China Energy Recovery Completes US$1.42 Million Contract for Hubei Yangfeng Group

SHANGHAI, Oct. 13 /PRNewswire-Asia/ -- -- CER recovery systems provide nearly 24MW clean thermo energy capacity annually with savings of 57,100 tons of coal and 151,700 tons of CO2 China Energy Recovery, Inc. (OTC Bulletin Board: CGYV - News; ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector, today announced the completion of two waste heat recovery systems for Hubei Yangfeng Group ("Yangfeng"), a leading phosphate fertilizer producer in China. Total contract value for the CER systems is RMB9.73 million (approximately US$1.42 million) about RMB8.3 million (approximately US$1.22 million) of which will be recognized by CER in Q3 2009, according to US GAAP (see below for revenue recognition details).The completed systems are designed to generate 120 tons of steam per hour, which translates into nearly 24MW of thermo power generation capacity. These systems will help Yangfeng achieve an estimated annual saving of up to 57,100 tons of coal (coal equivalent) and reduce carbon dioxide emissions by up to 151,700 tons.Yangfeng is one of China's largest producers of phosphate fertilizer, which is used widely in agriculture. Globally, China is the largest producer of phosphate fertilizers and is also the largest market for these basic goods."We are very pleased to have completed these waste heat recovery systems for Yangfeng, which is an important repeat customer of CER," said Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery."China remains ...
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CHINA ENERGY RECOVERY, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and E

Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 1, 2009, the Board of Directors filled a current vacancy on the Company's Board by the appointment of Estelle Lau as a director. Ms. Lau is deemed by the Board to be an independent director. Ms. Lau has been a consultant for the past 10 years in the venture capital community focusing on cross-border investments in Asia, mainly in Chinese-speaking countries. She has served as General Counsel to pan-Asian venture funds, including CVM Capital and Crimson Capital. She has held the position of Vice President at 51Job, the leading provider of HR services in China listed on Nasdaq, serving as internal counsel and managing investor relations in the U.S. Ms. Lau also worked as an independent consultant at Kmart Corporation as Acting VP of Global Sourcing and Compliance. Most recently, she served as General Counsel and managed investor relations for Shine Media Acquisition Corporation. Ms. Lau was an Associate Professor of Law at SUNY Buffalo School of Law and has a B.A. in Sociology and Philosophy from Wellesley College, an M.A. and Ph.D. in Sociology from the University of Chicago and a J.D. from Harvard Law School. In connection with the appointment, the Company entered into its standard Board of Directors - Retainer Agreement (the "Retainer Agreement") with Ms. Lau. Pursuant to the terms of the Retainer Agreements, Ms. Lau has agreed to serve as a director until the earlier of the termination of the Retainer Agreement or the two year anniversary of the effective date thereof. In compensation for service on the Company's Board of Directors, Ms. Lau is entitled to receive an annual cash retainer of $30,000. In addition, Ms. Lau received options to purchase up to 60,000 shares of the Company's common stock at an exercise price of $1.22 per share. The term of the options is ten years and the options vest in ...
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Adam Friedman Associates Announces Fall 2009 China Growth Conference

NEW YORK, NY--(Marketwire - 09/22/09) - Adam Friedman Associates (AFA), a leading New York communications consultancy specializing in investor relations and financial communications, today announced it will host its Fall 2008 China Growth Conference on Wednesday, October 28 at the Princeton Club of New York City, located at 15 West 43rd Street. The conference brings together China-based growth companies and investors in a stimulating, intellectual and social environment. A select group of Chinese companies will present to an audience of some 200 investors, all of whom are specifically interested in Chinese securities.Presenting companiesFor Chinese companies, the 2009 China Growth Conference is an excellent way to expand equity ownership and help raise capital by networking with investment bankers, hedge fund managers, buy/sell-side analysts and other financial professionals.Featured presenting companies include: China North East Petroleum Holdings Ltd. (AMEX:NEP - News), ChinaEDU Corporation (NASDAQ:CEDU - News), China Natural Gas (NASDAQ:CHNG - ...
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CHINA ENERGY RECOVERY, INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for CHINA ENERGY RECOVERY, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHINA ENERGY RECOVERY, INC. 11-Sep-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informati...
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CHINA ENERGY RECOVERY, INC. Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue7,615  1,262  7,198  6,124  Cost of Revenue6,045  1,200  5,640  4,513  Gross Profit1,570  62  1,558  1,611  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative1,816  1,541  1,191  1,185  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(246)(1,479)368  426  Income from Continuing OperationsTotal Other Income/Expenses Net1,176  (157)95  9  Earnings Before Interest And Taxes931  (1,635)463  434  Interest Expense(2)2  7  (15)Income Before Tax933  (1,637)456  449  Income Tax Expense92  (167)154  204  Minority Interest -   -   -   -  Net Income From Continuing Ops841  (1,470)302  245  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   -   - ...
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China Energy Recovery to Present at Rodman & Renshaw Annual Global Investment Conference

SHANGHAI, Sept. 1 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (OTC Bulletin Board: CGYV - News; ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the company will present at the Rodman & Renshaw Annual Global Investment Conference on September 10, 2009. The conference will be held during September 9-11, 2009, at the New York Palace Hotel in New York. The presentation is scheduled for Thursday, September 10, 2009, at 8:45 AM Eastern Time, in Louis Salon (4th Floor). Members of the company's management team will be available for one-on-one meetings with investors. For additional information or to schedule a one-on-one meeting with China Energy Recovery Inc. at this conference, please contact the company at +86-21-5556-0020 or ir@haie.com.What is Waste Heat Energy Recovery?Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by al...
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