Client News

Orient Paper Inc. Announces Third Quarter 2009 Results

-- Revenue increases 67% year-over-year to $30.5 million

-- Net income rose 107% to $4.8 million
BAODING, Hebei, China, Nov. 16 /PRNewswire-Asia-FirstCall/ -- Orient Paper, Inc. (OTC Bulletin Board: ORPN) ("Orient Paper" or the "Company"), which controls and operates Hebei Baoding Orient Paper Milling Co., Ltd. ("HBOP"), a leading manufacturer and distributor of diversified paper products in Hebei, China, today announced financial results for the third quarter ended September 30, 2009.

Third Quarter 2009 Highlights

TAIYUAN, China, Nov. 12, 2009 -- Puda Coal, Inc. (NYSE Amex: PUDA), a supplier of high grade metallurgical coking coal used to produce coke for steel manufacturing in China, today provided an update on its plans to consolidate eight coal mines.

On September 28, 2009, the Shanxi provincial government appointed a subsidiary of Puda Coal, Shanxi Puda Coal Group Co., Ltd. ("Shanxi Coal") as a consolidator of eight coal mines in Yucheng City, Pinglu County. Shanxi Coal has the government's permission to consolidate eight coal mines into five.

TAIYUAN, China, Nov. 13, 2009 -- Puda Coal, Inc. (NYSE Amex: PUDA) ("Puda Coal" or the "Company"), a supplier of high grade metallurgical coking coal used to make coke for steel manufacturing in China, today announced its financial results for the quarter ended September 30, 2009.

Third Quarter 2009 Highlights

• Net revenue was $56.1 million, down 24.2% from $74.1 million in the comparable period of 2008 and up 16.9% from $48.0 million in the second quarter of 2009

HUIZHOU, China, Nov. 19, 2009 -- Qiao Xing Universal Telephone, Inc. (Nasdaq: XING; the "Company") announced today that the Company has updated its investor relations website ( http://www.cosun-xing.com ) to reflect its diversified business and its strategy of becoming a pure resources company.

Nov. 30, 2009 -- HUIZHOU, China, Nov. 30 /PRNewswire-Asia-FirstCall/ - Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) (the "Company" or "XING"), an emerging Chinese resources company headquartered in Huizhou, Guangdong Province, China today announced that the Company has sold the 4% Senior Convertible Notes due 2011 (the "Notes") of its subsidiary Qiao Xing Mobile Communication Co., Ltd (NYSE: QXM) (the "Subsidiary"), which it owns, back to the Subsidiary.

Nov. 19, 2009 --
Qiao Xing Universal Telephone, Inc. Updates its Investor Relations Website

PR Newswire

HUIZHOU, China, Nov. 19

HUIZHOU, China, Nov. 19 /PRNewswire-Asia-FirstCall/ -- Qiao Xing Universal Telephone, Inc. (Nasdaq: XING; the "Company") announced today that the Company has updated its investor relations website ( http://www.cosun-xing.com ) to reflect its diversified business and its strategy of becoming a pure resources company.

HUIZHOU, China, Dec. 2, 2009 -- Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) ("the Company" or "XING"), an emerging Chinese resources company headquartered in Huizhou, Guangdong Province, today announced that it has entered into an agreement dated November 30, 2009 (the "Agreement") to sell its indoor phone and lower-end mobile phone business subsidiary Qiao Xing Communication Holdings Limited ("QXCH") to Dragon Fu Investment Limited ("DFIL").

SHENZHEN, China, Nov. 16, 2009 -- Universal Travel Group (NYSE: UTA) ("Universal Travel Group" or the "Company"), a growing travel services provider in China offering package tours, air ticketing, and hotel reservation services online and via customer service representatives, today announced financial results for the third quarter ended September 30, 2009.

Third Quarter 2009 Highlights

• Revenue increased 48.6% year-over-year to $29.8 million
• Gross profit increased 40.5% year-over-year to $10.0 million

China, Nov. 17, 2009 -- WSP Holdings Limited (NYSE: WH) ("WSP Holdings" or the "Company"), a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction ("Oil Country Tubular Goods" or "OCTG"), and other pipes and connectors, today announced that the Company will host a conference call at 9:00 a.m. Eastern Time on Tuesday, November 24, 2009 to discuss its unaudited financial results for the third quarter of 2009.

Conference Call

China, Nov. 24, 2009 -- WSP Holdings Limited (NYSE: WH) ("WSP Holdings" or the "Company"), a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction ("Oil Country Tubular Goods" or "OCTG"), and other pipes and connectors, today announced its unaudited financial results for the third quarter ended September 30, 2009.

Third Quarter 2009 Highlights