Sino Bioenergy Reports Record Quarterly Revenues
14 November 2013 - 2:57PM
Sino Bioenergy Corp. (OTC Pink:SFBE) (Borse Berlin:3SF) today
announced record quarterly sales and profit for the quarter ending
September 30, 2013.
SFBE had revenues of US$6,044,539 and a net profit of US$201,427
for the quarter. Our 55% owned subsidiary, Huizhou Shi Ji Wu Feng
Agricultural Biotechnology Co. Ltd., ("HB") successfully harvested
at end of September two cultivated rice plantations. The
cultivation bases are located at Huizhou and one at Jiangsu in
China.
Daniel Mckinney, CEO commented, "we are pleased with our
performance and sales growth this quarter and look forward to a
full year profit for 2013."
The Company targets to double sales revenue next year in 2014 by
expanding its rice cultivation bases in China and overseas and via
rice seed sales.
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.
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 Fully diluted shares outstanding: 711,915,750
as of November 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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