements, except as may
be required by law. Although Gushan 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.
SOURCE Gushan Environmental Energy Limited
