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SINOTECH ENERGY LIMI (GREY:CTESY)

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Monday, April 23, 2012

Investor Alert

The Securities and Exchange Commission's civil suit, filed in a U.S. district court in Louisiana, alleges that SinoTech Chief Executive Officer Guoqiang Xin and former Chief Financial Officer Boxun Zhang were responsible for the alleged fraud.

The SEC also charged the company's chairman, Qinzeng Liu, saying that he stole $40 million from a SinoTech bank account.

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Friday, December 23, 2011

Comments & Business Outlook

Total sales for the full fiscal year 2011, based on unaudited management accounts for the fiscal year ended September 30, 2011...

BEIJING, Dec. 23, 2011 (GLOBE NEWSWIRE) -- SinoTech Energy Limited (Pink Sheets:CTESY) ("SinoTech" or the "Company"), a provider of enhanced oil recovery ("EOR") services in China, announced today that based on unaudited management accounts for the fiscal year ended September 30, 2011, the total sales for the full fiscal year 2011 were approximately US$110 million, which falls within the range of the previous sales guidance between US$108 million and US$112 million as announced on August 4, 2011.

The Company also announced that it experienced a recent accident in December that disabled one of its LHD units. No personnel were injured in the incident. The Company is working with the insurance company to investigate the accident and will provide update in due course. Currently the Company has 10 LHD units in operation across China. To ensure production safety and operational continuity, the Company is currently conducting a company-wide maintenance inspection for all the operational LHD units.

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