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China Industrial Waste Management, Inc. Attends 'Sino-German Workshop in Response to Climate Change Application of Sludge Treatment Technologies and Potential CDM Projects'

Posted on: Thursday, 3 September 2009, 07:00 CDT

DALIAN, China, Sept. 3 /PRNewswire-Asia/ -- China Industrial Waste Management, Inc. (OTC Bulletin Board: CIWT) ("China Industrial Waste Management" or the "Company"), a PRC-based industrial waste processor and provider of environmental protection, pollution treatment and waste management design services, announced today that it attended the "Sino-German Workshop in Response to Climate Change Application of Sludge Treatment Technologies and Potential CDM Projects" on August 31st and September 1st in Dalian, China.

The Workshop was organized by the Ministry of Housing and Urban-Rural Development of the Peoples' Republic of China ("MOHURD") and the German Federal Environmental Department of Nature Conservation and Nuclear Safety. Experts from China and Germany introduced the current practice of sludge treatment in both countries and its further development in the context of Clean Development Mechanisms ("CDM").

Mr. Jun Liu, General Engineer of Dongtai Organic Waste Treatment Co., Ltd. ("Dongtai Organic"), the Company's subsidiary, introduced a sludge treatment project in Dalian, operated by Dongtai Organic. Participants of the seminar visited Dongtai Organic's sludge treatment facility. The initial six fermentation tanks are in trial production and are performing very well. Once completed, there will be 12 fermentation tanks in operation. The designed capacity of this project is 600 tons per day for sludge treatment, and 25,000-30,000 m3 per day for biogas generation.

The company's core technology of anaerobic digestion and its successful application was highly praised by representatives from MOHURD, and they recommended this technology and equipment be applied in other cities as well.

"We were pleased to have attended this seminar for an extensive discussion with experts in the sludge treatment industry," said Mr. Jinqing Dong, the Company's Chief Executive Officer. "The success of our sludge treatment project in Dalian has attracted increasing attention from domestic and overseas specialists."

Currently, a 12-km-long biogas pipe network is under construction. Management anticipates that this network will be completed by end of October 2009. The biogas generated by these 12 fermentation tanks will be distributed through the network to end-users in Dalian as a supplement to town gas.

About China Industrial Waste Management, Inc.

China Industrial Waste Management, Inc. is engaged in the collection, treatment, disposal and recycling of industrial wastes principally in Dalian and surrounding areas in Liaoning Province, People's Republic of China through its 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd. ("Dongtai") and other indirect subsidiaries. Dongtai treats, disposes of and/or recycles many types of industrial wastes, and recycled waste products used by customers as raw material to produce chemical and metallurgy products. In addition, Dongtai treats or disposes of industrial waste through incineration, burial or water treatment, and provides environmental protection services, technology consultation, pollution treatment services, waste management design processing services, waste disposal solutions, waste transportation services, onsite waste management services, and environmental pollution remediation services. For more information, please visit: http://www.chinaciwt.com .

Cautionary Statement Regarding Forward-Looking Information

This release may include "forward-looking statements." You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain such words as "may," "project," "might," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or the negative or other variations thereof or comparable terminology. These forward-looking statements are based on current expectations and projections about future events. Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified and, consequently, our actual performance may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the following factors, as well as other factors described from time to time in our reports filed with the Securities and Exchange Commission: the timing and magnitude of technological advances; the prospects for future acquisitions; the effects of political, economic and social uncertainties regarding the governmental, economic and political circumstances in the People's Republic of China, the possibility that a current customer could be acquired or otherwise be affected by a future event that would diminish their waste management requirements; the competition in the waste management industry and the impact of such competition on pricing, revenues and margins; uncertainties surrounding budget reductions or changes in funding priorities of existing government programs and the cost of attracting and retaining highly skilled personnel; our projected sales, profitability, and cash flows; our growth strategies; anticipated trends in our industries; our future financing plans; and our anticipated needs for working capital. Forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

SOURCE China Industrial Waste Management, Inc.

Source: PR Newswire

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