China Redstone Group, Inc. (CGPI.OB / formerly APBS.OB), a cemetery developer and provider of cemetery products and services in Chongqing, China, recently announced that the company has officially changed its name from Artistry Publications, Inc. effective April 6, 2010. China Redstone Group, Inc. began trading under the new ticker symbol “CGPI” at the open of business on April 7, 2010.
As a leading developer and provider of a complete range of funeral merchandise and services, including well-located, highly sought after cemetery property, China Redstone Group currently has 94 acres of available land for cemetery development, 80 percent of which is still undeveloped. Due to current demographic trends and aging of the China’s population, demand for cemetery products and services in China is expected to grow rapidly. China Redstone Group expects the new corporate name to more effectively market the company and generate recognition among current and potential investors.
Mr. Yiyou Ran, chairman of the board of China Redstone Group, stated, “China Redstone is well positioned to participate as a leader in the growing death care industry, which was cited in 2008 as the third most profitable industry in China by the Ministry of Civil Affairs of the PRC.” Mr. Yiyou Ran continued, “Our new corporate name reinforces our strong position in this industry as we leverage our premium cemetery plots and funeral home services to meet growing market demand resulting in strong future operating and financial performance.”