Sino Bioenergy Issues Update to Shareholders
February 15 2013 - 8:00AM
Sino Bioenergy Corp. (OTC Pink:SFBE) (Borse Berlin:3SF) today
released a letter to give current shareholders updates on progress
and company activities.
The Company has recently completed all its filings on the OTC
Alternate Filing System and is now current in its reporting
requirements.
CEO, Daniel Mckinney commented, "This has been a huge
undertaking, getting our filings current and reporting after the
two year restructuring process following our entry into the
bioenergy business. We made this commitment to the shareholders to
get our house in order and become current in our filings and now we
have delivered and the dreaded 'Stop Sign' has been removed from
our trading symbol."
The Company is particularity excited about its recent Huizhou
Biotech acquisition. SFBE purchased a 55% stake in Huizhou Shi
Ji Wu Feng Agricultural Biotechnology Co. Ltd., ("HB") and has
issued 82,500,000 restricted shares to close the US$13,520,000
acquisition. HB has 5,700 Mu (380 hectares) of farmland, and is
focused on research of high quality rice. Production of biomass
feedstock will expand by 400% in 2013 to 20,000 Mu (1334 hectares)
of land producing up to 12,000 tons of biomass feedstock utilizing
its Refuse Derived Fuel, "RDF5" patented technology for fertilizer
and fuel. This acquisition will derive a significant source of
feedstock for refuse derived waste (RDF) products and fuel for the
China market utilizing our valuable patents behind this
technology.
McKinney concluded, "This is a very exciting time for the
company. Our four acquisitions in China are turning out to be
winners for the company. We will start consolidating the cash flows
from all our operating subsidiaries in Q1, 2013. We are looking
forward to these acquisitions producing revenues and profit results
and growing our core businesses."
About Sino Bioenergy Corp.
Established in May 2005, Sino Bioenergy Corp. is a Nevada
Corporation that trades on the OTC Pink (symbol: SFBE) and Bourse
Berlin Exchange (symbol: 3SF). Please see our websites at:
www.sinobioenergy.com Total shares outstanding: 711,915,750 as of
February 13, 2013.
The Sino Bioenergy Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4102
This press release contains forward-looking statements based on
management's expectations and beliefs, and may involve known and
unknown risks and uncertainties and other factors that may cause
the actual results to be materially different from the results
implied herein. Readers are cautioned not to place undue reliance
on the forward-looking statements made in this press release.
CONTACT: Investor Relations:
Dennis Burns
Tel: 567-237-4132
nvestrain@gmail.com
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