FUQING CITY, China, May 11 /Xinhua-PRNewswire/ -- China Clean Energy Inc.
(OTC Bulletin Board: CCGY) ("China Clean Energy", the "Company"), a leading
producer of biodiesel fuel and environmentally friendly specialty chemical
products made from renewable resources in The People's Republic of China
("PRC"), today announced that it will conduct a conference call at 9:00 a.m.
Eastern Time on Wednesday, May 16, 2007 to discuss the first quarter 2007
results.
Joining Mr. Tai-ming Ou, Chairman and Chief Executive Officer of China
Clean Energy, will be Mr. Ri-wen Xue, Chief Operating Officer, and Mr. Gary
Zhao, Chief Financial Officer. The Company plans to make an earnings
announcement prior to the call.
To participate in the live conference call, please dial the following
number five to ten minutes prior to the scheduled conference call time: 888-
481-7939. International callers should dial 617-847-8707. When prompted by the
operator, mention Conference Passcode 22089726.
If you are unable to participate in the call at this time, a replay will
be available for seven days starting on Wednesday, May 16 at 11:00 a.m.
Eastern Time. To access the replay, dial 888-286-8010 and enter the passcode
21134752. International callers should dial 617-801-6888 and enter the same
passcode 21134752.
About China Clean Energy:
China Clean Energy, through its wholly-owned subsidiary, Fujian Zhongde
Technology Co., Ltd, is engaged in the development, manufacturing, and
distribution of biodiesel fuel and specialty chemical products made from
renewable resources. Since its inception, the Company has been engaged in the
manufacture of high-quality specialty chemical products from renewable
resources. Through its research and development efforts, the Company
developed a proprietary process for refining biodiesel fuel from waste grease
and certain vegetable oils. Using this proprietary process, the China Clean
Energy began producing biodiesel in 2005 and commenced selling biodiesel
commercially starting in December 2005. For additional information please
visit the Company's website at http://www.chinacleanenergyinc.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical fact in this
announcement are forward-looking statements, including but not limited to, the
Company's ability to raise additional capital to finance the Company's
activities; the effectiveness, profitability, and the marketability of its
products; legal and regulatory risks associated with the share exchange; the
future trading of the common stock of the Company; the ability of the Company
to operate as a public company; the period of time for which its current
liquidity will enable the Company to fund its operations; the Company's
ability to protect its proprietary information; general economic and business
conditions; the volatility of the Company's operating results and financial
condition; the Company's ability to attract or retain qualified senior
management personnel and research and development staff; and other risks
detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions, estimates
and projections about the Company and the industry. The Company undertakes no
obligation to update forward-looking statements to reflect subsequent
occurring events or circumstances, or to changes in its expectations, except
as may be required by law. Although the Company believes that the expectations
expressed in these forward looking statements are reasonable, they cannot
assure you that their expectations will turn out to be correct, and investors
are cautioned that actual results may differ materially from the anticipated
results.
Contact:
China Clean Energy Inc. CCG Elite Investor Relations Inc.
Mr. Gary G. Zhao, CFO Mr. Crocker Coulson, President
Phone: +86-138-0133-9172 (China) Phone: +1-646-213-1915 (New York)
Email: gary.zhao@chinacleanenergyinc.com Email: crocker.coulson@ccgir.com
Mr. Ed Job, CFA
Phone: +1-646-213-1914 (New York)
Email: ed.job@ccgir.com
