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VANCOUVER, Sept. 4 /CNW/ - Hanwei Energy Services Corp. (the "Company")
(TSXV:HE) is pleased to announce that it has appointed Genoa Management
Limited ("Genoa") of Toronto as its investor relations advisor and independent
capital markets counsel. Genoa's mandate will be to focus on developing and
expanding the network of investors, analysts, and financial intermediaries who
are interested in following the Hanwei investment story.
The agreement provides that for a twelve-month period commencing
September 1, 2007, the effective date of the agreement, Genoa will provide the
Company with a full range of investor relations services. The Company will pay
Genoa a base monthly fee of $5,000 plus approved expenses and has granted
Genoa a 36-month option (the "Option") to purchase a total of up to 50,000
common shares of the Company. The options shall have an exercise price of
$4.60 per share vesting quarterly over a 36-month period from the effective
date of the agreement.
"Genoa's appointment as capital markets and investor relations advisors
is part of our commitment to achieving a successful strategy for long-term
growth and to delivering value for the Company and its shareholders," said
Fulai Lang, President and CEO of Hanwei Energy Services Corp. "Genoa has a
strong track record in communicating company success stories to a large and
diverse audience of investors. We look forward to raising our profile with
individual investors and the larger financial community."
About Genoa Management Limited
Established in 1999, Genoa Management Limited provides Canadian listed
companies with independent capital markets counsel as well as financial
communications management and targeted investor outreach support.
About Hanwei Energy Services Corp.
Hanwei Energy Services Corp. provides high value products and services
for the energy sector in China and the Asia region. Hanwei serves its major
energy customers through manufacturing facilities in China, producing products
for the oil, coal power and wind power industries. The Company is focusing on
providing products and services that address the growing need for improved
energy efficiency and environmental protection in China and the Asia region.
THE TSX VENTURE EXCHANGE NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF
THIS NEWS RELEASE.
For further information:
For further information: Kim Oishi, Senior Vice President, Finance and
Business Development, (416) 804-9228, email@example.com; Or Kevin
O'Connor, Genoa Management Limited, Tel: (416) 962-3300, firstname.lastname@example.org