Nf Energy Saving (NASDAQ:NFEC)

SHENYANG, China, March 2, 2011 /PRNewswire-Asia/ -- NF Energy Saving Corporation today announced that it has filed a universal shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission ("SEC") for potential future financing.

"We do not have any immediate plans to offer or sell our securities under the registration statement," said Mr. Gang Li, Chairman and Chief Executive Officer of NF Energy. "However, the Board of Directors agreed that having a shelf registration in place was valuable for financial flexibility, given the opportunities for potentially high return capital projects that may be presented to us, including capacity expansion, development of low-carbon technologies and co-investments in energy-saving projects."

The shelf registration statement, when declared effective by the SEC, would give NFEC the ability to offer and sell up to $6,000,000 of its securities consisting of common stock, preferred stock, warrants, units or a combination thereof. The terms of any offering under the shelf registration statement would be established at the time of such offering and will be described in a prospectus supplement filed with the SEC prior to completion of any offering.