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China Recycling Energy (CREG)

Stock symbol: CREG.OB………………….….…..……….……….……… Ave volume (3 mos) 5mm
Stock price 10/8/09: $1.88…………..………..……..…………….Common shares 6/30/09: 38.8mm
52 week Range: $.22 to $1.92..….…..…………..……………Equity market capitalization: $73mm

Recent News …..Stock Price & Chart …..SEC Filings

BUSINESS

. Provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China.

. Byproducts include heat, steam, pressure, and exhaust to generate large amounts of lower-cost electricity and reduce the need for outside electrical sources.

GUIDANCE

. CREG reaffirms its expectations for 2009 revenue to be in the range of $33 million to $36 million, with net income, excluding non-cash charges, of approximately $8 million.

. These targets are based on the Company's current views on the operating and market conditions, which are subject to change, Sept 29 read more

MARKET

. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution.
. Currently, recycled energy represents only an estimated 1% of total energy consumption
. This renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs as the Chinese economy continues to expand.

RECENT DEVELOPMETS

CREG’s Subsidiary Xi'an TCH Energy Technology Co. Ltd. Among the First Recognized as Hi-Tech Enterprise under China's New Rules, August 26, 2009 read more

INCOME STATEMENT SUMMARY

Address: Tower B, Chang An International Building, Suite 909, No. 88 Nan Guan Zheng Jie Xi’An City, Shan Xi710068 China
Telephone: 011-86-29-8769-1097
CEO: Guohua Ku, CEO
Web Site: http://www.creg-cn.com/en/

State or other jurisdiction of incorporation or organization: NV
Transfer Agent: Computershare Investor Services
Investor contact: Leo Wu, China Recycling Energy Corp., This e-mail address is being protected from spambots. You need JavaScript enabled to view it

MANAGEMENT TEAM

Mr. Guohua Ku – President &CEO

MBA Serving as marketing executive, manufacture supervisor, technique supervisor, etc. in Shaanxi Blower (Group) Co. Ltd.. Participated in designing and building of the first TRT system in China, and also involved in designing, investment & operation managing of TRT systems, which contributed much to the promotion and application of TRT system in China.

Lanwei Li – Vice President

Appointed as a director of China Recycling Energy Corporation on April 1, 2009. He has been working for the Company and its predecessors since March 2005 and currently works as Vice President and Director of Business, supervising the departments of Business Development, Investment Management and Strategy Development. He has a higher education background in investment economy management.

Mr. Xinyu Peng – C.F.O

Graduated from Shanghai Fudan University. He obtained MBA’s degree form University of Miami in U.S. in 2004. He worked in the Bank of China from 1990 to 2001 and afterwards involved in the accounting, financial and investment activities ever at the position of V.P Finance, Financial Controller or C.F.O in several U.S companies.

Shao, Nicholas – Director

Nicolas Shao was appointed as a director of China Recycling Energy Corporation on June 3, 2008, in accordance with the terms of the Shareholders Agreement between the Company and, among other parties, certain Carlyle Asia Growth investors. Mr. Shao is currently a Vice President of Carlyle Asia Growth and has worked in several international investment banks, including Credit Suisse First Boston and Morgan Stanley as a senior manager and analyst.

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