BEIJING, China, Dec. 15, 2014 /CNW/ - Nevaeh Enterprises Ltd. (the "Company") announces that it has completed its Company name change to Pan Ocean Container Supplies Ltd. (OTCQB: PAOC) effective immediately. This new name signifies another important milestone of the corporate reorganization strategy the Company has been undergoing pursuant to a merger agreement executed between the Company and Pan Ocean Shipping Container Supplies Co Ltd. of China.
Pan Ocean Shipping Container Supplies Co Ltd. is a global leader in the shipping container manufacturing industry and is based in China. The business operation has an invested capitalization of approximately USD $100 million dollars. The land component of the business spans over 47 acres of land, on which situate several factory buildings, container yards and office buildings. The annual production output of the operation is expected to yield 180,000 TEU (120,000 containers).
About Pan Ocean Container Supplies Ltd. (PAOC)
The Company is focused on becoming one of the largest container manufacturing operations in the world. PAOC is aiming to develop and produce newer lightweight containers, cold chain containers, non-standard multi-purpose containers, second generation smart containers and international general containers. The Company's design and production mission statement is "safety, green, smart and lightweight".
Safe Harbor Statement
This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.
SOURCE: Pan Ocean Container Supplies Ltd. (PAOC)
For further information: Investor Relations: Tel: 949-419-6588, Email: [email protected], http://www.chinapanocean.com