NF Energy Saving Corporation Issues Full Year 2010 Revenue Guidance in the Range of $27-30 Million

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NF Energy Saving Corporation

Apr 20, 2010, 05:00 ET

SHENYANG, China, April 20 /PRNewswire-Asia/ -- NF Energy Saving Corporation (OTC Bulletin Board: NFEC; "NF Energy"), a Chinese leader in providing integrated energy conservation solutions, today announced the Company expects revenue for the fiscal year ending December 31, 2010 to be in the range of $27-30 million, a 33%-48% increase over revenue of $20.3 million for the fiscal year ended December 31, 2009.

Mr. Li Gang, Chairman and CEO of NF Energy commented, "We expect our business of energy-efficient flow control systems will continue to grow, benefiting from the installed capacity additions in power generation sectors as well as continued municipal constructions. Meanwhile, driven by the government's incentive policies to develop an energy saving industry in China, as an experienced energy service company ("ESCO"), we expect our business of energy saving and emission reduction services and projects is going to enter a fast track and a significant growth is foreseeable."

The above guidance is preliminary and actual published results may differ from such guidance.

About NF Energy Saving Corporation

Website: http://www.nfenergy.com

NF Energy Saving Corporation (OTCBB: NFEC) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. The current revenues are primarily from its energy saving flow control products. Headquartered in Shenyang city of China, the Company currently has 225 employees and several proprietary energy saving technologies and patents.

Safe Harbor Statement

This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

     Howard Gostfrand
     American Capital Ventures
     Tel:   +1-305-918-7000
     Email: [email protected]
     Web:   http://www.amcapventures.com

SOURCE NF Energy Saving Corporation

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