NF Energy Saving Corporation Delivers US$640,000 Energy-Efficient Flow Control System to Dahuofang Water Supply Project Western
November 25 2009 - 8:30AM
PR Newswire (US)
-- US GAAP revenue of US$640,000 to be recognized in Q4 2009
SHENYANG, China, Nov. 25 /PRNewswire-Asia/ -- NF Energy Saving
Corporation (OTC Bulletin Board: NFEC; "NF Energy"), a Chinese
leader in energy efficient flow control systems, today announced
the Company has delivered 147 sets of valves to Dahuofang Water
Supply Project Western Water Plant. US GAAP revenue of US$640,000
is to be recognized in Q4 2009. Dahuofang Water Supply Project is
an important project in Liaoning province. It will effectively
solve the water supply problems in seven cities of central Liaoning
province, including Shenyang, Fushun, Liaoyang, An'shan, Haicheng,
Yingkou and Dalian. The project, started in 2008, is divided into
two phases. Western Water Plant is part of the Phase I project
located in Shenyang city. Mr. Li Gang, Chairman and CEO of NF
Energy, commented, "We are pleased to participate in this important
water supply project in Liaoning province. We will continually
supply our high-quality energy-efficient flow control system to
this project." 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. The current revenues are
primarily from its energy saving flow control products.
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 Tel: +1-305-918-7000 Email: Web:
http://www.amcapventures.com/ DATASOURCE: NF Energy Saving
Corporation CONTACT: Howard Gostfrand of American Capital Ventures,
+1-305-918-7000, Web site: http://www.nfenergy.com/
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