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TXNM TXNM Energy Inc

40.64
0.22 (0.54%)
09 Aug 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
TXNM Energy Inc NYSE:TXNM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.22 0.54% 40.64 40.75 39.70 40.51 408,983 22:30:00

Tianxin Mining Industry Co., Ltd, a Chinese Company, Announces Listing on the Pink Sheets

01/10/2007 3:31pm

PR Newswire (US)


TXNM Energy (NYSE:TXNM)
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CARSON CITY, Nev., Oct. 1 /PRNewswire-FirstCall/ -- Tianxin Mining Industry Co., Ltd (Pink Sheets: TXNM), a comprehensive mining group enterprise engaged in multiple sectors including mining, concentrating, sintering and grinding, announced today that it is now listed on the Pink Sheets under the symbol TXNM. In June 2007, Tianxin Mining merged with bioengineering firm Yizhong (YZBG.pk) and renamed the Company to Tianxin Mining (USA) Inc. following a 100:1 reverse stock split of the common shares. Headquartered in Tianjin, China, Tianxin Mining plays a leading role in the development of mining resources in the North China Plain. The Company currently operates two concentrating mills, which produce refined ferrous powder used for granulation in iron and steel works. 2007 revenues are expected to come in at over $12M US with a total Company workforce of 300 people. Tianxin's project ore mines cover an area of over 733,370 square meters and account for an annual output of 500,000 tons. Continual global expansion in several major industrial segments has created a huge strain on resource reserves of iron, copper, silver, and molybdenum, opening up numerous opportunities for the Company. Tianxin Mining's future outlook is one of progress and innovation. "By adhering to deepening reform, advancing scientifically and expanding market presence, Tianxin is able to further its goal of "first-class enterprise, first-class mine," said Liu Jia Zhen, CEO of Tianxin Mining. "The Company looks to provide high quality products, reasonable prices and considerate services for its customers both domestic and abroad. In addition to mining activities, Tianxin carries out environment greening, land reclaiming and pollution control, which lead to distinct economic and social benefits. SAFE HARBOR: Certain statements in this news release may contain "forward looking" information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. Investor Relations Contact: Mark Feld Falcon Financial Partners, LLC Tel: 866-210-4671 Company Contact: Michel XU Director Tianxin Mining (USA) Inc Tel: 514-578-0585 E-Mail: DATASOURCE: Tianxin Mining Industry Co., Ltd CONTACT: Michel XU, Director of Tianxin Mining Inc, +1-514-578-0585, ; or Investor Relations, Mark Feld, of Falcon Financial Partners, LLC, 1-866-210-4671, for Tianxin Mining Industry Co., Ltd Web Site: http://www.txnmotc.com/

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