HONG KONG February 14, 2013 (GLOBE NEWSWIRE) -- 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 it’s 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.”
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 expect to 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 14, 2013.
Forward Looking Statements
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.
Dennis Burns
Tel: 567-237-4132
[email protected]