TORTOLA, British Virgin Islands -- China Ceramics Co., Ltd. (鈥?3hina Ceramics鈥?or the 鈥?3ompany鈥? announced today that the Gaoan City Administration for Industry and Commence has transferred to the Company the registration and business license for the previously initiated acquisition of a new production facility in Gaoan, China (the 鈥?7aoan Facility鈥?. China Ceramics made a final cash payment of RMB39mm to a group of investors (the 鈥?9nvestors鈥? on January 20, 2010. The Gaoan Facility is now 100% owned by China Ceramics and has started manufacturing finished products.
China Ceramics also announced today that it has signed agreements with three new exclusive distributors in Hainan province, Zhejiang province and Anhui province that will begin distributing the Company's products in January 2010. Including its three newly signed distributors, China Ceramics has a network of 35 exclusive distributors. China Ceramics continues to negotiate distribution agreements with additional distributors and large real estate developers in order to increase the Company鈥?3 penetration of the PRC market. fake rolex
ABOUT CHINA CERAMICS CO. LTD.
China Ceramics is a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings. China Ceramics produces five different types of ceramics tiles, sold under the 鈥?8D鈥?or 鈥?8engda鈥?brand. The company鈥?3 products are available in over two thousand styles, colors and sizes combinations and are distributed through a network of exclusive distributors or directly to large property developers. China Ceramics securities are quoted on the OTCBB Breitling Replica Watches under the symbols 鈥?3CLTF鈥? 鈥?3CLWF鈥? and 鈥?3CCLUF鈥?
FORWARD-LOOKING STATEMENTS
This press release includes 鈥?6orward-looking statements鈥?within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as 鈥?5xpect,鈥? 鈥?5stimate,鈥?鈥?0roject,鈥?鈥?2udget,鈥?鈥?6orecast,鈥?鈥?1nticipate,鈥?鈥?9ntend,鈥? 鈥?0lan,鈥?鈥?day,鈥?鈥?7ill,鈥?鈥?3ould,鈥?鈥?3hould,鈥?鈥?2elieves,鈥?鈥?0redicts,鈥? 鈥?0otential,鈥?鈥?3ontinue,鈥?and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: future operating or financial results; future growth expectations; the impact of inflation generally as well as on the rising costs of materials; specific economic conditions in China generally or in the markets in which China Ceramics operates; changes in laws and regulations; potential liability from future litigation; the diversion of management time on acquisition and integration related issues; modifications or adjustments to the financial statements of China Ceramics as a result of applicable securities laws; and general economic conditions such as inflation or recession. Actual results may differ materially from those contained in the forward-looking statements in this communication and documents filed with the SEC. China Ceramics Zenith Replica Watches undertak
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