updated 11/4/2010 10:16:27 AM ET 2010-11-04T14:16:27

HONG KONG, Nov. 4, 2010 (GLOBE NEWSWIRE) -- Sino Fibre Communications, Inc. "SFBE" (OTCBB:SFBE), today confirmed its appointment of Gilbert Loke as Chief Financial Officer of the Company.

Gilbert Loke, age 55, was trained and qualified with Hacker Young, Chartered Accountants, one of the largest accounting firms based in London, U.K. between 1980 and 1988. He moved to Hong Kong in 1990 and is currently a Managing Director of Falcon Certified Public Accountants Limited, a firm registered with the Hong Kong Institute of Certified Public Accountants. Gilbert earned his MBA from Bulacan State University, Philippines.

His other professional qualifications as follows:

  • Fellow of The Association of Chartered Certified Accountants - UK
  • Fellow of The Association of International Accountants - UK
  • Fellow of the Hong Kong Institute of Certified Public Accountants (Practicing)
  • Associate Member of The Taxation Institute of Hong Kong
  • Certified Financial Planner - Malaysia
  • Associate Member of The Hong Kong Institute of Chartered Secretaries
  • Master of Business Administration, - Philippines

Daniel McKinney, CEO of Sino Fibre, commented; "I am most pleased that Gilbert has joined our senior management team. His thirty years of accountant experience and knowledge will be essential for the Company's goal to list on a senior exchange in 2011."

As reported on October 15, 2010, SFBE acquired 50.1% of Europe-China Commercial Union Holdings Ltd "ECL" for US$100 million on October 15th. ECL indirectly holds a 70% interest in approximately 70 sq. kilometers of leased land in Inner Mongolia Province, China.

About Sino Fibre Communications, Inc.

Established in May 2005, Sino Fibre Communications, Inc. is a Nevada Corporation with businesses targeted in the high growth sector of bio-energy, bio-diesel, wind and solar farms in Inner Mongolia, China. The company name will be changed to Sino Bio-energy Corp. Please see:  www.sinobioenergy.com

This press release contains forward-looking statements based on management's expectations and beliefs, and involve risks and uncertainties which may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Actual results may differ materially from those described in forward-looking statements and therefore readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.

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