XI'AN, China, June 28, 2014 /PRNewswire/ -- China Integrated Energy, Inc. (OTC Pink Limited Information: CBEH) ("China Integrated Energy" or "the Company"), a leading non-state-owned integrated energy company in the People's Republic of China, today announced that the Company received an order from the SEC announcing the commencement of an action to de-register the company. The Company is committed to becoming current with its filings and is thus disappointed that the SEC has commenced this action, which we feel will work only to the detriment of our shareholders. We will continue our efforts to become current and oppose the action.
About China Integrated Energy, Inc.
China Integrated Energy, Inc., is a leading non-state-owned integrated energy company in China engaged in three business segments: the production and sale of biodiesel fuel; the wholesale distribution of finished oil and heavy oil products; and the operation of retail gas stations. The Company produces biodiesel fuel in its plants located in Tongchuan, Shaanxi province, and Chongqing, China. The Company utilizes a distribution network covering several provinces and municipalities, established over the past 13 years, to distribute both heavy oil and finished oil, including gasoline, petro-diesel, and biodiesel. For more information on the Company, please visit http://www.chinaintegratedenergy.com.
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Safe harbor statement
This news release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as "anticipates," "believes," "estimates," "expects," "future," "intends," "plans," "will," and similar terms. China Integrated Energy, Inc., may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 10-K, 10-Q, and 8-K, in its annual report to shareholders, news releases, and other materials. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, risks outlined in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required by law.