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China Energy Recovery, Inc. (CGYV)

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Contact Information China Energy Recovery, Inc.                         Company/Business Description

China Energy Recovery, Inc.
9440 Little Santa Monica Blvd.
Suite 400
Beverly Hills, CA 90210 

  • Phone: (310) 402-5901
CER is an international leader in energy recovery systems, with a primary focus on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Turkey, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, petro-chemicals, refining (including Ethanol refining), coke processing, and the manufacture of paper, cement and steel. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services.

  • OTC Market Tier

    Pink Quote/OTCBB
  • Business Stage

    Development Stage Company
  • State Of Incorporation

    DE
  • Jurisdiction Of Incorporation

    United States
  • Year Of Incorporation

    1998
  • Company Officers

    Michael Kurdziel, CEO, President, CFO, Secretary
  • SEC Reporting Status

    SEC Reporting Company
  • CIK

    0001208790
  • Fiscal Year End

    12/31
  • Estimated Market Cap

    $53,869,772 as of Sep 30, 2008
  • Outstanding Shares

    26,934,886 as of Aug 14, 2008
  • Number of Share Holders of Record

    95 as of Mar 28, 2008
  • Current Capital Change

    shs decreased by 1 for 2 split
    Pay Date: Apr 16, 2008
  • Company Notes

    • Note=4-06 State of Incorporation Maryland changed to Delaware
    • Formerly=MMA Media, Inc. until 2-2008
    • Formerly=Commerce Development Corporation Ltd. until 6-07
  • Security Notes

    • Capital Change=shs decreased by 1 for 2184 split. Pay date=04/11/2006.
    • Capital Change=shs increased by 40 for 1 split. Ex-date=6-8-07. Rec date=6-5-07. Pay date=6-7-07.
    • Capital Change=shs decreased by 1 for 9 split. Pay date=2-5-08.
  • Transfer Agent

    Island Stock Transfer
    100 Second Avenue South
    Suite 705S
    St. Petersburg, FL 33701
  •  
  • CEO BIOGRAPHIES & CEO AUDIO UPDATES OTCBB  
    QUOTES-NEWS-SEC FILINGS PINKSHEETS O.N.
    CONFERENCE CALLS NASDAQ BULLISTIC.TV
    INTERVIEWS TSX PENNYBOOM.NET
    REPORTER
    PENNYRUNNERS.COM
    O.A.N. BLOOMBERG ROCKET-STOCKS.COM

 

  •                     

 

OVERVIEW OF THE COMPANY

 

The disclosures about our history reflect the Company's capital structure as of the time of the occurrences described and do not take into account subsequent stock splits or other adjustments to the Company's capital structure.

We incorporated in the State of Maryland in May 1998 under the name Majestic Financial, Ltd. From inception to March 31, 2002, we were a wholly-owned subsidiary of The Majestic Companies, Ltd. In March 2002, The Majestic Companies, Ltd.'s board of directors approved a plan to spin-off our company to an entity controlled by The Majestic Companies, Ltd.'s former chief executive officer and to The Majestic Companies, Ltd.'s stockholders.

In 2002, we conducted a 1-for-10 reverse stock split of our issued and outstanding capital stock pursuant to which each ten shares of our common stock issued and outstanding on the record date of August 31, 2002 was converted into one share of our common stock. We had 27,150,000 shares of common stock issued and outstanding immediately prior to the reverse stock split and 2,715,000 shares thereafter.

We changed our name to Commerce Development Corporation, Ltd. in April 2002.

On September 24, 2002, we acquired USM Financial Solutions, Inc. through a Capital Stock Exchange Agreement. Pursuant to the agreement, USM Financial Solutions became our wholly-owned subsidiary. USM Financial Solutions has no assets and liabilities and has had no business activities since December 31, 2002.

On April 7, 2006, we entered into an Agreement and Plan of Merger with a newly formed wholly-owned subsidiary, Commerce Development Corporation, Ltd., a Delaware corporation, for purposes of changing our state of incorporation from Maryland to Delaware. On the same day, we conducted a 2,184-to-1 reverse stock split of our issued and outstanding capital stock pursuant to which each 2,184 shares of our common stock issued and outstanding on the record date of April 5, 2006 was converted into one share of our common stock. We had 98,285,596 shares of common stock issued and outstanding immediately prior to the reverse stock split and 45,096 shares thereafter.

Effective June 5, 2007, we changed our name to MMA Media Inc. and conducted a 40-for-1 forward stock split of our issued and outstanding capital stock pursuant to which each one share of our common stock issued and outstanding on the record date of June 5, 2007 was split into 40 shares of our common stock. We had 1,348,050 shares of common stock issued and outstanding immediately prior to the forward stock split and 53,922,000 shares thereafter.

On August 14, 2007, we launched our website announcing our entry into a new line of business. We sought to capitalize on the explosive growth of mixed martial arts by creating what we believed to be the first comprehensive media company dedicated solely to the sport. We planned to distribute third party and proprietary mixed martial arts media content, goods and services through multiple media platforms such as the Internet, television and print. These media platforms were expected to be secured through acquisitions and strategic partnerships.

On January 24, 2008, we entered into a Share Exchange Agreement (the "Share Exchange Agreement") with Poise Profit International, Ltd. ("Poise Profit") and the shareholders of Poise Profit. Pursuant to the Share Exchange Agreement, we agreed to acquire 100% of the issued and outstanding shares of Poise Profit's common stock in exchange for the issuance of 41,514,179 shares of our common stock to the shareholders of Poise Profit. The share exchange (the "Share Exchange") transaction was consummated on April 15, 2008.

On January 25, 2008, we entered into and closed an Asset Purchase Agreement with MMA Acquisition Company, a Delaware corporation, pursuant to which we sold substantially all of our assets to MMA Acquisition Company in exchange for MMA Acquisition Company's assuming a substantial majority of our outstanding liabilities. The transferred assets consisted of letters of intent for the proposed acquisitions of MMAWeekly.com, dated June 9, 2007, and Blackbelt TV, Inc., dated July 16, 2007, and all shares of common stock in Blackbelt TV, Inc. we owned, among other things. The total book value of the assets acquired was approximately $317,000. The assumed liabilities consist of accounts payable, convertible debt, accrued expenses and shareholder advances of approximately $360,000.

Effective February 5, 2008, we changed our name to China Energy Recovery, Inc. and conducted a 1-for-9 reverse stock split of our issued and outstanding capital stock pursuant to which each nine shares of our common stock issued and outstanding on the record date of February 4, 2008 was converted into one share of our common stock. We had 85,067,000 shares of common stock issued and outstanding immediately prior to the reverse stock split and 9,451,889 shares thereafter.

On April 15, 2008, we closed the Share Exchange pursuant to which we acquired all of the issued and outstanding shares of Poise Profit's common stock in exchange for the issuance of 41,514,179 shares of our common stock to Poise Profit's stockholders. Upon the closing of the transaction, Poise Profit became our wholly-owned subsidiary.

On April 16, 2008, we conducted a 1-for-2 reverse stock split of our issued and outstanding capital stock pursuant to which each two shares of our common stock issued and outstanding on the record date of April 15, 2008 was converted into one share of our common stock. We had 50,966,068 shares of common stock issued and outstanding immediately prior to the reverse stock split and 25,483,034 shares thereafter.

From inception until 2000, we were engaged in the limited origination and servicing of new modular building leases. We conducted such activity primarily in the State of California and accounted for all the leases we entered into as operating leases. We ceased entering into new leases in 2000. Between 2000 and January 24, 2007, we were a development stage company in the business of providing business management and capital acquisition solutions. As a result of the closing of the Share Exchange on April 15, 2008, our new business operations consist of those of Poise Profit's Chinese subsidiary, HAIE Hi-tech Engineering (Hong Kong) Company, Limited ("Hi-tech"), which is principally engaged in designing, marketing, licensing, fabricating, implementing and servicing industrial energy recovery systems. Poise Profit was incorporated on November 23, 2007 under the laws of the British Virgin Islands. Hi-tech was incorporated under the laws of the Hong Kong Special Administration Region, China on January 4, 2002. Hi-tech carries out its operations mainly through Shanghai Hai Lu Kun Lun Hi-tech Engineering Co., Ltd. ("Shanghai Engineering") with which Hi-tech has a contractual relationship. This arrangement reflects Chinese limitations on foreign investments and ownership in Chinese businesses. Shanghai Engineering's manufacturing activities are carried out by Shanghai Si Fang Boiler Factory-Vessel Works Division ("Vessel Works Division") located in Shanghai, China through a lease agreement with Vessel Works Division's owner. We are headquartered in Shanghai, China.

The energy recovery systems that Hi-tech and Shanghai Engineering produce capture industrial waste energy for reuse in industrial processes or to produce electricity and thermal power, thereby allowing industrial manufacturers to reduce their energy costs, shrink their emissions and generate sellable emissions credits. Hi-tech and Shanghai Engineering have primarily sold energy recovery systems to chemical manufacturing plants to reduce their energy costs by increasing the efficiency of their manufacturing equipment. Hi-tech, through Shanghai Engineering, has installed more than 100 energy recovery systems throughout China and in a variety of international markets.

QUARTER 4 REPORT 2008

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  •  


  •  LATEST NEWS ON CHINA ENERGY RECOVERY, INC.

 


04/22/2009 7:00AM PRNUS China Energy Recovery Confirms a $1.8 million New Waste Heat Energy Recovery System Contract from Fertilizer Leader, Dongsheng C
04/14/2009 7:00AM PRNUS China Energy Recovery Files a New Patent of Waste Heat Recovery Technology to Capture and Reuse Waste Energy in Cement Manufactu
04/08/2009 7:00AM PRNUS China Energy Recovery Reports Releasing Escrowed Shares Back to Founding Management As a Result of Outperforming Financial Targe
04/07/2009 7:00AM PRNUS China Energy Recovery Secures a $1.4 million Contract for Waste Heat Recovery Systems for Hubei Yangfeng Group
04/06/2009 12:26PM EDGAR (8-K) - Current report filing
03/31/2009 7:00AM PRNUS China Energy Recovery Announces Record Full Year and Fourth Quarter Financial Results for 2008
03/30/2009 5:18PM EDGAR (10-K) - Annual Report
03/24/2009 7:00AM PRNUS China Energy Recovery to Appear at the Sulphur and Sulphuric Acid 2009 Conference in South Africa
03/17/2009 7:00AM PRNUS China Energy Recovery Announces Progress on Its Efforts to Protect Its Intellectual Properties for Energy Efficiency
03/10/2009 7:00AM PRNUS China Energy Recovery Completes a Series of Waste Heat Recovery Boilers for a New Methanol Plant of Sopo Chemical
03/03/2009 7:00AM PRNUS China Energy Recovery Announces the Official Operation of a New Sulfuric Plant with a Built-in Waste Heat Recovery System
02/24/2009 7:00AM PRNUS China Energy Recovery Board Member, Roger Ballentine, Discusses Advancements in Global Energy Efficiency on RenewableEnergyWorld
02/11/2009 3:20PM PRNUS Roger Ballentine of Green Strategies and China Energy Recovery's Board Director to Appear at RETECH 2009 in Las Vegas
01/27/2009 9:20AM PRNUS Beacon Equity Issues Trade Alerts on Market Movers: CGYV, TLAB, PTV, NFLX, CETV, JASO
01/27/2009 7:00AM PRNUS China Energy Recovery Secures an $8.9 Million Contract for a Heat Recovery System Retrofit Project for Jiangsu Sopo Chemical
01/20/2009 7:00AM PRNUS China Energy Recovery Reports More Than 140 MW Energy Generation Capacity Completed and Delivered in 2008
01/13/2009 7:00AM PRNUS China Energy Recovery Announces Start of Operations of a Key EPC Project with Built-in Waste Heat Recovery System Resulting in 3
01/06/2009 7:00AM PRNUS China Energy Recovery Completes a New $3.3 Million Project for a Repeat Customer
  

STOCK CHARTS


 

 

The information provided here has been obtained from publicly available sources as well as directly from issuers in some cases.

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PostSubject
#655   A ray of light perhaps? Ecomike 01/22/15 05:55:31 PM
#654   The tide may be changing directions here? Ecomike 01/03/15 09:30:26 PM
#653   I would really love to get the address/location PieceofPie 12/24/14 12:16:54 AM
#652   I am still holding a few shares and Ecomike 12/18/14 12:53:03 PM
#651   Thanks. Still searching with a smige of hope. PieceofPie 12/18/14 12:30:49 PM
#650   Frankly, the cheap oil now raises doubts about Ecomike 12/13/14 08:16:39 AM
#649   I really need the location of the $10 PieceofPie 12/12/14 11:04:19 PM
#648   No, but I am still long and thinking Ecomike 12/10/14 05:28:58 AM
#647   Does anyone have the location of the factory PieceofPie 11/25/14 11:06:23 AM
#646   OK Board of Directors, the U.S. and China PieceofPie 11/12/14 05:23:03 PM
#645   No idea, I stopped following this one and Ecomike 10/02/14 12:32:47 PM
#644   What do you think these days EcoMike? Will risktaker2010 10/02/14 08:20:11 AM
#643   Is there anyone out there that has boots PieceofPie 09/27/14 10:43:01 AM
#642   I believe that is the sound of a PieceofPie 08/23/14 09:34:54 AM
#641   Again, with all the building of coal-fired plants PieceofPie 07/31/14 06:23:27 PM
#640   CGYV Waking Up... update the 2013 results. ilovebj2 07/31/14 02:36:56 PM
#639   Recent talk about China coal factory building and PieceofPie 07/25/14 10:17:30 PM
#638   Recent media pressure on China air quality problems PieceofPie 02/26/14 09:54:00 PM
#637   Interesting news here for all china stocks like CGYV Ecomike 02/23/14 03:30:31 PM
#636   CNN reporting today that Northern China is warning PieceofPie 01/17/14 01:07:42 PM
#635   So this really is completely dead? I dont understand!? risktaker2010 01/15/14 01:40:37 PM
#634   Hope the gas leak in the plant blows PieceofPie 01/09/14 05:04:35 PM
#633   So this stock is just totally dead now risktaker2010 01/03/14 12:06:00 PM
#632   hahahahahahahahaha!!!!!!!!!!! Perfect joke for the end of PieceofPie 12/31/13 08:57:38 AM
#631   CGYV is having lot of buzz kranthikumar 12/30/13 09:57:49 AM
#630   Need an attorney who specializes in class actions. PieceofPie 12/23/13 04:15:54 PM
#629   They are shutting down bar-b-q's to reduce pollution???????? PieceofPie 11/27/13 03:40:38 AM
#628   I was right, they went dark in April. Ecomike 10/31/13 12:31:25 AM
#627   Fully reporting. PieceofPie 10/31/13 12:05:19 AM
#626   What is the SEC status of this one Ecomike 10/30/13 02:51:51 PM
#625   CGYV wowzer day here, up 200% on 500 shares? Ecomike 10/30/13 02:50:38 PM
#624   Exciting! Two puppies this morning. PieceofPie 08/20/13 09:55:50 AM
#623   Good morning little 5,000. PieceofPie 08/19/13 10:32:02 AM
#622   Interesting that one 5k trades early every day. PieceofPie 07/27/13 05:29:30 PM
#621   Excellent find. Thank you very much. PieceofPie 06/22/13 12:21:22 PM
#620   Yizheng Manufacturing Plant update ilovebj2 06/08/13 03:18:53 PM
#619   What I find interesting is that the stock Ecomike 05/16/13 12:18:27 PM
#618   Well said Ecomike. I am doing as PieceofPie 05/16/13 01:21:17 AM
#617   A little more info on the CGYV filing Ecomike 05/09/13 12:49:10 PM
#616   I got an answer here: Ecomike 05/09/13 12:36:40 PM
#615   What makes you say that? Ecomike 05/09/13 11:15:38 AM
#614   It means report to SEC as fraud and ilovebj2 05/09/13 11:01:14 AM
#613   What the hell does that mean?1 I've been risktaker2010 05/09/13 09:46:05 AM
#612   CGYV filing termination of registration ilovebj2 05/09/13 04:11:38 AM
#611   It was not an immediate carbon tax, it Ecomike 03/19/13 03:37:26 PM
#610   I read that as saying that it was PieceofPie 03/19/13 03:22:57 PM
#609   This is probably the only one I am Ecomike 03/19/13 01:08:10 AM
#608   Setting it up to siphon off as much PieceofPie 03/18/13 09:56:13 PM
#607   It now appears that during the last four PieceofPie 03/06/13 01:20:24 PM
#606   They were pumping that news 4 years ago, Ecomike 03/06/13 11:56:06 AM
PostSubject