NF Energy Announces Shelf Registration Statement for Potential Future Financing

SHENYANG, China, March 2, 2011 /PRNewswire-Asia/ -- NF Energy Saving Corporation (Nasdaq: NFEC) ("NF Energy" or the "Company"), a leading energy saving services provider for China's power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries, today announced that it has filed a universal shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission ("SEC") for potential future financing.

"We do not have any immediate plans to offer or sell our securities under the registration statement," said Mr. Gang Li, Chairman and Chief Executive Officer of NF Energy. "However, the Board of Directors agreed that having a shelf registration in place was valuable for financial flexibility, given the opportunities for potentially high return capital projects that may be presented to us, including capacity expansion, development of low-carbon technologies and co-investments in energy-saving projects."

The shelf registration statement, when declared effective by the SEC, would give NFEC the ability to offer and sell up to $6,000,000 of its securities consisting of common stock, preferred stock, warrants, units or a combination thereof. The terms of any offering under the shelf registration statement would be established at the time of such offering and will be described in a prospectus supplement filed with the SEC prior to completion of any offering.

The registration statement relating to the securities described above has been filed with the SEC but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities nor shall there be any sale of the 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.

A copy of the registration statement (including the prospectus contained in the registration statement) may be obtained on the SEC's website at www.sec.gov. In addition, NFEC will file a prospectus supplement with the SEC in connection with any offering made under the shelf registration statement. Information on NFEC's website is not a part of the registration statement, the prospectus or any prospectus supplement which may be issued under the registration statement unless such information is specifically identified as being a part of the registration statement, the prospectus or a prospectus supplement.

About NF Energy Saving Corporation

NF Energy Saving Corporation (NASDAQ: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. The Company's customers are mainly concentrated in the electrical generation (large-scale thermal power generation, hydroelectric power, wind power, and nuclear power), water supply, and heat supply industries. The majority of revenues are from energy efficient flow control equipment and energy efficiency projects. For more information, visit http://www.nfenergy.com

SOURCE NF Energy Saving Corporation