BEIJING, Oct. 20 /Xinhua-PRNewswire-FirstCall/ -- Sinoenergy Corporation (Nasdaq: SNEN) ("Sinoenergy" or the "Company"), a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment and a designer, developer and operator of retail CNG filling stations in the People's Republic of China, today announced that the Company's management rang the closing bell at the Nasdaq MarketSite on Friday, October 17, 2008 to celebrate the Company's listing on The Nasdaq Capital Market.
"Ringing the closing bell at Nasdaq was an important milestone for us. It was a tribute to the hard work of our employees, our loyal and growing customer base, and our ongoing efforts to expand our presence in the field of alternative energy while creating long-term shareholder value," said Mr. Bo Huang, CEO of Sinoenergy Corporation. "The Nasdaq is an internationally renowned stock exchange. Having our shares listed on the Nasdaq has raised our company's profile in the investment community and expanded our investor base. Over time, we hope to realize increased liquidity and a market valuation of our shares that better reflects the true value of our company. It was a pleasure and an honor to ring the closing bell."
About Sinoenergy
Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment as well as a developer and operator of retail CNG stations in the People's Republic of China. In addition to its CNG related products, the Company manufactures a wide variety of pressure containers for use in different industries, including the design and manufacture of various types of pressure containers used in the petroleum and chemical industries, the metallurgy and electricity generation industries, and the food and brewery industries.
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, future changes in the wholesale and retail price for CNG for vehicles in China; changes in policy by the national, provincial and municipal government of the PRC regarding CNG prices, the CNG vehicle industry, the construction and operation of retail CNG filling stations and related issues; the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and the marketability of its products; 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 companies 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.
For more information, please contact:
Sinoenergy Corporation
Mr. Anlin Xiong
Secretary & Vice President
Tel: +86-10-8493-2965 Ext 860
E-mail: anlinxiong@sinoenergycorporation.com
Web: http://www.sinoenergycorporation.com
CCG Investor Relations, Inc.
Mr. Crocker Coulson
President
Tel: +1-646-213-1915 (New York)
E-mail: crocker.coulson@ccgir.com
Web: http://www.ccgir.com
