HONG KONG, June 21, 2011 (GLOBE NEWSWIRE) -- Sino Fibre Communications, Inc. (Pink Sheets:SFBE) announced today that it has engaged Malone Bailey, LLP as auditors for 2009-2011.
Daniel McKinney, CEO of Sino Fibre, commented, "We are pleased to be working again with Malone Bailey in getting our accounts and filings current." The Company intends to become current in its filings as soon as possible.
Further, the Company announced that it has appointed Chan Ming Hoi as its Chief Operating Officer. Chan, a Canadian citizen born in China, brings a wealth of experience and contacts in China and has been responsible for negotiating all our recent biomass acquisitions. Chan graduated from Hong Kong Baptist College in 1979 majoring in Fine Arts and Music. He speaks Cantonese, Mandarin and English.
The Company is currently in the process of finalizing its name change to Sino Bioenergy Corp. FINRA has confirmed that our CUSIP and trading symbol will not change after the name change.
About Sino Fibre Communications, Inc.
Established in May 2005, Sino Fibre Communications, Inc. is a Nevada Corporation. Please see our websites at: www.sinobioenergy.com and our 60% owned subsidiary: www.xinbaobiomass.com
The Sino Fibre Communications Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4102
This press release contains forward-looking statements based on management's expectations and beliefs, and may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.