China Recycling Energy Corp. Schedules First Quarter 2011 Financial Results Conference Call

XI'AN, China, May 15, 2011 /PRNewswire-Asia-FirstCall/ -- China Recycling Energy Corp. (NASDAQ: CREG or 'the Company'), a fast-growing industrial waste-to-energy solutions provider in China, today announced it plans to host its first quarter 2011 financial results conference call on Tuesday, May 17, 2011 at 9:00 a.m. ET.

Investors are invited to participate on the live call by dialing +1 (877) 407-4018 for domestic investors. International investors can dial +1 (201) 689-8471.  For investors that would like to listen to the webcast, please visit log on to http://viavid.net/dce.aspx?sid=00008694 approximately 5 minutes before the start of the call. Please reference event ID: 372770.

A replay of the call will be available for one week following the call starting at 12:00 p.m. ET on May 17, 2011 and ending at 11:59 p.m. ET on May 24, 2011. To listen to the replay, domestic investors can dial +1 (877) 870-5176 and international investors can dial +1 (858) 384-5517.  The pass code for the replay is: 372770.

About China Recycling Energy Corp.

China Recycling Energy Corp. (NASDAQ: CREG or "the Company") is based in Xi'an, China and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China. Byproducts include heat, steam, pressure, and exhaust to generate large amounts of lower-cost electricity and reduce the need for outside electrical sources. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1% of total energy consumption and this renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs as the Chinese economy continues to expand. The management and engineering teams have over 20 years of experience in industrial energy recovery in China.

For more information about CREG, please visit http://www.creg-cn.com.

Safe Harbor Statement

This press release may contain certain 'forward-looking statements' relating to the business of China Recycling Energy Corp. and its subsidiary companies. All statements, other than statements of historical fact included herein are 'forward-looking statements.' These forward-looking statements are often identified by the use of forward-looking terminology such as 'believes,' 'expects' or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. 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 the Securities and Exchange Commission and available on the SEC's website at http://www.sec.gov. 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:

In China:
Mr. Leo Wu
Investor Relations
China Recycling Energy Corp.
Email: [email protected]

In USA:
Mr. Howard Gostfrand
American Capital Ventures, Inc.
Email: [email protected]

SOURCE China Recycling Energy Corp.