SOURCE: Songzai International Holding Group, Inc.

April 12, 2006 09:47 ET

Songzai International Holding Group, Inc. Reports Record Annual Revenue of $3.17 Million and Operating Income of $1.02 Million

WALNUT, CA and HARBIN, CHINA -- (MARKET WIRE) -- April 12, 2006 -- Songzai International Holding Group, Inc. (Songzai) (OTC BB: SGZI), a company that develops coal mining opportunities in China for industrial and home use markets, announces today record operating results for the year ended December 31, 2005.

Songzai reported revenue of $3.17 million for the year ended December 31, 2005, a 387% increase over 2005. The growth in revenue was attributable to increased production and increased demand for coal nationwide in China as well as an increase in the per ton sales price of steam coal.

Songzai also reported operating income for the year of $1,020,091, a 369% increase from 2004.

The company reported net income of $725,550 in the year ended December 31, 2005, compared to net loss of $320,240 in 2004.

Basic and diluted net income per share for 2005 were: $0.011 and $0.007, respectively.

Songzai sold over 129,000 tons of coal in 2005, a 215% increase over 2004. The dramatic year-on-year increase in the number of tons of coal produced is consistent with the company's strategic decision of reaching its authorized capacity by governmental permit of 150,000 tons and maximum design capacity of 200,000 tons. Songzai is planning to put in place driving belts and up to four diesel trailers in 2006 in an effort to further increase production and operational efficiency.

About Songzai International Holding Group, Inc.

Based in Harbin, China and Walnut, California, Songzai focuses on the development of coal mining projects in Northern China and Inner Mongolia. The company is currently producing coal from its TongGong Coal Mine located near Heihe City in Northern China. The mine's coal, with estimated in-place resources of over 3 million tons and proved and probable reserves totaling more than 1.5 million tons, is being targeted for buyers within the power plant, cement factory, and home-use markets. China is the world's largest producer and largest coal consumer.

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Songzai International Holding Group, Inc. has little or no control.

Songzai International Holding Group, Inc.
Hong Jun Li
Songzai International Holding Group, Incorporation

Contact Information