Puda Coal, Inc.

TAIYUAN CITY, CHINA--(MARKET WIRE)--Mar 31, 2006 -- Puda Coal, Inc. ("Puda" or the "Company") (OTC BB:PUDC.OB - News), a leading supplier of China's highest grade metallurgical coking coal -- which is used to make coke for the purposes of steel manufacturing -- announced today record operating results for the year ended December 31, 2005.
Puda reported revenue of $51.7 million for the year ended December 31, 2005, a 162% increase over 2005. In addition, the $51.7 million in revenue is 5% higher than original estimates for the year. The growth in revenue was attributable to increased orders of cleaned coal from both existing and new customers as well as an increase in the per ton sales price of cleaned coal.