Andatee China Marine Fuel Services Corporation Announces Pricing of Initial Public Offering

Jan 25, 2010, 21:33 ET from Andatee China Marine Fuel Services Corporation

DALIAN, Liaoning Province, China, Jan. 25 /PRNewswire-Asia/ -- Andatee China Marine Fuel Services Corporation (the "Company") (Nasdaq GM: AMCF), the largest independent operator engaged in the production, storage, distribution, wholesale purchase and sale of blended marine fuel oil for cargo and fishing vessels in Northern China, today announced the pricing of its initial public offering of 3,134,921 shares at a price of $6.30 per share. The Company's common stock is expected to commence trading on January 26, 2010 on the NASDAQ Global Market exchange under the ticker symbol "AMCF." The Company has granted the underwriters a 45-day option to purchase up to an additional 470,238 shares of common stock to cover over-allotments, if any.

Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (Nasdaq: RODM) acted as lead managing underwriter, and Newbridge Securities Corporation acted as co-lead managing underwriter for the offering.

The offering of these securities will be made only by means of a prospectus. A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the final prospectus relating to the offering may be obtained for free by visiting the U.S. Securities and Exchange Commission website at http://www.sec.gov. Alternatively, a copy of the prospectus related to this offering may be obtained from Rodman & Renshaw, LLC, Prospectus Department, 1251 Avenue of the Americas, New York, NY, 10020, telephone: 212-430-1710 or email: info@rodm.com.

About Andatee China Marine Fuel Services Corporation

Andatee China Marine Fuel Services Corporation ("Andatee" or the "Company") is a leading independent operator engaged in the production, storage, distribution, wholesale purchase and sale of blended marine fuel oil for cargo and fishing vessels in Northern China. Andatee is headquartered in the City of Dalian, a key international shipping hub and an international logistics center in Northern China and maintains operations in Liaoning, Shandong and Zhejiang Provinces in the People's Republic of China.

    For more information, please contact:

    Company Contact:
     Mr. Wen Tong
     Chief Financial Officer
     Andatee China Marine Fuel Services Corporation
     Tel:     +86-411-8360-4683
     Email:   bill.wen@andatee.com
     Website: http://www.andatee.com

    Investor Relations Contact:
     Mr. Crocker Coulson
     President
     CCG Investor Relations
     Tel:     +1-646-213-1915 (NY Office)
     Email:   crocker.coulson@ccgir.com
     Website: http://www.ccgirasia.com

SOURCE Andatee China Marine Fuel Services Corporation



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