omniture

RINO Comments on Muddy Waters Allegations

2010-11-11 18:46 1634

Company to provide detailed response upon completion of internal review

Company will announce financial results for the third quarter 2010 on November 15 as scheduled


DALIAN, China, Nov. 11, 2010 /PRNewswire-Asia-FirstCall/ -- RINO International Corporation (the "Company" or "RINO") (Nasdaq: RINO), a leading provider of clean technology solutions to China's iron and steel industry, commented today on the allegations against the Company made by Muddy Waters, LLC ("Muddy Waters") concerning RINO's business practices.

RINO takes its responsibilities to investors very seriously and has launched an internal review of Muddy Waters' allegations. RINO looks forward to providing investors with a timely and detailed response to the allegations upon completion of its internal review.

RINO is scheduled to report its unaudited financial results for the third quarter ended September 30, 2010, after the U.S. market closes on November 15, 2010. RINO's management will hold an earnings conference call at 7 PM on November 16, 2010 U.S. Eastern Time (8 AM on November 17, 2010 Beijing/Hong Kong time), at which time management will comment on the allegations to the extent possible based on the progress of internal review but will not hold a question and answer session.

Dial-in details for the earnings conference call are as follows:

US:

+1-866-831-6224


International:                

+1-617-213-8853


Hong Kong:

+852-3002-1672





Passcode:

16635766




A replay of the conference call may be accessed by phone at the following number until November 23, 2010:

US:

+1-888-286-8010


International:                

+1-617-801-6888





Passcode:

78966921




Additionally, a live and archived webcast of this conference call will be available at http://ir.stockpr.com/rinointernational/.

About RINO International Corporation

RINO International Corporation is a leading provider of clean technology solutions to China's iron and steel industry. RINO designs, manufactures, installs and services an extensive suite of products and solutions, including its patented wastewater treatment, flue gas desulphurization, high temperature anti-oxidation and sludge treatment systems, to a large customer base with the aim to reduce industrial pollution and improve energy utilization in China. With strong research and development capabilities, RINO currently has eight Chinese listed patents, three invention or utility model patents related to wastewater treatment, one utility model patent for its desulfurization system and one utility model patent for its waste incineration system. The Company also has invention patents for its anti-oxidation technology listed both in China and internationally under the Patent Cooperation Treaty. Seven patents are under application as of November 2010. For additional investor information, please visit http://ir.stockpr.com/rinointernational/.

CONTACT




In China:




Mr. Ben Wang


Chief Financial Officer


RINO International Corporation


Tel:    +86-411-8766-1828


Email:  benwang@rinogroup.com




Ms. Cynthia He


Brunswick Group LLP


Tel:    +86-10-6566-9504


Email:  rino@brunswickgroup.com




In the U.S.:




Ms. Cindy Zheng


Brunswick Group LLP


Tel:    +1-212-333-3810


Email:  rino@brunswickgroup.com



Source: RINO International Corporation
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