China New Energy Grp CO (CNER)

China New Energy Group Co was incorporated on March 28, 2008 in the state of Delaware USA, under the name of Travel Hunt Holdings, Inc. On May 27, 2008, Travel Hunt changed its name to China New Energy Group Company. It is a vertically integrated natural gas company engaged in the development of natural gas distribution networks, and the distribution of natural gas to residential, and industrial and commercial customers in small and medium sized cities in China. Its main business activities include development and construction of local gas distribution networks, transportation of natural gas from suppliers to its storage facilities in a given operational location, and operating and maintaining the gas distribution networks. The Company currently owns the exclusive rights to develop distribution networks to provide natural gas to industrial, commercial and domestic consumers in the cities of Dashiqiao, Nandaihe, Zhanhua and Wuyuan. Currently, these distribution networks provide natural gas to an aggregate of approximately 64,000 consumers in these cities. It has three types of customers: residential customers, industrial customers and commercial customers. Its marketing plan includes informing the public of the advantages of using natural gas and stressing that natural gas is a clean and efficient source of energy.