China Growth Stocks

[steeledge]

CGYV $5M contract announced this AM

China Energy Recovery Wins $5.05 Million Contract from Hubei Sanning Chemical
SHANGHAI, Sept. 23 /PRNewswire-Asia/ --

-- New Contract Wins in September Total Approximately US$10 Million

China Energy Recovery, Inc. (OTC Bulletin Board: CGYV), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the company won an RMB 34.5 million (US$5.05 million) Engineering, Procurement and Construction ("EPC") contract for a heat recovery system for Hubei Sanning Chemical ("Sanning"), a fertilizer and coal chemical subsidiary of Jincheng Coal Group, a top-10 coal producer and one of the 200 Largest Companies in China.

This most recent contract win follows the award of an RMB 30.5 million (US$4.47 million) EPC contract to CER from Tianjin Qinfa Chemical, a subsidiary of Tianjin Bohai Chemical Group, to construct a 200,000-ton annual capacity sulfuric acid plant with a built-in waste heat recovery system used to generate 3 megawatts ("MW") of electricity and 2.8 MW of heat energy generation capacities, respectively.