TORONTO, Feb. 11 /CNW/ - Liuyang Fireworks Limited (TSX-V: FWK), a leading China-based manufacturer of fireworks, today announced that it has been awarded RMB 1 million, approximately CDN $170,000, by the City of Changsha for becoming the city's first company to be publicly listed in North America. Liuyang began trading on the TSX Venture Exchange on June 29, 2009, following a successful qualifying transaction.
"We are extremely honored that the City of Changsha has celebrated our achievement," said Miao Hu, President and Chief Executive Officer, Liuyang Fireworks. "The award is a recognition of the steps we have taken to become a public company and the commitment we have demonstrated to growing our business through a strategy that combines targeted acquisitions and increased domestic sales."
Changsha is the capital of Hunan province, home of China's fireworks manufacturing industry, and has a population of approximately 6.1 million.
About Liuyang Fireworks Limited
Liuyang Fireworks Limited is a leading China-based manufacturer of fireworks that are distributed domestically and in more than 20 countries in the Americas, Europe, Australia, and Southeast Asia. The Company has more than 15 years experience in the fireworks industry and is a supplier to the world's top five fireworks wholesalers and retailers. Liuyang's ISO9001-certified manufacturing facilities are located in the Liuyang area of Hunan, China where more than half of the world's fireworks are produced.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news 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, it does not undertake to update this information at any particular time except as required in accordance with applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Liuyang Fireworks Limited
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