updated 3/17/2011 1:18:12 PM ET 2011-03-17T17:18:12

DENVER, March 17, 2011 (GLOBE NEWSWIRE) -- Dyer & Berens LLP ( www.DyerBerens.com ) announced today its continuing investigation concerning losses suffered by certain ShengdaTech, Inc. investors (Nasdaq:SDTH).

The law firm's investigation concerns allegations that certain statements issued by the company regarding its business, operations and financial condition were false and misleading. Specifically, the investigation is related to the company's March 15, 2011 announcement that it would not timely file its annual report for the year ended December 31, 2010 and that it had initiated an internal investigation concerning "potentially serious discrepancies and unexplained issues relating to the Company and its subsidiaries' financial records identified by the Company's auditors."

If you purchased ShengdaTech common stock between March 15, 2010 and March 15, 2011, or if you have information relevant to the investigation, you may contact Jeffrey A. Berens, Esq. at (888) 300-3362 x302 or via email at jeff@dyerberens.com.

The law firm of Dyer & Berens LLP focuses on complex litigation on behalf of injured investors throughout the nation. For more information about the firm, please go to www.DyerBerens.com.

CONTACT: Jeffrey A. Berens, Esq.
         Dyer & Berens LLP
         303 East 17th Avenue, Suite 300
         Denver, CO  80203
         Tel: (888) 300-3362 x302
         Email: jeff@dyerberens.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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