XI'AN, China, May 13, 2011 /PRNewswire-Asia-FirstCall/ -- Sino Clean Energy Inc. (Nasdaq: SCEI) ("Sino Clean Energy," or the "Company"), a leading producer and distributor of coal-water slurry fuel ("CWSF") in the People's Republic of China ("China"), today announced that the Company signed two new orders for CWSF at its Guangdong production facility in Dongguan city. Management expects to start delivering products for these one-year contracts on May 20, 2011.
Sino Clean Energy's 300,000 metric ton ("MT") CWSF facility commenced production in January 2011. The company expects these two new orders to total 38,400 MT annually:
|
Customer Name |
Projected Annual Sales Volume |
Projected Revenue |
||
|
Xiaoxing Group Zhuhai Co., Ltd. |
24,000 MT |
$ 4.0 million |
||
|
Xing Bao Wang Ying Printing Group (International) Co., Ltd. |
14,400 MT |
$ 2.2 million |
||
|
Total |
38,400 MT |
$ 6.2 million |
||
About Sino Clean Energy
Sino Clean Energy is a U.S. publicly traded company and a China-based producer and distributor of coal-water slurry fuel ("CWSF"). With locations in Shaanxi Province, Liaoning Province, and Guangdong Province, Sino Clean Energy is one of the leading CWSF producers in China. For more information about Sino Clean Energy, please visit http://www.sinocei.net.
Safe Harbor Statement
This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to uncertainties in product demand, the impact of competitive products and pricing, our ability to obtain regulatory approvals, changing economic conditions around the world and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact:
COMPANY
Ming Li
Assistant to the Chairman
+86-139-9138-7497
marin_lm@163.com
INVESTOR RELATIONS:
HC International, Inc.
Ted Haberfield
Executive VP
+1-760-755-2716
thaberfield@hcinternational.net
