MD Holdings Corp (OTCBB: MDHO) Now Guanwei Recycling Corp

MD Holdings Corp. (OTCBB: MDHO) recently announced that it has officially changed the Company's name to Guanwei Recycling Corp. The company has applied for a new stock symbol which it expects will be approved shortly.

Free Hot Penny Stocks, an online financial publication, provides investors timely stock market alerts. Free hot penny stocks profiles stock picks that could generate higher returns than average. These penny stocks include stocks with news, chart breakouts or increased volume.

Sign Up Today for our Penny Stock Newsletter

The Company's new name, reflects recent successful completion of a reverse merger, Guanwei Recycling is China's largest manufacturer of recyclable Low Density Polyethylene  It has generated rapid growth producing LDPE from plastic waste procured in Europe which it recycles into recyclable LDPE for sales to more than 200 manufacturers in more than ten industries in China. "Our focus on being environmentally friendly is good for the environment and good for our business," stated Mr. Chen Min, Chairman and CEO of Guanwei. He explained that by meeting the highest European environmental standards, Guanwei is one of the few plastics manufacturers licensed in China that also has obtained the certificate issued by the German Environment Auditing Association. "Our advantage is that we procure high quality plastic waste directly from Germany and other European countries, with no middlemen, which enhances our bottom line and permits economic production of the highest grades of LDPE." He noted further, "We have a fast growing business that saw sales increase 61% in 2008 to $25.4 million with more demand for our high quality product than we could supply. The financial crisis in the first half of 2009 temporarily lowered demand and prices, but we still achieved a 74% gain in operating income on a sales increase of 149% to $30.4 million. As anticipated, in the second half of the year, prices for LDPE have strengthened and we are entering 2010 with high expectations for continuing strong growth."

Sign Up for Free Hot Penny Stocks’ FREE Penny Stock Newsletter.

About Us

Free Hot Penny Stocks is a financial website and independent electronic publication that provides information and free penny stock alerts on selected publicly traded companies. We also track small cap companies and other stocks that may be positioned to break out. These penny stocks might have news, increased volume or chart breakouts. These penny stocks that are alerted could generate greater than average returns. Feel free to visit our penny stock forum to discuss other penny stock picks or penny stocks that you might own.

Free Hot Penny Stocks is not a registered investment advisor or broker-dealer. Please do your own Due Diligence before investing in any of the stocks mentioned above. To feature a company on our web site please contact us at the email listed below.

Please click here to read the full disclaimer