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China Bio Energy Holding Co, Ltd to Present at the ROTH China Discovery Tour

Posted on: Wednesday, 21 May 2008, 09:01 CDT

XI'AN, China, May 21 /Xinhua-PRNewswire-FirstCall/ -- China Bio Energy Holding Co, Ltd (BULLETIN BOARD: CBEH) , an energy company engaged in the wholesale distribution and processing of heavy oil and finished oil products and the development, production and distribution of bio-diesel fuel, today announced that the Company will present at the ROTH China Discovery Tour at the Ritz Carlton Hotel -- Sanya in China on Friday, May 23, 2008 at 4:00 p.m. local time.

For more information about the conference, please contact your ROTH Capital institutional sales representative.

About China Bio Energy Holding Co, Ltd

CBEH is a distributor of petroleum related products and a manufacturer and distributor of biodiesel fuel. CBEH sells a variety of related products including, gasoline (used primarily in automobiles), diesel fuel (commercial vehicles, agricultural machines, etc.), heavy oil and slurry (ship boilers, heating furnaces, metallurgical furnaces and other industrial furnaces), residual oil (utilized to manufacture petroleum coke, residual lubricating oil and asphalt or as a feedstock for cracking), and naphtha (used to manufacture ethane, propane, benzene, toluene and xylene). Sales of oil products in 2007 currently accounts for approximately 94% of CBEH's total revenues.

Bio-diesel refers to a clean burning alternative fuel produced from domestic, renewable resources. Bio-diesel is made through a chemical process whereby glycerin is separated from fat or vegetable oil. Bio-diesel contains no petroleum, but it can be blended at any level with petroleum diesel to create a bio-diesel blend and can be used in compression-ignition (diesel) engines with little or no modifications. Bio-diesel is the ideal substitute of petro-diesel and it has many benefits, including excellent environmental performance, superior ignition, compatibility with existing diesel engines, better lubrication to extend the life time of engines, and renewability. Sales of bio-diesel fuel account for approximately 19% of the Company's total revenues in the first quarter of 2008. The percent of bio-diesel in the Company's total revenues will increase greatly as the output of biodiesel increases.

Safe Harbor Statement

This press release contains certain statements that may include "forward-looking statements." 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. You 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 its website ( 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: US Contact: Mary Xia/Lin Li Tel: +1-732-230-3148 Asia Contact: Dan Joseph ICR, Inc. Tel: +86-21-6122-1077 Gaihong Li China Bio Energy Holdings Tel: +86-29-8320-4383

China Bio Energy Holding Co, Ltd

CONTACT: US Contact, Mary Xia/Lin Li, +1-732-230-3148; Asia Contact, DanJoseph of ICR, Inc., +86-21-6122-1077; Gaihong Li of China Bio Energy Holdings,+86-29-8320-4383

Source: PRNewswire

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