Additron
Technologies, Inc. believes oil prices might continue to drop.
Released
on: March 28, 2008, 4:29 pm
Press
Release Author: Additron
Technologies, Inc.
Industry:
Energy
Press
Release Summary: Leaders in the coal-to-fuel industry, believe
crude oil prices will continue to "soften over the next few
quarters" after dropping from a record three months ago.
Press
Release Body: SHANGHAI, R.O.C., March 29, 2008 --
Profit
is "holding up pretty well", Additron
CEO Alexander Chen in a Chinese Network television interview
in Shanghai, China, where he is attending meetings with key CPC
officials. "Despite the subprime crisis, commodity prices,
including oil, have remained strong and that’s how we earn
profits for our shareholders."
Crude
oil fell on concern that an emergency interest rate cut by the Federal
Reserve will not be enough to prevent a global slowdown that will
curb demand for commodities.
Additron
Technologies, Inc., based in China, has been busy signing
lucrative licensing agreements with leaders in the coal-to-fuel
industry.
The
Major Oil companies have tripled profit over the past four years
as oil advanced. The Fed recently cut its benchmark interest rate
by three-quarters of a percentage point, its first emergency reduction
since 2001, to ward off a recession.
Additron
Technologies, Inc. did not expect any "drastic"
adjustments in coal prices soon, Chen said.
Additron
Technologies, Inc. holds a privileged position sitting
atop the coal-to-fuel companies operating in the lucrative Chinese
market.
Additron
is scheduled to announce plans for as many as three new 80,000-barrel-a-day
coal-to-fuel plants in the next four to five years.
For
more information please visit their corporate website.
Web
Site: http://www.additrontech.com
Contact
Details: Additron Technologies Inc.
Shen Xiang Road, Zhu Jia Jiao Town
Qing Pu Area, Postalcode: 201714
Shanghai, R.O.C
General
Inquiries: info@additrontech.com
Investor Relations: investorrelations@additrontech.com
Tel:
+86-21-5129-4510
Fax: +86-21-5129-4513
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