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China Bio Energy Holdings Group Retains HC International, Inc. for Investor Relations

Posted on: Friday, 13 February 2009, 07:30 CST

XI'AN, China, Feb. 13 /PRNewswire-Asia-FirstCall/ -- China Bio Energy Holdings Group (OTC Bulletin Board: CBEH), a leading manufacturer and distributor of bio-diesel and distributor of petroleum-related products including gasoline, diesel, and heavy oil in Xi'an, China, today announced it has retained HC International (''HCI'') to manage and execute its investor relations program. Matthew Hayden, and the HCI team, will be advising the Company in all facets of public financial communications.

"The team at HC International is well-respected and has a proven track record of representing successful China-based, U.S.-listed companies," commented Mr. Gao Xincheng, Chief Executive Officer of China Bio Energy Holdings Group. "After careful review, we selected HC International to ensure that our shareholders and the investment community fully understand our current business model, competitive advantages, market opportunity and growth strategy; especially as we further expand our bio-diesel production capacity, increase our distribution channels for oil and bio-diesel products, while integrating new retail stations,'' Mr. Gao continued, ''In addition to their sector knowledge, we are confident HCI will help us to improve our overall communication capabilities, which includes delivering our story and subsequent milestones to a larger, targeted base of investors."

"China Bio Energy Holdings Group is well positioned to capitalize on the market opportunities within China's petroleum and bio-diesel industry. The Company's revenue and earnings both grew at an approximate 90% CAGR during the past three years while biodiesel sales contributed to a 142% growth in revenues and a 267% growth in net income for the first nine months of 2008, compared to the year ago period. Despite dropping oil prices associated with the current global economic slowdown, there are several fundamental factors which we believe support the Company's long term growth plan. These include China's continuing demand for energy to accommodate future economic growth, a shortage of domestic oil resources making it dependent on foreign sources, and government initiatives to increase the utilization rate for alternative fuel to 15% by the year of 2020 while decreasing pollution emissions. CBEH's proprietary biodiesel production capabilities allow it to utilize multiple types of non-edible feedstock, which provide better input cost controls while ensuring optimal capacity utilization. The Company is the only integrated bio-diesel producer in China with a distribution license and is one of three companies in Shaanxi licensed to distribute both finished and heavy oil, two factors which create significant barriers to entry. Due to their advantageous location and long-established supplier relationships they are able to consistently execute their business strategies. They have an extensive distribution network with a valuable railway access that gives them exclusive access to Yunnan, Sichuan and Guizhou Provinces. Supported by a vertically integrated distribution platform that covers a geographic population of approximately 550 million and with the ability to leverage its own retail fuel stations, CBEH has several competitive advantages over its domestic competitors while operating a business with superior profit margins," stated Matthew Hayden, President of HC International.'' Mr. Hayden concluded, ''With the recent $14 million financing complementing strong cash flow, the Company is well positioned to further increase its bio-diesel production capabilities while expanding both its wholesale and retail distribution business throughout the bio-diesel market in China."

HCI is a premier China information resource to institutional investors, hedge funds, independent portfolio managers, buy-side and sell-side analysts, small to large retail brokerage firms and accredited individual investors. HC International will leverage its recognized investment community relationships to help capitalize on China Bio's key assets, while helping management to articulate its future growth opportunities. Additionally, the firm will extend CBEH's investor awareness programs, shareholder communications and coordinate introductions to key industry and sell-side analysts as part of a comprehensive IR program.

About China Bio Energy Holdings Group

CBEH is a distributor of petroleum-related products including gasoline, diesel, and heavy oil, and a manufacturer and distributor of bio-diesel fuel. CBEH's bio-diesel fuel is made at its 100,000-ton capacity facility in Shaanxi province. Feedstock 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 or can be blended with petro-diesel. 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.

About HC International, Inc.

HC International is a focused and dedicated organization that acts as a premier information resource for institutional investors, hedge funds, buy and sell-side analysts, small to large brokerage firms and accredited investors. HC International helps their clients companies package their corporate information in a clear, concise and consistent manner while facilitating introductions to the right investor at the most opportune time. HC International maintains offices in the U.S. and China. For further information, please contact HC International directly, or visit the Company's Web site at http://www.hcinternational.net .

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 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.

SOURCE China Bio Energy Holdings Group

Source: PR Newswire

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