Additional US$ 2.9 Million Contract to be Signed Upon Phase One Completion

SHENYANG, China, Oct. 6 /PRNewswire-Asia/ -- NF Energy Saving Corporation (OTC Bulletin Board: NFEC; "NF Energy"), a Chinese leader in energy efficient flow control systems, today announced it has been selected to provide a US $700,000 energy-efficient flow control system for a Russian Hydro Power Plant.

Upon successful completion of the project, the company is expected to sign an additional contract with the Russian Hydro Power Plant to supply additional energy-efficient flow control systems with a total contract value of US $2.9 million.

Mr. Li Gang, Chairman and CEO of NF Energy, commented, "We are very pleased to expand our presence into Russia and provide our energy-efficient flow control systems to this very large and well recognized Hydro Power Plant. The commitment to expand our contract upon successful completion of the first phase is further evidence of the cost effectiveness and quality of our systems."

About NF Energy Saving Corporation

Website: http://www.nfenergy.com

NF Energy Saving Corporation (OTCBB: NFEC) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. Headquartered in Shenyang city of China, the Company currently has 220 employees and several proprietary energy saving technologies and patents.

Safe Harbor Statement

This press release contains certain statements that may include 'forward- looking statements' as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects, anticipate, optimistic, intend, will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:
    Howard Gostfrand
    American Capital Ventures
    305.918.7000
    info@amcapventures.com
    www.amcapventures.com

SOURCE NF Energy Saving Corporation

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