Sancon Resources Recovery (PINK:SRRY)

SHANGHAI, CHINA--(Marketwire - April 11, 2011) -  Sancon Resources Recovery, Inc. announced today that it has entered into an acquisition agreement with a profitable Beijing environmental services company.

On March 25, 2011, Sancon signed a letter of intent with Beijing JDY Environmental Recycling Co., Ltd. (or "Beijing JDY"), under which Sancon's majority owned subsidiary Sancon Shanghai will acquire 51% equity of Beijing JDY. Sancon management believes this acquisition will contribute over US$15M revenue annually with healthy future growth projections