updated 6/15/2011 9:46:41 AM ET 2011-06-15T13:46:41

HONG KONG, June 15, 2011 (GLOBE NEWSWIRE) -- Sino Fibre Communications, Inc. (Pink Sheets:SFBE), announced today that it has signed a sales contract via its Dalian Xinbao Biomass Co., ("DBX") subsidiary for 15 Biomass Machines for US$25 million to Europe.

DXB also signed a sales contract to sell five anaerobic combustion gas generating system machines to Cyprus. The five sets of machines will use (refuse derived fuel) "RDF" produced from the olive oil extraction process and generate power through gas which can handle 12 tons per day per unit producing 264,000 cubic meters of biomass gas.

Through this system of five machines, it can generate 5,000 kw/hour of power at a total annual power generation of 43,800,000 kw, and can replace the use of 26,000 tons per year of standard coal and eliminate the carbon emissions derived thereof.

Further, a Letter of Intent has been executed for ten sets of Biomass Machines ordered from Greece. Each machine is of medium size with a capacity at 2,200 cubic meters of biomass gas per hour.

The 15 sets of anaerobic gas power generation systems can save up to 78,000 tons of standard coal, which is equivalent to the reduction of carbon emissions. Through the utilization of olive residue, a by-product obtained from the olive oil extraction process, it can solve the problem of olive oil residue waste disposal and convert it into renewable energy and thus into power generation. The production capacity of the factory is 100 sets of machines per year, representing a sales value of approximately USD 200 million.

Daniel McKinney, CEO of Sino Fibre, commented; "This sale vindicates the recent acquisition of DBX and the revenue will provide a strong foundation for SFBE. It also demonstrates the execution of our business plan and the cutting edge direction for our biomass energy and business opportunity."

The Company is working towards getting the financials and SEC filings current.

About Sino Fibre Communications, Inc.

Established in May 2005, Sino Fibre Communications, Inc. is a Nevada Corporation.

Please see our websites at: www.sinobioenergy.com and our 60% owned subsidiary: www.xinbaobiomass.com

The Sino Fibre Communications Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4102

This press release contains forward-looking statements based on management's expectations and beliefs, and 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. Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.

CONTACT:  Investor Relations:
          Dennis Burns
          Tel: 419-951-4842
          denny@nvestrain.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 5.11%
$30K home equity loan FICO 5.19%
$75K home equity loan FICO 4.65%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.36%
13.34%
Cash Back Cards 17.84%
17.82%
Rewards Cards 17.09%
17.07%
Source: Bankrate.com