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[June 2007]
Point Acquisition Corporation Announces Name Change
Point Acquisition Corporation (Nevada, USA/Gongyi, China) has announced its official name change to China Minerals Technologies Inc, shortened to CMT. The company also changed its ticker symbol to OTC Bulletin Board: CMIT (from OTC Bulletin Board: PAQN), effective 13 June 2007.
CMT is a mineral based manufacturer whose products include monolithic refractories, ceramics and fracture proppant.
The monolithic refractories serve as heat resistant protective linings in industrial furnaces and other heavy machinery used in the steel, iron, cement, glass and aluminium industries. CMT's ceramic products are heat and erosion resistant which are used to house high voltage switches and fuses and to transfer liquids, solids and gases. Fracture proppant is used in operating oil wells to release trapped oil allowing it to be extracted to the earth's surface.
CMT conducts business through its Chinese based subsidiaries Henan Gengsheng Refractories Co Ltd, Zhengzhou Duesail Fracture Proppant Co Ltd and Henan Gaowen Materials Co Ltd.
ENDS