May 7, 2010-- China GengSheng Minerals, Inc. , a leading China-based high-tech industrial materials manufacturer producing heat resistant, energy efficient materials for a variety of industrial applications, today announced that it has retained The Piacente Group (TPG) to support the Company's increased investor relations efforts.
"We have achieved solid growth over the last several quarters and believe that the time is right to increase our communication among the investment community," said Mr. Shunqing Zhang, Chairman and Chief Executive Officer of China GengSheng Minerals. "Given their sterling reputation, expert team and proven track record of success in supporting the communications efforts of China-based companies, we believe TPG is an ideal partner as we work raise our visibility and maximize shareholder value."
Brandi Piacente, President of TPG added, "China GengSheng is an established leader in a changing industry. The Company has a compelling growth story fueled by new products and technological advancements in the steel, oil and solar markets. We are excited to be working with China GengSheng, and look forward to partnering with the Company's executive team to develop and implement a proactive strategic communications and investor relations program."
About China GengSheng Minerals, Inc.
China GengSheng Minerals, Inc. ("GengSheng") develops, manufactures and markets a broad range of high-tech industrial material products, including monolithic refractories, industrial ceramics and fracture proppants. A market leader offering customized solutions, GengSheng sells its products primarily to the iron-and-steel industry as heat-resistant components for steel-making furnaces, industrial kilns and other high-temperature vessels to guarantee and improve the productivity of those expensive pieces of equipment while reducing their consumption of energy. Founded in 1986 and based in China's Henan province, GengSheng currently has over 200 customers in the iron, steel, oil, glass, cement, aluminum and chemical businesses located in China and other countries. GengSheng conducts business through GengSheng International Corporation, a British Virgin Islands company, and its Chinese subsidiaries, which are Henan GengSheng Refractories Co., Ltd., Zhengzhou Duesail Fracture Proppant Co., Ltd., Henan GengSheng Micronized Powder Materials Co., Ltd, Guizhou SouthEast Prefecture. GengSheng New Materials Co., Ltd, and Henan GengSheng High Temperature Materials Co., Ltd.
About The Piacente Group, Inc.
The Piacente Group, Inc. ("TPG") is a full service investor relations and financial communications consulting firm with offices in New York, California and Beijing. TPG represents a balanced portfolio of U.S. and China-based companies including the top two programs nominated for the "Best Investor Relations by a US-Listed Chinese Company" award by IR Magazine for 2008: Sohu.com Inc. and Suntech Power Holdings Co., Ltd. TPG develops and implements strategic programs aimed at broadening investment community sponsorship through best practice execution. The firm is dedicated to providing clients customized solutions in a dynamic investment environment.
