SOURCE: Asia Carbon Industries, Inc.

Asia Carbon Industries, Inc.

February 14, 2011 11:45 ET

Asia Carbon Industries, Inc. Secures DTC Eligibility For Its Common Stock

NEW YORK, NY--(Marketwire - February 14, 2011) - Asia Carbon Industries, Inc. ("Asia Carbon") today announced that the Company's common stock (OTCBB: ACRB) has been granted eligibility status by the Depository Trust Company (DTC).

The Depository Trust Company is a member of the U.S. Federal Reserve System and a registered clearing agency with the Securities and Exchange Commission. It was established to provide a safe and efficient way for buyers and sellers of securities to execute and settle transactions.

Essentially, DTC provides for the centralized custody of securities so that they exist only as electronic files rather than as physical certificates. This process provides banks, brokerage firms and other institutions with an efficient means of moving securities and settling trades electronically.

Yao Guoyun, Chairman of the Board of the Company, stated, "Becoming DTC eligible is a major milestone for the Company and an important step in increasing our exposure in the investment community. Securities that are not DTC eligible are often not accepted for trading at many institutions due to the amount of paperwork and manpower required to place and execute trades, thus making it very difficult for a stock to being traded on a daily basis." 

Ms Yao continued, "Becoming DTC eligible resolves these issues and is a crucial step in increasing our exposure and attracting new investors to our company."

About Asia Carbon Industries, Inc.
Asia Carbon Industries Inc. ("ACI" or the "Company") is an emerging, China-based producer of a series of high quality carbon black products under the brand name "Great Double Star." The Company was established in 2003 in Shanxi, China's highest coal producing province. ACI is one of the top ten carbon black producers in the province and has established relationships with a high-profile customer base. The Company is in the process of expanding its manufacturing capacity to meet the anticipated demand.

This release shall not constitute an offer to sell or the solicitation of an offer to buy. There shall be no sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

Contact Information

  • Company contact:
    Mark Lubchenco

    Asia Carbon Industries, Inc.
    Phone +1-646-328-1502