(OTC: CVVT)

Industry: Nonequity Investment Instruments
On the web: http://www.cvalve.net
Employees: 904

China Valves Technology, Inc., formerly known as Intercontinental Resources, Inc., was incorporated on August 1, 1997, in Nevada as Meximed Industries to develop and produce a non-reusable medical syringe. The Company later abandoned that business. In January 1999, the Company changed its business and name to Digital Video Display Technology Corp. In July 2001 the Company changed its name to Iconet, Inc. in connection with a proposal to build the jukeboxes and sell them back to the licensor of the technology. On December 16, 2007, Intercontinental entered into a Stock Purchase Agreement and Share Exchange Agreement, with China Valve Holding Limited, or China Valve Samoa, a company incorporated under the laws of Samoa on June 6, 2007, and on December 18, 2007, Intercontinental changed its name to China Valves Technology, Inc. The Company through its direct and indirect subsidiaries focuses on the development, manufacture and sale of quality metal values for the electricity, petroleum, chemical, water, gas and metal industries in the People's Republic of China. China Valve produces valves for many different industries. The main product lines consist of: High pressure and high temperature valves for power station units; Valves for long distance petroleum pipelines; Special valves for chemical lines; Large valves for water supply pipe networks; Valves for sewage; and Valves for long distance gas pipelines. China Valve produces over 700 models of valves and more than 10,000 standards of valves in categories such as low, medium and high-pressure valves. The valves are produced with varying diameters from 3mm to 1300mm and with pressure caps that range from 150lbs to 4500lbs. In addition, different valve products can be used in temperatures ranging from -196 degrees Celsius to 610 degrees Celsius. The Company also produces the following types of valves: Gate valves; Globe valves; Check valves; Throttle valves; Butterfly valves; Ball valves; Safety valves; Water pressure test valves; Vacuum valves; and Extraction check valves extra. The Company's raw materials are varieties of steel and casting blank parts and driven devices. The Company's customers are large-scale equipment enterprises in electricity, chemical, oil and water supply industries in China. China Valve markets its products through regional agents. In addition, High Pressure Valve has number of sales agents across China. It has committed itself to research and development of new valves and developing state of the art valves that improve and advance the valve industry. The Company is regulated by the national and local laws of the PRC. In addition, it is also subject to the PRC's foreign currency regulations.