BEIJING, July 23 /Xinhua-PRNewswire-FirstCall/ -- Sinoenergy
Corporation (OTC Bulletin Board: SINE) ("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 its
application to list its common stock on The Nasdaq Capital Market was
approved on July 22, 2008.
Sinoenergy has decided to start trading its common stock on The Nasdaq
Capital Market under the symbol SNEN as of July 28, 2008, which is subject
to final confirmation from Nasdaq soon.
"We are extremely pleased to receive approval to list our common stock
on The Nasdaq Capital Market," said Mr. Bo Huang, CEO of Sinoenergy.
"Having our common stock listed on the Nasdaq is an important part of our
goal of raising our profile as we help develop the importance of CNG as an
alternative source of energy in China. We believe that listing on the
Nasdaq will increase our presence in the investment community, and that
Sinoenergy has passed another milestone in its ongoing commitment to
enhancing shareholder value."
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 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, Vice President
Tel: +86-10-8493-2965 x860
Email: anlinxiong@sinoenergycorporation.com
Web: http://www.sinoenergycorporation.com
CCG Investor Relations Inc.
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgir.com
SOURCE Sinoenergy Corporation
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Related links:
http://www.sinoenergycorporation.com
http://www.ccgir.com
CONTACT:
Sinoenergy Corporation, Mr. Anlin Xiong, Vice
President, +86-10- 8493-2965 x860, or
anlinxiong@sinoenergycorporation.com; or CCG Investor Relations
Inc., Mr. Crocker Coulson, President, +1-646-213-1915 (New York),
crocker.coulson@ccgir.com
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