TAIYUAN CITY, China, April 5, 2010 -- Longwei Petroleum Investment Holding Ltd. (OTCBB: LPIH; "Longwei" or the "Company") a company that transports, markets and sells finished petroleum products in the People's Republic of China ("PRC") today announced its revised financial guidance for the fiscal years ending June 30, 2010 and June 30, 2011.
Longwei Petroleum Investment Holding Ltd. closed at $2.57 Thursday, trading 224,122 shares.
Longwei Petroleum Announces Revised Fiscal 2010 and 2011 Guidance
About Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding, Limited (the "Company") is an energy company that, through its subsidiaries, engages in oil and gas operations in the People's Republic of China ("PRC"). Oil and gas operations consist of transporting, marketing and selling finished petroleum products. The Company's headquarters and primary facilities are located in Taiyuan City, Shanxi Province ("Shanxi"). The Company's second facility is located in Gujiao, Shanxi. The Company purchases diesel, gasoline, fuel oil and kerosene (the "Products") from various petroleum refineries in the PRC. The Company is 1 of 3 licensed intermediaries in Taiyuan City and the sole licensed intermediary in Gujiao that operates its own large scale storage tanks. The Company has the necessary licenses to operate and sell Products not only in Shanxi but throughout the entire PRC. The Company's storage tanks have the largest storage capacity of any non-government operated entity in Shanxi. The Company seeks to earn profits by selling its Products at competitive prices to large-scale gas stations, coal plants, other power-supply customers and small, independent gas stations. The Company also earns revenue by acting as a purchasing agent for other intermediaries in Shanxi and through the sale of diesel and gasoline at gas stations located at each of the Company's facilities. The sales price and the cost basis of the Company's products are largely dependent on the price of crude oil. The price of crude oil is subject to fluctuation due to a variety of factors, all of which are beyond the Company's control. For further information on Longwei Petroleum Investment Holding Limited, please visit longweipetroleum.com. You may register to receive Longwei Petroleum Investment Holding Limited's future press releases or request to be added to the Company's distribution list by contacting Dave Gentry at info@RedChip.com or 1-800-733-2447, Ext. 104.
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PHOENIX, AZ, April 5, 2010 -- As the latest step in its development, Pacific Blue Energy Corp. (OTCBB: PBEC), a publicly traded developer of renewable energy, today announced that it has hired Bame Public Relations to handle its investor and media relations.
Pacific Blue Energy Corp. closed at $0.97 Thursday, trading 395,204 shares.
Pacific Blue Energy Corp. Hires Corporate PR Agency
About Pacific Blue Energy Corp.
Pacific Blue Energy Corp. (PBEC) is a publicly traded solar energy company that seeks to build and manage large renewable energy projects. PBEC's goal is to maximize shareholder value through select property acquisition, timely renewable energy facility construction and informed management of those projects. Headquartered in Arizona, one of the prime solar energy markets in the United States, PBEC is positioned to take advantage of technological advances that will drive the coming surge in the U.S. solar generated electricity market. For more information is available at PacificBlueEnergyCorp.com
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