China Runji Cement Inc. Appoints
New Independent Auditor Wednesday June 11, 8:00 am ET
ANHUI, China, June 11, 2008
(PRIME NEWSWIRE) -- China Runji Cement
Inc. (OTC BB:CRJI.OB - News) (``Runji''
or ``the Company''), a leading producer
and distributor of cement in Anhui Province,
PRC today announced it has retained Malone
& Bailey, PC as the Company's independent
auditor.
On May 30, 2008, the Company engaged Malone
& Bailey, PC as its independent registered
public accounting firm and the independent
registered public accounting firm of Anhui
Runji, China Runji Cement's operating
subsidiary. Founded in 1996, one of Malone
& Bailey, PC's fastest growing areas
of expertise is SEC auditing for small
to mid-sized public firms.
Prior to retaining Malone & Bailey,
PC, Kempisty & Company had been the
independent registered public accounting
firm for and audited the balance sheet
of Anhui Province Runji and the related
statements of operations and retained
earnings and cash flows for each of the
years in the two year period ended August
31, 2007. In addition, Kempisty &
Company reviewed management's prepared
consolidated financial statements for
the Registrant for the quarters ended
November 30, 2007 and February 29, 2008.
The reports of Kempisty & Company
on the audited financial statements for
the past two fiscal years contained no
adverse opinion or disclaimer of opinion,
and were not qualified or modified as
to uncertainty, audit scope or accounting
principles.
``We are pleased to welcome Malone &
Bailey, PC as our new independent auditor,''
commented Mr. Shouren Zhao, the chairman
and CEO of Runji Cement. ``We intend to
work closely with the accounting firm
in order to insure accurate and consistent
financial information continues to be
disseminated to the investor community.''
About China Runji Cement, Inc.
China Runji Cement (``Runji or the Company'')
is one of the leading players in cement
production and distribution in Anhui Province,
China. The Company's certified manufacturing
facilities contain cutting-edge technology
and advanced equipment that are capable
of producing one million tons of cement
annually. Runji's main products are PII52.5
cement and PO42.5, PO32.5 and PC32.5 silicate
cement sold under the ``Runji'' brand.
The Company's solid client base and customer-orientated
services have allowed Runji to dominate
the local cement market. For more information
on the Company and its products, please
visit http://www.chinarunji.com/index.asp.
Safe Harbor Statement
This press release contains certain statements
that may include ``forward looking statement''
as defined in the Private Securities Litigation
Reform Act of 1995. These forward looking
statements are often identified by the
use of forward-looking terminology such
as ``believes, expects, anticipate, optimistic,
intend, will'' or similar expressions.
Such forward looking statements involve
known and unknown risks and uncertainties
that may cause actual results to be materially
different from those described herein
as anticipated, believed, estimated or
expected. Investors should not place undue
reliance on these forward-looking statements,
which speak only as of the date of this
press release. The Company's actual results
could differ materially from those anticipated
in these forward-looking statements as
a result of a variety of factors, including
those discussed in the Company's periodic
reports that are filed with and available
from the Securities and Exchange Commission.
All forward-looking statements attributable
to the Company or persons acting on its
behalf are expressly qualified in their
entirety by these factors. Other than
as required under the securities laws,
the Company does not assume a duty to
update these forward-looking statements.
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