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ShengdaTech Schedules Conference Call to Discuss Third Quarter Results

October 29, 2008

TAIAN CITY, Shandong, China, Oct. 29 /Xinhua-PRNewswire-FirstCall/ — ShengdaTech Inc. (“ShengdaTech” or “The Company”) a leading manufacturer of nano precipitated calcium carbonate (“NPCC”) and a major manufacturer of coal-based chemical products in Tai’an City, Shandong Province, PRC, today announced it will host a conference call at 9:00 a.m. ET on Tuesday, November 11, 2008, to discuss financial results for the third quarter of 2008.

Joining Mr. Xiangzhi Chen, ShengdaTech’s Chief Executive Officer, will be Ms. Anhui Guo, Chief Financial Officer, and Mr. Crocker Coulson, President of CCG Investor Relations. The Company plans to release its earnings on November 10, 2008.

To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 888-419-5570. International callers should dial 617-896-9871. The pass code for the call is 29580706.

If you are unable to participate in the call at this time, a replay will be available on Tuesday, November 11, 2008 at 11:00 a.m. ET through Tuesday, November 25, 2008. To access the replay, dial 888-286-8010. International callers should dial 617-801-6888. The conference pass code is 63735758.

This conference call will be broadcast live over the Internet and can be accessed by all interested parties by clicking on http://www.shengdatechinc.com/ . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.

About ShengdaTech, Inc.

ShengdaTech is engaged in the business of manufacturing, marketing and selling nano-precipitated calcium carbonate (“NPCC”) products and coal-based chemicals for use in various applications. The Company converts limestone into NPCC using its proprietary technology co-developed with Tsinghua University. ShengdaTech is the only company possessing proprietary NPCC technology in China. Its NPCC products are mainly exported to countries like South Korea, Singapore, Malaysia, Vietnam, etc. The Company is also engaged in the manufacture and sale of coal-based chemical products namely ammonium bicarbonate, liquid ammonia, melamine and methanol. The Company markets and sells its coal-based products mainly for chemical fertilizers and raw materials in the production of organic and inorganic chemical products, including formaldehyde and pesticides. For more information, contact CCG Investor Relations directly or go to ShengdaTech’s website at http://www.shengdatechinc.com/ .

   For more information, please contact:     Crocker Coulson, President    CCG Investor Relations    Tel:   +1-646-213-1915    Email: crocker.coulson@ccgir.com    Web:   http://www.ccgirasia.com/  

ShengdaTech Inc.

CONTACT: Crocker Coulson, President of CCG Investor Relations, +1-646-213-1915, or crocker.coulson@ccgir.com

Web Site: http://www.shengdatechinc.com/http://www.ccgirasia.com/