BEIJING, Oct. 8 /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 it will undertake a non-deal road show in the United States and ring the closing bell at the NASDAQ in New York.
The non-deal road show will take place from October 10, 2008 to October 16, 2008. SNEN will visit fund managers and securities analysts in Los Angeles, Chicago, Milwaukee, Boston, New York and several other Mid-Atlantic cities.
Mr. Tianzhou Deng, Chairman of Sinoenergy, Mr. Bo Huang, CEO, Mr. Anlin Xiong, Vice President and Board Secretary, and Ms. Lake Deng, Chief Representative of Sinoenergy in its U.S. office, will provide a comprehensive overview of Sinoenergy's operations in 2008 and its business plan for 2009 in presentations and discussions during the non-deal road show.
Mr. Deng and Mr. Huang will ring the closing bell at the NASDAQ MarketSite in New York City's Times Square on Friday, October 17, 2008 at 4:00 pm Eastern to celebrate the Company's listing on the NASDAQ Capital Market.
"Our successful listing on the NASDAQ Capital Market is a significant event in Sinoenergy's development," said Mr. Bo Huang. "We would like to thank our shareholders, employees, the entire management team, and everyone who helped us reach this milestone for their efforts."
"As a NASDAQ listed company, Sinoenergy will continue working diligently on behalf of our shareholders. We are undertaking efforts to improve communications with the investment community through events such as the upcoming non-deal road show in the U.S. We want to increase recognition of the Company in the United States and give investors a better understanding of our business," added Mr. Huang.
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 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
Phone: +86-10-8493-2965 x860
Email: anlinxiong@sinoenergycorporation.com
Web: http://www.sinoenergycorporation.com
CCG Investor Relations, Inc.
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgir.com
