SOURCE: China Shuangji Cement, Ltd.

China Shuangji Cement, Ltd.

March 03, 2010 07:00 ET

Harbinger Research Initiates Coverage on China Shuangji Cement, Ltd. With Buy Rating

ZHAOYUAN CITY, CHINA--(Marketwire - March 3, 2010) - China Shuangji Cement, Ltd. (OTCBB: CSGJ) ("China Shuangji" or the "Company"), a leading producer of high-quality Portland cement in Shandong and Hainan Provinces in the People's Republic of China (PRC), today announced that Harbinger Research, LLC, an independent equity research firm, will provide research coverage on the Company. 

"We are very optimistic about the future of our company and the cement industry in China, which is underpinned by solid fundamentals and the largest stimulus package the world has ever seen," said Mr. Wenji Song, Chairman and President of China Shuangji Cement, Ltd. "We believe that right now is the best time to help Wall Street truly understand the exceptional value that our business represents as we enter into a period of rapid growth and expansion driven by substantial demand for our product for many years."

Brian R. Connell, CFA, a Harbinger Research Senior Analyst, stated that, "China Shuangji Cement, Ltd. is presently undervalued compared to comparable companies and should benefit from China's future growth for many years to come. We have given the company a 'Buy' rating and anticipate that the shares could appreciate about 100% to $1.10 in the next 12 months."

Harbinger Research has initiated coverage on a number of U.S.-listed Chinese companies, including Universal Travel Group, China Advanced Construction Materials Group, Inc., NF Energy Saving Corporation, and China Energy Recovery, Inc. To view Harbinger Research's coverage initiation on China Shuangji, rated by Brian R. Connell, CFA, please click on the following link: http://www.harbingerresearch.com/link/13/248/CSGJ

About China Shuangji Cement, Ltd.

China Shuangji Cement, Ltd. (OTCBB: CSGJ), through its affiliates and controlled entities, is a leading producer of high-quality Portland cement in Shandong and Hainan Provinces. Its processed cement products are primarily purchased by contractors for the construction of buildings, roads, and other infrastructure projects. The Company currently produces approximately 1,500,000 tons of Portland cement annually from 2 facilities in Hainan and 1 facility in Shandong (3 total) and it expects its output will increase by 1,000,000 tons to a total of 2,500,000 tons when the new Zhaoyuan (Shandong province) plant and upgrades are completed. http://www.shuangjicement.com

About Harbinger Research, LLC

Harbinger Research is an independent equity research firm that employs a research team consisting entirely of CFA charter holders and follows a number of companies across a wide variety of industries. Harbinger Research makes all of its reports available through its website at www.harbingerresearch.com and also distributes content through InvestorsInsight Publishing and through most major financial portals.

Cautionary Statement under the Private Securities Litigation Reform Act:

The information contained herein includes forward-looking statements. These statements relate to future events or to our future anticipated financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of new product development and market conditions. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We do not intend to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act. In addition, please refer to the Risk Factor section of our 2008 Form 10-K filed with the Securities and Exchange Commission on May 13, 2009 and detailed in other reports filed with the Securities and Exchange Commission from time to time.

Harbinger Research, LLC received US $15,000 from a third party in return for report authoring and distribution services.

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