VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 08/08/12 — Hanwei Energy Services Corp. (TSX: HE) (“Hanwei” or the “Company”), today reported its financial results for the three months ending June 30, 2012. All amounts are in Canadian Dollars unless otherwise noted.
Hanwei is pleased to announce continued and very positive advancements in its operating results for the first quarter of Fiscal 2013 (the three months ending June 30, 2012). These results continue the positive trend from the Company–s enhanced operating performance and financial results from Fiscal 2012 (for the year ended March 31, 2012). Specific financial highlights for the three months ending June 30, 2012 include:
Hanwei will host a conference call to discuss its operational and financial results for the three months ended June 30, 2012. Graham Kwan, Executive Vice President and Rick Huang, Chief Financial Officer of Hanwei will host the call. Management invites analysts and investors to participate on the conference call:
About Hanwei Energy Services Corp.
Hanwei Energy Services Corp. is a world leader in the manufacturing of high pressure, fiberglass reinforced plastic (“FRP”) pipe products, and associated technologies and services, for the international oil and gas and infrastructure industries. Hanwei serves major energy customers in the Chinese and global energy markets.
FORWARD-LOOKING INFORMATION AND NON-GAAP MEASURES
Certain information in this press release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions a description of which is set out in the risk factors section of the Company–s Annual Information Form dated June 20, 2012 and Management Discussion and Analysis for the year ended March 31, 2012 both of which are filed with Canadian securities regulators and available on SEDAR at . The forward-looking information in this press release describes the Company–s expectations as of the date of this press release.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE PRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, THE COMPANY DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, EXCEPT AS REQUIRED BY APPLICABLE SECURITIES LEGISLATION.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Hanwei Energy Services Corp.
Graham Kwan
Executive Vice President, Strategic Development and
Corporate Affairs
604-685-2239
Hanwei Energy Services Corp.
Yucai (Rick) Huang
Chief Financial Officer
604-685-2239