China GengSheng Minerals Awarded $2.1 Million Contract

Aug. 24, 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, announced that it has secured a $2.1 million contract for its fracture proppant products with AMSAT International, a cutting edge technology company based in Orlando, Florida, specializing in advanced ceramics. Product shipments under this contact are expected to commence during the third quarter of 2010 and continue through the end of the year.
Mr. Shunqing Zhang, China GengSheng's Chairman and Chief Executive Officer stated, "The demand for these type of products are becoming increasingly international which truly speaks to our array of diverse mineral and product mixes. While refractories still represent the majority of our business, this contract award speaks to the quality of our fracture proppant products that are increasingly gaining awareness as an international product in its niche market."