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
SOURCE Sinoenergy Corporation