SOURCE: New Oriental Energy & Chemical Corp.

May 15, 2007 08:00 ET

New Oriental Energy & Chemical Corporation Approved for Listing on Nasdaq Capital Market

NEW YORK, NY -- (MARKET WIRE) -- May 15, 2007 -- New Oriental Energy & Chemical Corp. (OTCBB: NOEC), a specialty chemical and emerging alternative fuel manufacturer in The People's Republic of China (PRC), announced today that its common shares have been approved for listing on the Nasdaq Capital Market ("Nasdaq"). The stock will begin trading on Nasdaq at the open on Wednesday, May 16, 2007, and will retain the ticker symbol NOEC.

"We are very pleased that our Company has met the financial, liquidity and corporate governance requirements required for listing on Nasdaq," commented Chen Siquang, Chief Executive Officer of New Oriental Energy and Chemical Corporation. "We believe this listing will drive further institutional interest and shareholder diversification while enhancing our credibility with current investors as we continue to grow the company."

About New Oriental Energy & Chemical Corp.

New Oriental Energy & Chemical Corp. is an emerging alternative fuel and specialty chemical manufacturer based in Henan Province, China. The Company is focused on the production of Dimethyl ether (DME), methanol and fertilizer products, and the Company expects to begin production of bio-diesel within the next year. The Company sells its products primarily through a network of distribution partners.

Safe Harbor Statement:

This press release contains forward-looking statements concerning Sports Source, Inc. and New Oriental Energy. The actual results may differ materially depending on a number of risk factors including, but not limited to, the following: general economic and business conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology or product techniques, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. New Oriental Energy & Chemical Corp. undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Contact Information

  • Contact:
    New Oriental Energy & Chemical Corp.
    Mr. Wang Gui Quan
    Xicheng Industrial Zone of Luoshan, Xinyang
    Henan Province, The People's Republic of China
    Tel: (011-86) 376-2169211
    Fax: (011-86) 376-6818152

    For Investors:
    Bob Agriogianis
    Focus Asia Partners
    Ph: (973) 245 8099
    Cell: (973) 216-6949
    Fax: (973) 966-6252