Sino Clean Energy (SCEI) Re-Confirms FY11 Outlook, Major Customer to Resume Operations

Sino Clean Energy, Inc. (Nasdaq: SCEI), reconfirmed its fiscal 2011 guidance and expected revenue of between $101.5 million and $110.7 million. The Company announced on the same day that its major customer, Shenyang Haizhong Heating, has completed pipeline modifications and is expected to resume operations in October as scheduled. Sino Clean Energy's Shenyang facility is prepared to produce CWSF to supply this key customer according to its expected ramp up in demand.

Sino Clean Energy also provided additional updates about Foshan Nan Hai acquisition, third-party asset evaluation, and lawsuit against Alfred Little.

In regards to its planned Foshan Nan Hai acquisition, Sino Clean Energy has engaged Shaanxi Rongde Law Firm to conduct a comprehensive investigation and evaluation of Foshan Nan Hai's assets, ownership structure, liabilities, and credit worthiness.

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