Sino Bioenergy Updates Shareholders on Rice Harvest
22 Juli 2013 - 2:30PM
Sino Bioenergy Corp. (OTC Pink:SFBE) (Borse Berlin:3SF) today
updated its shareholders on its current rice harvest and Cambodian
MOU.
As previously reported, the company leased (660 hectares)
farmland in Huizhou, China where we planted our super rice and now
have started harvesting. We anticipate Q3 sales of US$3.25 million
and over US$1 million net profit.
Further, the Company has allowed the Memorandum of Understanding
"MOU" to expire that was previously announced on April 11,
2013. The Company will pursue other potential joint venture
rice growing opportunities in Cambodia and Thailand with other
parties. Our team visited Cambodia in mid June to carry out site
visits and take soil samples.
SFBE's super rice seeds are disease resistant, high yielding
genetically improved rice with the hybridization rice grain length
increased by 25% over normal rice. It produces lower chalky
rice with a 23% weigh gain and 10% grain number increase. Further,
with our seeds and organic fertilizer, three or four rice harvests
are achievable per year instead of the usual two harvests per year
using conventional rice seeds and up to 400% more productive using
our complete system. The super seeds are produced in our HB
laboratories.
SFBE is current reporting on the OTC Alternative Reporting
Standard and management is now in preparation to file its second
quarter results on or before August 15, 2013.
About Sino Bioenergy Corp.
Established in May 2005, Sino Bioenergy Corp. is a Nevada
Corporation that trades on the OTC Pink (symbol: SFBE) and Bourse
Berlin Exchange (symbol: 3SF). Please see our websites at:
www.sinobioenergy.com. Total shares outstanding: 711,915,750 as of
July 1, 2013.
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: 567-237-4132
nvestrain@gmail.com
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