XI'AN, China, April 28, 2011 /PRNewswire-Asia-FirstCall/ -- Sino Clean Energy Inc. (Nasdaq: SCEI) ("Sino Clean Energy," or the "Company"), a leading producer and distributor of coal-water slurry fuel ("CWSF") in the People's Republic of China ("China"), today announced that the Company has been made aware that a report containing certain allegations regarding the Company and its operations was published on a subscriber-only website on April 26, 2011. The Company plans to issue a shareholder letter, which will be made available on the Company's website, addressing and responding to each of the allegations made in such report.
"We are in the process of finalizing our formal response and will be issuing a shareholder letter with supporting documents," stated Baowen Ren, Chairman of Sino Clean Energy. "I would like to state that the report contains false and misleading statements about our Company. The Company believes that this letter will provide further transparency to its shareholders and other interested investors along with a better understanding of its operations."
The letter will be available at the "Investors Relations" section of Sino Clean Energy's website, www.sinocei.net/. The Company will notify shareholders when the forthcoming letter has been posted via a press release.
About Sino Clean Energy
Sino Clean Energy is a U.S. publicly traded company and a China-based producer and distributor of coal-water slurry fuel ("CWSF"). With locations in Shanxi Province and Liaoning Province, Sino Clean Energy is one of the leading CWSF producers in China. For more information about Sino Clean Energy, please visit http://www.sinocei.net.
Safe Harbor Statement
This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to uncertainties in product demand, the impact of competitive products and pricing, our ability to obtain regulatory approvals, changing economic conditions around the world and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Sino Clean Energy Inc.