FUQING CITY, China, April 15 /Xinhua-PRNewswire-FirstCall/ -- China
Clean Energy Inc. (OTC Bulletin Board: CCGY) (''China Clean Energy'', ''the
Company''), a leading producer of biodiesel fuel and
environmentally-friendly specialty chemical products made from renewable
resources in The People's Republic of China (''PRC''), today announced it
has engaged Moore Stephens Wurth Frazer and Torbet, LLP as the Company's
On April 9, 2008, the Company engaged Moore Stephens Wurth Frazer and
Torbet, LLP to serve as the Company's independent auditor effective
immediately. Moore Stephens Wurth Frazer and Torbet, LLP is an
international independent auditing firm serving clients in many industries
and geographic locations, and through its association with Moore Stephens
International Limited in London has an international accounting network
with over 621 offices in more than 95 countries.
The Company's consolidated financial statements for the fiscal year
ended December 31, 2007 were audited by Michael T. Studer CPA P.C. The
audit report prepared by Michael T. Studer CPA P.C. for this period did not
contain any adverse opinion or disclaimer of opinion, nor were they
qualified or modified as to uncertainty, audit scope or accounting
principles. There were no disagreements between China Clean Energy Inc. and
Michael T. Studer CPA P.C.
About China Clean Energy:
China Clean Energy, through its wholly-owned subsidiaries, Fujian
Zhongde Technology Co., Ltd. and Fujian Zhongde Energy Co., Ltd, is engaged
in the development, manufacturing, and distribution of biodiesel fuel and
specialty chemical products made from renewable resources. Since its
inception, the Company has been engaged in the manufacture of high-quality
specialty chemical products from renewable resources. Through its research
and development efforts, the Company developed a proprietary process for
refining biodiesel fuel from waste grease and certain vegetable oils. Using
this proprietary process, China Clean Energy began producing biodiesel in
2005 and commenced selling biodiesel commercially starting in December
For more information, please contact:
China Clean Energy Inc.
Mr. Gary Zhao, CFO
Tel: +86-138-0133-9172 (China)
CCG Elite Investor Relations Inc.
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Mr. Ed Job, CFA
SOURCE China Clean Energy Inc.