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China Runji Cement Inc. Appoints New
Independent Auditor
June 12, 2008
China Runji Cement Inc. (OTCBB:CRJI) ("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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