SKIPPACK, Pa., Oct. 6, 2011 /PRNewswire/ -- GeoInvesting is aware that Sino Clean Energy issued a press release indicating that they have served a lawsuit against GeoInvesting. GeoInvesting would like to assure investors that we will defend ourselves vigorously against this meritless suit and will also pursue all available legal options against Sino Clean Energy. For example, we intend to turn over any and all relevant evidence to U.S. authorities prior to any deposition of Chairman Ren here in the United States. Unfortunately, Chinese CEOs have thus far often avoided accountability for their actions, given that they are Chinese citizens who may conveniently choose to remain in China rather than coming to the U.S. to face potential legal action. While costly litigation is never a desired outcome to an investigation, GeoInvesting is prepared to meet this burden and plans to use it to help provide the accountability that U.S. investors deserve.
Dan David, Vice President
Web site: http://www.geoinvesting.com