We believe that we remain on track to complete three significant acquisitions by year end, Dadi Gas, Fuzhou Zhongran and Lean Longran. These firms can add tremendously to our business prospects, since they are all players in under-penetrated, fast-growing small- and medium-sized cities. The efforts of the Company's management are very much focused on closing the acquisitions and positioning China New Energy to execute on its business plan once the deals are concluded. We anticipate that the acquisitions will bring about substantial synergies, including guaranteed and steady supply of gas from upstream suppliers; better pricing for gas, related products and other purchases; lower transportation costs; lower operating expenses; and flexible mobilization and placement of professional and technical staff. In addition, we expect the acquisitions to improve our cash flow and overall financial position, creating great opportunities for revenue, profit growth, and an increase in shareholder value.
We have announced three acquisitions -- Dadi Gas, Fuzhou Zhongran, and Lean Zhongran -- that we expect to close later this year. We expect these acquisitions, combined with the continued growth in the existing markets we serve, to help further drive our ability to capitalize on the growing market for natural gas in China. We are excited about our business going forward and look forward to executing on our strategy through the balance of 2010 and beyond.
"We are optimistic about our business and believe that with the acquisitions we made in 2009 and those that we have announced in 2010, China New Energy is well positioned to capitalize on the continued rising demand for natural gas consumption in China."