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China RuiTai's primary operations are conducted through TaiAn RuiTaiCellulose Co., Ltd. (''TaiAn''), a company organized under the laws of the PRCand 99% owned by China RuiTai's wholly-owned subsidiary, Pacific Capital GroupCo., Ltd. TaiAn commenced operations in 1999 and engages in the sale ofdeeply processed chemicals with a primary focus on non-ionic cellulose etherproducts. Cellulose ether is an organic chemical that dissolves in water andother organic solvents; it acts as a thickener and stabilizer in aqueoussolutions, as well an additive in various commercial industries and products.Based on research from the Freedonia Group, the worldwide market for celluloseether products is expected to reach $1.0 billion by 2010.
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The Company sells its products under twelve major product lines marketedunder the brand name ''RuiTai.'' The Company's products are used in variousapplications, such as a stabilizer and thickener in latex paint, in mortar drymix for building materials, to improve the performance of resin in PVCproduction and as a membrane reagent stabilizer and thickener inpharmaceuticals and in other applications in the food and cosmetics industries.In the first half of 2007 the Company generated revenues of $16.6 million andnet income of $2.8 million, up 33% and 65%, respectively from the year agoperiod. China RuiTai has thirty sales offices throughout China. In 2007 theCompany exported approximately 2,400 tons of cellulose ether products toforeign markets in the United States, Europe, India, the Middle East, andSouth East Asia.
''As a prominent supplier to the cellulose ether market in China and theworld, we believe China RuiTai is ideally positioned to take advantage ofstrong demand for cellulose ether products,'' commented Dianmin Ma, ChiefExecutive Officer and Chairman of China RuiTai. ''We intend to expand ourcellulose ether business by building additional capacity, executing anaggressive acquisition strategy and increasing our distribution networkthroughout China and internationally. We look forward to working with CCGElite to increase our visibility with investors and the media.''
''Worldwide demand for cellulose ether products continues to grow due towidespread applications in the personal care, food, construction and oilfieldindustries,'' commented Crocker Coulson, President of CCG Elite. ''We believeChina RuiTai offers an attractive opportunity for investors seeking anestablished leader with strong prospects for growth in domestic andinternational markets.''
About CCG Elite
CCG Elite is a global, full-service investor relations firm, headquarteredin Los Angeles, Calif., with offices in New York City, Newport Beach, Calif.,Dallas, Texas, Hong Kong, Beijing, Shanghai and Tel Aviv. CCG Elite isuniquely positioned to provide outsourced, high-level investor relationssolutions to its clients, combined with an in-depth understanding of Asia'scorporate culture and economic environment, to convey their story to funds andbroker-dealers located in the U.S. For further information, contact CCG Elitedirectly, or visit the Company's Web site at http://www.ccgelite.com .
About China RuiTai International Holdings Co., Ltd.
China Ruitai International Holdings Co., Ltd. (OTC Bulletin Board: CRUI),through its operating subsidiary, is engaged in the production, sales, andexportation of deeply processed chemicals, with a primary focus on non-ioniccellulose ether products. Cellulose ether is an organic chemical that acts asa thickener and dissolves in water and other
