China Energy Savings Technology (CESV)

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#13...

Law Offices of Howard G. Smith Announces Class Action Lawsuit Against China Energy Savings Technology, Inc. -- CESV
Wednesday May 17, 10:57 pm ET


BENSALEM, Pa., May 17, 2006 (PRIMEZONE) -- Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired securities of China Energy Savings Technology, Inc. (``China Energy'' or the ``Company'') (NasdaqNM:CESV - News) between April 21, 2005 and February 15, 2006, inclusive (the ``Class Period''). The class action lawsuit was filed in the United States District Court for the Southern District of New York.

The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market during the Class Period concerning China Energy and its business operations, thereby artificially inflating the price of China Energy securities.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased China Energy securities between April 21, 2005 and February 15, 2006, you have certain rights, and have until June 30, 2006, in which to move for Lead Plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at [phone], Toll-Free at [phone], or visit our website at http://www.howardsmithlaw.com.

More information on this and other class actions can be found on the Class Action Newsline at http://www.primezone.com/ca



Contact:
Law Offices of Howard G. Smith
Howard G. Smith
[phone]
[phone]
[e-mail]
www.howardsmithlaw.com