Tue 26 Jan 2010 09:31

Andatee China to ring NASDAQ bell


Company Chairman and CEO to ring NASDAQ stock market opening bell later today.



The Chairman and Chief Executive of fuel supply firm Andatee China Marine Fuel Services (ACMF) are due to ring the NASDAQ stock market opening bell when the US stock market opens later today.

Fengbin An, ACMF Chairman and Chief Executive Officer, will visit the NASDAQ MarketSite in New York City's Times Square and will preside over the opening bell, which is scheduled to take place at 9.15-9.30 am.

Webcast:

A live webcast of the NASDAQ opening bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asx

Photos:

A hi-resolution photograph of the market open will be made available at http://www.nasdaq.com/reference/marketsite_events.stm Photo postings and a video of the bell ceremony can also be seen at the following facebook address:

http://www.facebook.com/pages/NASDAQ-OMX/108167527653

Andatee China is offering 2,500,000 shares of its common stock as American Depositary Shares (ADSs). ADSs are U.S. dollar-denominated equity shares of a foreign-based company available for purchase on an American stock exchange.

The initial public offering price for the shares have been estimated at between $6.00 and $8.00 per share. Andatee China will be listed under the symbol "AMCF".

Andatee China Marine Fuel Services Corp. is engaged in the production storage and distribution of blended marine fuel. The company's operating business Dalian Xingyuan Marine Bunker Company Ltd. supplies mainly 180-centistoke (cst) and 120-cst product to small and medium-sized fishing vessels and cargo ships in the provinces of Liaoning, Shandong and Zhejiang.

Dalian Xingyuan was founded in 2001 and currently operates three bunkering tankers and one specialized oil supply wharf.

According to Dalian Xingyuan, the company supplies over 250,000 tonnes per year in Dalian to customers such as Dalian Shipping Ring Group and Sinopec.

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