April 29, 2011
Company Chairman Elected to Be Vice President of the National Association
Lanxi County, China /PRNewswire-Asia/ -- China Linen Textile Industry, Ltd. (OTC Bulletin Board: CTXFD) ("China Linen" or the "Company"), one of China's pure linen yarn and fabric producers and exporters , today announced that the Company received a National Excellent Enterprise Award at the annual meeting of the China Linen Industry Association held in March in Changsha, Hunan province. Mr. Gao Ren, Chairman and CEO of China Linen, was elected Vice President of the China Linen Textile Association at the meeting.
The China Linen Textile Association is a national organization representing linen product manufacturers with over 200 members. Its annual meeting is primarily attended by leading linen manufacturers, state and local government officials and university professionals. The National Excellent Enterprise Award bestowed at the annual meeting was in honor of China Linen's growing influence in the sector, innovative use of technology and strong domestic and international reputation.
"I am very pleased with the National Excellent Enterprise Award bestowed upon China Linen by the China Linen Textile Association and I am honored to accept the position of Vice President of the Association," commented Mr. Gao Ren, Chairman and CEO of China Linen. "By accepting this award, our Company renews its commitment to high quality products and to promoting the sustainable development of China's linen industry. I am grateful to the Association for recognizing my leadership within the linen industry and for recognizing China Linen as a leading producer and exporter of linen products in China," concluded Mr. Gao.
About China Linen Textile Industry, Ltd.
China Linen Textile Industry, Ltd. (www.chinalinentextile.com ) is principally engaged in the production and sale of linen yarn and various types of linen fabric. The Company is also involved in consultation and R&D related to linen technology and linen products. The Company carries on all of its business activities through its subsidiary, Heilongjiang Lanxi Sunrise Linen Textile Industry Co., Ltd. ("Lanxi Sunrise"), established in June 2002 and located in Lanxi County, the "Homeland of Flax in China," near Harbin City in China. Lanxi Sunrise has one yarn-spinning factory, one bleaching factory and two fabric weaving factories in its 35,120 square meters of building area with a staff of 1,400 and 430 sets of world-class, advanced production machinery. Annual production capacity totals approximately 2,220 tons with 50 different types of yarn and 10 million meters of fabric with 110 types. Approximately 50 percent of its products are exported to more than 10 countries.
Forward-looking statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.
SOURCE China Linen Textile Industry, Ltd.
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