SHANGHAI, China, Dec. 17 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (OTC Bulletin Board: CGYV) ("CER"), a leader in the waste-heat recovery sector of the alternative energy industry, today announced that Roger Ballentine, a member of the company's Board of Directors and President of Green Strategies, Inc., appeared as a guest on CNN's "Energy Fix" with host Poppy Harlow. The segment focuses on the problems related to inefficient use of energy and thus the enormous market opportunity for energy efficiency solutions, and it mentions the company's leadership position in the Chinese energy efficiency sector that China is catching up with the developed countries.
Ballentine was the Chairman of the White House Climate Change Task Force under President Bill Clinton, and was also Deputy Assistant to the President for Environmental Initiatives. The interview will be archived on CNNMoney.com at: http://money.cnn.com/video/#/video/news/2008/12/09/news.energyfix.120908.cnnmoney for two years.
Roger Ballentine, Director and Chairman of the Compensation Committee
Roger Ballentine is the President of Green Strategies Inc., a consulting company that assists clients in the energy and environmental arena with domestic and international public policy matters, investment guidance in the "clean tech" marketplace, marketing and business development strategies, a position that he has held since February, 2001. Mr. Ballentine is also a Venture Partner with Arborview Capital LLC, a private equity firm focused on the clean technology market place, a position he has held since May, 2008. Additionally, Mr. Ballentine serves as both a Lecturer on Law at the Harvard Law School, teaching in the area of energy and climate policy, a position he has held since May, 2007, and as a Senior Fellow at the Progressive Policy Institute in Washington, D.C. Prior to holding these positions, from June 1999 to January 2001, Mr. Ballentine served under President Clinton as Chairman of the White House Climate Change Task Force and as Deputy Assistant to the President for Environmental Initiatives. Prior to being named Deputy Assistant to the President, from January 1998 to June 1999, Mr. Ballentine was Special Assistant to the President for Legislative Affairs, where he focused on energy and environmental issues. Mr. Ballentine is a graduate of the University of Connecticut and Harvard Law School, and is a member of the Connecticut, Washington, D.C. and the United States Supreme Court bars. Mr. Ballentine currently serves on the Board of directors of Environmental Power Corporation (NASDAQ: EPG), Perillon Software Inc., ENpartners Corp. and on the Advisory Boards of Stratos Renewables Corporation, Pure Biofuels Corporation and Safe Renewables Corporation. Mr. Ballentine is a founding Board Member of the American Council on Renewable Energy and serves on the Board of Directors of the Biomass Energy Resource Center and the International Fund for China's Environment.
What is Energy Recovery?
Industrial facilities and power plants release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable electricity, dramatically lowering energy costs. Energy recovery systems are also capable of capturing the majority of carbon emissions and other harmful pollutants that would otherwise be released into the environment. It is estimated that energy recovery systems installed in U.S. industrial facilities could produce up to 20% of U.S. electricity needs without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.
About China Energy Recovery, Inc.
CER is an international leader in energy recovery systems, with a primary focus on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as: Egypt, Korea, Vietnam, New Zealand and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, petro-chemicals, refining (including Ethanol refining), coke processing, and the manufacture of paper, cement and steel. CER continues to expand its recovery system research and fabrication facility to meet the increasing demands for its products and services both in China and internationally. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp. Information on CER's website does not comprise a part of this press release.
Forward-Looking Statement Disclaimer
This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond CER's control and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, and CER's ability to successfully complete construction of future projects. In addition, such statements could be affected by general industry and market conditions and growth rates, and general economic and political conditions in China. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's recent filings with the Securities and Exchange Commission, including CER's Current Report on Form 8-K filed on April 21, 2008, as amended. All forward-looking statements attributable to CER or any persons acting on CER's behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, all guidance and forward-looking statements in this press release are made as of the date hereof and CER is not obligated to and does not undertake any obligation to update any forecast or forward-looking statements, except as may be required by law.
For more information, please contact:
Media
Sean Mahoney
Tel: +1-310-867-0670
Email: seamah@gmail.com
Investor Relations
Jim Blackman
Tel: +1-713-256-0369
Email: jim@prfmonline.com
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