HONG KONG, Dec. 23, 2013 (GLOBE NEWSWIRE) -- Sino Bioenergy Corp. (OTC Pink:SFBE) (Borse Berlin:3SF) today announced that it has appointed a new Chief Executive Officer to replace Daniel Mckinney who resigned from his position as Chief Executive Officer, President and Director.
The Company is pleased to announce that its Chief Operating Officer, Hoi Ming Chan has been appointed Chief Executive Officer and President of the Company.
New CEO, Hoi Ming Chan commented, "I am pleased to take the helm of the Company at this time of our exciting growth. Our Huizhou Biotech subsidiary will continue to work toward expanding production and sales throughout 2014. We anticipate delivering solid revenues and profits for Q4 and doubling our revenues and profits for 2014 by expanding its rice cultivation bases in China and overseas and via rice seed sales."
Ming Chan concluded, "We are grateful for the contributions of Daniel Mckinney for his eight years of service as CEO / director and for his tireless efforts and persistence in restructuring and cleaning up the Company to bring us to this current position of growth and profitability."
Mr. Chan is an inventor of new energy technologies and has a number of individual registered patents pertaining to environmental and energy applications.
SFBE is current in its reporting under the OTC Alternative Reporting Standard.
About Sino Bioenergy Corp.
Established in May 2005, Sino Bioenergy Corp. is a Nevada Corporation that trades on the OTC Pink (symbol: SFBE) and Bourse Berlin Exchange (symbol: 3SF). Please see our website at: www.sinobioenergy.com. Total shares outstanding: 711,915,750 as of December 23, 2013.
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.