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New Oriental Energy &Amp; Chemical Corporation Names Ben Wang Chief Financial Officer

Posted on: Monday, 9 April 2007, 12:00 CDT

New Oriental Energy & Chemical Corp. "New Oriental" (OTCBB: NOEC), a specialty chemical and emerging alternative fuel manufacturer in The People's Republic of China (PRC), announced the appointment of Ben Wang as Chief Financial Officer (CFO) effective April 1, 2007.

Wang, age 34, has experience in public company analysis, qualitative and quantitative financial analysis, including modeling and forecasting. Most recently he was an equity research analyst at the Beijing offices of Brean Murray Carret Co., Ltd., a boutique institutional investment bank and research firm. Prior to that he did risk solutions consulting for Standard and Poor's, and was a senior equity research analyst for Century Securities Co., Ltd. He will report to Chen Si Qiang, the Company's Chief Executive Officer.

"We believe Mr. Wang will be an excellent addition to our senior management team," commented Chen Si Qiang. "We anticipate fiscal 2008 to be an inflection point for the Company as alternative fuels begin to comprise a larger and growing portion of our revenue base. Mr. Wang will continue to improve and integrate new financial controls to improve reporting and analysis as our organization pursues this growth strategy. Mr. Wang's engineering background and experience in the public markets will benefit our Company's ability to articulate its story to the investment community, establish and maintain relationships with key institutional investors and sell side analysts, which should create further diversification of our shareholder base. In addition, we appreciate the contributions that David Tang made as CFO and wish him the best in his future business endeavors."

Mr. Wang earned his Ph. D. from the Department of Decisions, Risk & Operations Management at Columbia Business School in New York, NY in 2003. He was awarded an M.E. in Electrical Engineering from Tsinghua University in Beijing and a B.E. in Electronic Engineering from Chengdu's University of Electronic Science & Technology of China.

About New Oriental Energy & Chemical Corp.

New Oriental Energy & Chemical Corp. is an emerging alternative fuel and specialty chemical manufacturer based in Henan Province, China. The Company is focused on the production of Dimethyl ether (DME), methanol and fertilizer products, and the Company expects to begin production of bio-diesel within the next year. The Company sells its products primarily through a network of distribution partners.

Safe Harbor Statement:

This press release contains forward-looking statements concerning Sports Source, Inc. and New Oriental Energy. The actual results may differ materially depending on a number of risk factors including, but not limited to, the following: general economic and business conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology or product techniques, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. New Oriental Energy & Chemical Corp. undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

 Contact: New Oriental Energy & Chemical Corp. Mr. Wang Gui Quan President Xicheng Industrial Zone of Luoshan, Xinyang Henan Province, The People's Republic of China Tel: (011-86) 376-2169211 Fax: (011-86) 376-6818152  For Investors: Bob Agriogianis Focus Asia Partners Bob@focusasiapartners.com Ph: (973) 966-2983 Cell: (973) 216-6949 Fax: (973) 966-6252  

SOURCE: New Oriental Energy & Chemical Corp.

Source: MARKET WIRE

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