SHANGHAI, China, Dec. 16 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (OTC Bulletin Board: CGYV; "CER"), a leader in the waste heat energy recovery sector of the alternative energy industry, reported today that Roger Ballentine, a member of the company's Board of Directors and President of Green Strategies, Inc., was interviewed by a leading clean energy technology investment advisor, Dominic Frisby, on UK-based Commodity Watch Radio. Ballentine was the Chairman of the White House Climate Change Task Force under President Bill Clinton and was also Deputy Assistant to the President for Environmental Initiatives.
Frisby is a regular contributor to Money Week magazine, one of the UK's leading financial advisory publications, and is considered one of the nation's top clean-tech investment figures with a keen interest in the resources sector, in particular mining and energy stocks. Their discussion focused on China's clean energy initiative and the opportunity that effort is providing to the energy-efficiency specialty firms such as CER.
The interview can be found on the Commodity Watch Radio website ( http://commoditywatch.podbean.com/2008/12/13/roger-ballentine-of-china-energy-recovery/ ) and CER's website. It will also be posted on Poweralternatives.com ( http://www.poweralternatives.com ) for the week of December 15 - 19.
Roger Ballentine, Director and Chairman of the Compensation Committee
Roger Ballentine is the President of Green Strategies Inc., a consulting company that assists clients in the energy and environmental arena with domestic and international public policy matters, investment guidance in the "clean tech" marketplace, marketing and business development strategies, a position that he has held since February 2001. Mr. Ballentine is also a Venture Partner with Arborview Capital LLC, a private equity firm focused on the clean technology market place, a position he has held since May 2008. Additionally, Mr. Ballentine serves as both a Lecturer on Law at the Harvard Law School, teaching in the area of energy and climate policy, a position he has held since May 2007, and as a Senior Fellow at the Progressive Policy Institute in Washington, D.C. Prior to holding these positions, from June 1999 to January 2001, Mr. Ballentine served under President Clinton as Chairman of the White House Climate Change Task Force and as Deputy Assistant to the President for Environmental Initiatives. Prior to being named Deputy Assistant to the President, from January 1998 to June 1999, Mr. Ballentine was Special Assistant to the President for Legislative Affairs, where he focused on energy and environmental issues. Mr. Ballentine is a graduate of the University of Connecticut and Harvard Law School, and is a member of the Connecticut, Washington, D.C. and the United States Supreme Court bars. Mr. Ballentine currently serves on the Board of directors of Environmental Power Corporation (NASDAQ: EPG), Perillon Software Inc., ENpartners Corp. and on the Advisory Boards of Stratos Renewables Corporation, Pure Biofuels Corporation and Safe Renewables Corporation. Mr. Ballentine is a founding Board Member of the American Council on Renewable Energy and serves on the Board of Directors of the Biomass Energy Resource Center and the International Fund for China's Environment.
About Commodity Watch Radio
Commodity Watch Radio (CWR) is an internet radio show, or podcast, hosted and produced by Dominic Frisby, in which expert guests and companies discuss the commodities markets. It is run in association with minesite.com.
What is Waste Heat Energy Recovery?
Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.
About China Energy Recovery, Inc.
CER is an international leader in energy recovery systems, with a primary focus on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Turkey, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, petro-chemicals, refining (including Ethanol refining), coke processing, and the manufacture of paper, cement and steel. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp. Information on CER's website does not comprise a part of this press release.
Forward-Looking Statement Disclaimer
This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the SEC, including CER's Current Report on Form 8-K filed with the Securities and Exchange Commission on April 21, 2008.
For more information, please contact:
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Sean Mahoney
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Jim Blackman
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Email: jim@prfmonline.com
