HONG KONG, Jan. 25, 2012 (GLOBE NEWSWIRE) -- Sino Fibre Communications, Inc. (OTC Pink: SFBE, Borse Berlin: 3SF) today announced that it has now closed the two previously announced acquisitions in China.
SFBE issued 236,798,780 shares to close the Fu Hua acquisition and 202,681,000 shares to complete the Dai Lin deal. The Jin Hua acquisition was cancelled after both parties agreed it would be in their best interests.
"This is a milestone in the history of the Company," said CEO, Daniel Mckinney. "With the completion of these two vital acquisitions, the Company has been able to gain a significant foothold in the refuse derived waste (RDF) energy systems market in China and worldwide. Now that we own the patents behind this technology, we can start to build our biomass plants and roll out our business plan."
About Sino Fibre Communications, Inc.
Established in May 2005, Sino Bioenergy Corp. is a Nevada Corporation that trades on the OTC Pink and Bourse Berlin Exchange (symbol: 3SF). 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.