updated 3/1/2011 9:16:05 AM ET 2011-03-01T14:16:05

NEW YORK and JIANGSU, China, March 1, 2011 (GLOBE NEWSWIRE) -- China Green Energy Industries, Inc. (OTCBB:CGRE), a leading manufacturer and distributor of high tech and environmentally friendly consumer products, today announced that it will present at the Rodman & Renshaw Annual Global Investment Conference taking place in Shanghai, China from March 6 – 8, 2011. The company is scheduled to present on Tuesday, March 8, 2011 at 4:30 p.m. Beijing Time.

The presentation will be broadcast live via the internet. The broadcast will include slides and an audio webcast, which can be accessed from the investor relations section of the company's website: www.chinagei.com . The replay will be available within one hour of the live presentation and will remain available for 90 days following the conference.

About Rodman & Renshaw

Rodman & Renshaw is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Rodman also provides research and sales and trading services to institutional investors. Rodman is the leader in the PIPE (private investment in public equity) and RD (registered direct offering) transaction markets. Rodman has been ranked the #1 Placement Agent in terms of the aggregate number of PIPE and RD financing transactions completed every year since 2005 and 2009 year-to-date.

About China Green Energy Industries

China Green Energy Industries is a leading manufacturer and distributor of high tech and environmentally-friendly consumer products. The company has three main product lines: light weight electric vehicles (LEV), cryogen-free refrigerators, and network/HDMI cables. It has well-established sales channels in China, with significant exports to Europe. China Green Energy Industries manufactures and distributes its own products under the brand name "Best," and also sells its product under private label to leading OEMs and Fortune 500 companies such as Wal-Mart, Carrefour, Home Depot, Ford, Pepsi, Coca-Cola, Carlsberg, Disney, etc. Additional information about the company is available at: www.chinagei.com .

This press release may contain statements that constitute "forward looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. The words "may," "will," "expect," "anticipate," "continue," "estimate," "project," "intend," and similar expressions are intended to identify forward-looking statements. These statements appear in a number of places in this document and include statements regarding the intent, belief or expectation of the company, its directors or its officers with respect to events, conditions, and financial trends that may affect future plans of operations, business strategy, operating results, and financial position. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties and that actual results may differ materially from those included within the forward-looking statements as a result of various factors. These risks and uncertainties include, but are not limited to, the factors mentioned in the "Risk Factors" section of the company's Current Report on Form 8-K filed on June 11, 2010, and other risks mentioned in this press release or in our other reports filed with the Securities and Exchange Commission (the "SEC") since the filing date of the Registration Statement. Although these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the company's current judgment regarding the direction of the business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by law, the company undertakes no responsibility or obligation to update publicly these forward-looking statements, but may do so in the future in written or oral statements.

CONTACT: Crescendo Communications, LLC
         David Waldman, Vivian Huo or Klea Theoharis
         Tel: (212) 671-1020
         E-mail: cgre@crescendo-ir.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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