Replies to post #27 on China Prosperous Clean Energy Corp fka CHPC

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There was also this one where they entered the second stage of a construction project which includes a CNG mother station, an additional 64.7 kilometers of natural gas pipeline and related facilities.

China Prosperous Clean Energy Corporation Completes Construction of First Stage of Shijiazhuang Project

ANYANG, CHINA -- (Marketwire) -- 01/20/09 -- China Prosperous Clean Energy Corporation, (OTCBB: CHPC), a retailer and wholesaler of compressed natural gas and liquefied petroleum gas through its subsidiaries based in China, today announced that the Company has completed the first stage of construction for natural gas distribution network for residential usage in Shijiazhuang Yuanshi County. This project has now entered the second stage which includes a CNG mother station, an additional 64.7 kilometers of natural gas pipeline and related facilities.

There are over 11,000 taxies, 3,000 buses and 1,500 mini-buses while only 11 CNG stations are currently available in Shijiazhuang. The CNG mother station under construction is mainly for wholesale and retail of CNG for local vehicles using natural gas as alternative energy. The total investment of this project in Shijiazhuang is approximately $14.3 million.

"We are very pleased to complete construction for the first stage of Shijiazhuang project. This major milestone allows CHPC to officially launch this new revenue producing unit during the 2nd quarter of 2009. This will not only allow us to further diversify our revenues, but also further extend our footprint in Northern China," commented Mr. Wei Wang, Chairman and CEO of China Prosperous Clean Energy Corporation.

"Our team is currently working on the second stage of this project and we expect to have the network and CNG mother station in service at the end of 2009. This new business unit will enable China Prosperous Clean Energy Corporation to immediately start supplying natural gas to residential customers in Shijiazhuang Yuanshi County. Additionally, we believe that the operating foundation we have put in place will enable us to capitalize on new projects coming on line in the near term while taking advantage of new opportunities in this rapidly growing industry," concluded Mr. Wang.

About China Prosperous Clean Energy Corporation

China Prosperous Clean Energy Corporation is engaged in the wholesale and retail sales of compressed gas and liquefied petroleum gas through its subsidiaries in the People's Republic of China. The company owns and operates 6 cities' natural gas distribution systems serving approximately 16000 residential and many industrial (negotiating) customers. Facilities include approximately 20 kilometers of pipeline and delivery networks with a designed daily capacity more than 50000 cubic meters of natural gas. China Prosperous Clean Energy Corporation owns and operates natural gas distribution systems in Henan, Hebei, Shandong and Shanxi Provinces. The Company's website is: www.ayszwx.com.cn.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and the marketability of its products; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission.

These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For more information, please contact:

Shiming Yu
China Tel: [phone]
[e-mail]

Source: Marketwire (January 20, 2009 - 8:30 AM EST)