BEIJING, July 22, 2014 /PRNewswire/ —Recon Technology (NASDAQ: RCON), a leading independent oilfield services provider operating primarily in China, today announced that it has strengthened its communication team with the addition of two bilingual staffers with American educational backgrounds who will report to Ms. Jia Liu, Recon’s CFO. The Company also has brought on board a new U.S. IR agency.
Ms. Tianyu (Ivy) Xia, who has joined the Company as Investor Relations Manager, recently earned an M.S. in Investor Relations from Fordham University in New York, and holds a B.S. in Accounting from the John Cook School of Business at Saint Louis University, and is a member in the U.S. of the National Investor Relations Institute (NIRI). Additionally, Ms. Lulu Chen, who has a background in operations management, and earned a Bachelor’s Degree at the University of North Texas, has joined Recon as Board Secretary.
Recently, the Company also appointed DGI Investor Relations in New York as its IR agency. The firm is led by Mr. Ken Donenfeld, who has assisted large and small companies throughout Europe, Asia and North America for more than 30 years.
Aiming to Reach Out to Investors
Mr. Shenping Yin, Chairman of the Company, commented, “We believe Recon has an excellent ‘story’ for investors who share our belief in the outstanding long term growth potential of China’s oil and gas industry where we are continuing to build our leadership position. Entering the new fiscal year with our expanded communications team and an experienced New York-based consultant, we believe the timing is right to reach out to investors to create a better understanding of our Company.”
Recon Technology, Ltd. is China’s first independent oil and gas field service company listed on NASDAQ (RCON). Recon has achieved rapid growth supplying China’s largest oil and gas exploration companies, including Sinopec and China National Petroleum Corporation, with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measures closely working with leading global partners such as Baker Hughes. The solutions Recon provides are aimed at increasing gas and petroleum extraction levels, reducing impurities and lowering production costs. For additional information, please visit www.recon.cn.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission.
All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Recon Technology, Ltd.
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