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China Bio Energy Holding Group Announces Participation in the Rodman & Renshaw Annual Global Investment Conference

Posted on: Wednesday, 5 November 2008, 09:00 CST

XI'AN, China, Nov. 5 /Xinhua-PRNewswire-FirstCall/ -- China Bio Energy Holding Group Co., Ltd. (BULLETIN BOARD: CBEH) today announced that its senior management will participate in the Rodman & Renshaw Annual Global Investment Conference: Asia Growth Track at the New York Palace Hotel in New York, NY on November 10-12, 2008. Management's participation will consist of a presentation scheduled for Tuesday, November 11, at 3:15pm Eastern Time as well as one-on-one meetings with investors.

Institutional investors who are interested in attending should contact their respective institutional sales representative at Rodman & Renshaw.

About China Bio Energy Holding Group Co., Ltd.

CBEH is a distributor of petroleum related products and a manufacturer and distributor of bio-diesel fuel. CBEH sells a variety of petroleum-related products including gasoline, diesel fuel and various kinds of heavy oil. CBEH's bio-diesel fuel is produced at its 100,000-ton capacity facility in Shaanxi province, People's Republic of China. The feedstock used to make bio-diesel fuel consists of naturally growing non-edible seeds and waste oil from restaurants. CBEH's bio-diesel can be used as a complete substitute for petro-diesel and can be blended with petro-diesel at any ratio. The Company's products are sold via its own distribution network, which includes four fuel depots in Shaanxi that have both road and rail access. The Company also owns five retail gas stations, also located in Shaanxi province.

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, involving 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 the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's 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 risk 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: Dan Joseph ICR, Inc. Tel: +86-21-6122-1077 Bill Zima ICR Inc. (US) Tel: +1-203-682-8200

China Bio Energy Holding Group Co., Ltd.

CONTACT: Dan Joseph, +86-21-6122-1077 or Bill Zima, +1-203-682-8200,both of of ICR Inc., for CBEH

Source: PRNewswire

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