China Industrial Waste Management Engages Pryor Cashman LLP as Legal Counsel

DALIAN, China, Jan. 3, 2011 /PRNewswire-Asia/ -- China Industrial Waste Management, Inc. (OTC Bulletin Board: CIWT) ("China Industrial Waste Management", the "Company" or "us"), a leading environmental services and solutions provider in China, today announced that it has engaged Pryor Cashman LLP ("Pryor Cashman" or the "Firm") as the Company's outside legal counsel for its corporate and securities matters.

"China Industrial Waste Management's profile in the U.S. capital markets continues to increase along with the growth of our business, and we are pleased to have engaged Pryor Cashman, a highly respected law firm serving a broad base of national and international clients, to help us take the Company to the next level," said Mr. Jason Dong, Chairman and Chief Executive Officer.  "This move is also in-line with our previously stated goal of listing our common stock on a major U.S. exchange.  Pryor Cashman has served as legal counsel for many prominent enterprises and has significant experience working with small-cap companies in this regard. We look forward to a productive relationship."  

About China Industrial Waste Management

China Industrial Waste Management is a leading environmental services and solutions provider in China.  The Company is based in Dalian, Liaoning Province, and has been engaged in the industrial solid waste treatment business since 1991.  Today, the Company is the largest industrial solid waste management enterprise in northeast China.  China Industrial Waste Management's main businesses are industrial waste treatment and recycling, municipal sludge treatment, municipal sewage treatment, and environmental protection engineering.  For more information, please visit the Company's website (www.chinaciwt.com).

About Pryor Cashman

Pryor Cashman (www.pryorcashman.com) is a premier, mid-sized law firm founded in 1963 with over 120 attorneys based in New York City.  The Firm has 15 different practice groups encompassing 90 different practice areas.  Pryor Cashman is a full-service firm uniquely equipped to provide legal advice and offer practical solutions to China-based companies seeking to conduct business in the U.S. or to access the U.S. capital markets. In order to serve the legal needs of its China-based clients, the Firm's China Practice brings together the expertise and capabilities of various practice groups, such as Corporate, Litigation, Real Estate, Tax and Banking, and includes attorneys versed in Chinese culture and language.  

Cautionary Statement Regarding Forward-Looking Information

This release may include "forward-looking statements." You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain such words as "may," "project," "might," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or the negative or other variations thereof or comparable terminology. These forward-looking statements are based on current expectations and projections about future events. Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified and, consequently, our actual performance may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the following factors, as well as other factors described from time to time in our reports filed with the Securities and Exchange Commission: the timing and magnitude of technological advances; the prospects for future acquisitions; the effects of political, economic and social uncertainties regarding the governmental, economic and political circumstances in the People's Republic of China, the possibility that a current customer could be acquired or otherwise be affected by a future event that would diminish their waste management requirements; the competition in the waste management industry and the impact of such competition on pricing, revenues and margins; uncertainties surrounding budget reductions or changes in funding priorities of existing government programs and the cost of attracting and retaining highly skilled personnel; our projected sales, profitability, and cash flows; our growth strategies; anticipated trends in our industries; our future financing plans; and our anticipated needs for working capital. Forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

SOURCE China Industrial Waste Management, Inc.

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