SOURCE: Sino Clean Energy

April 28, 2009 08:00 ET

Sino Clean Energy Announces Government Approval of RMB 5 Million Grant

XI'AN, CHINA--(Marketwire - April 28, 2009) - Sino Clean Energy, Inc. (OTCBB: SCLX) ("Sino Clean Energy," the "Company"), a producer and distributor of coal-water mixture ("CWM") in the People's Republic of China ("PRC"), announced that the Shaanxi Province Environmental Protection Agency has approved a grant to the Company as part of the Agency efforts to promote green technologies. The grant amount is RMB 5 million, which the Company expects to receive sometime in May.

"We are gratified by the Agency's decision," stated Mr. Baowen Ren, Chairman and Chief Executive Officer of Sino Clean Energy. "More important to us than the amount of the grant is the provincial-level recognition of our business and the CWM technology represented by the grant itself. We are hopeful that this will encourage wider awareness and adoption of CWM throughout the province."

About Sino Clean Energy

Sino Clean Energy is a U.S. publicly traded company and a China-based producer and distributor of coal-water mixture ("CWM"). Based in Shaanxi Province, Sino Clean Energy is the largest CWM producer in Northwestern China. For more information about Sino Clean Energy, please visit http://www.sinocei.net.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to uncertainties in product demand, the impact of competitive products and pricing, our ability to obtain regulatory approvals, changing economic conditions around the world, release and sales of new products and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Contact:

    Capital Group Communications, Inc.
    Investor Relations
    (415) 332-7200
    (415) 332-7201
    Website: http://www.capitalgc.com

    Sino Clean Energy Inc.
    Ming Lee
    Assistant to the Chairman
    +86-29-84067376