China Recycling Energy Corp. Retains Sarbanes-Oxley Section 404 Consultant

XI'AN, China, Sept. 2 /Xinhua-PRNewswire-FirstCall/ -- China Recycling
Energy Corp. (OTC Bulletin Board: CREG) ("CREG" or "the Company"), a leading
industrial waste-to-energy solution provider in China, today announced it has
retained SEC AuditPrep Limited ("SEC AuditPrep") to provide consulting
services related to the Company's Sarbanes-Oxley Section 404 ("SOX 404")
compliance efforts, effective immediately.
"Working with professionals to comply with SOX 404 will help ensure CREG
meet the appropriate standards for financial reporting," said Mr. Guangyu Wu,
CEO of CREG. "SEC AuditPrep will provide us with independent internal control
risk consulting. We are privileged to use their knowledge of finance and
accounting and we are committed to establishing and maintaining an effective
system of compliance with applicable SEC regulations and SOX 404 rules."
SEC AuditPrep is a Corporate Financial Services Company based both in Hong
Kong and the United States. It provides clients with SOX 404 Compliance,
Financial Reporting Process, SEC Regulatory Reporting and Financial Advisory
Services. Its clients are mainly U.S.-listed Chinese companies.
About China Recycling Energy Corp.
China Recycling Energy Corp. (OTC Bulletin Board: CREG) ("CREG" or "the
Company") is based in Xi'an, China and provides environmentally friendly
waste-to-energy technologies to recycle industrial byproducts for steel mills,
cement factories and coke plants in China. Byproducts include heat, steam,
pressure, and exhaust to generate large amounts of lower-cost electricity and
reduce the need for outside electrical sources. The Chinese government has
adopted policies to encourage the use of recycling technologies to optimize
resource allocation and reduce pollution. Currently, recycled energy
represents only an estimated 1% of total energy consumption and this renewable
energy resource is viewed as a growth market due to intensified environmental
concerns and rising energy costs as the Chinese economy continues to expand.
The management and engineering teams have over 20 years of experience in
industrial energy recovery in China.
For more information about CREG, please visit http://www.creg-cn.com .
Safe Harbor Statement
This press release may contain certain "forward-looking statements"
relating to the business of China Recycling Energy Corp. and its subsidiary
companies. All statements, other than statements of historical fact included
herein are "forward-looking statements". These forward-looking statements are
often identified by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks and
uncertainties. Although the Company believes that the expectations reflected
in these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may prove to be
incorrect. Investors should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. The
Company's actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of factors,
including those discussed in the Company's periodic reports that are filed
with the Securities and Exchange Commission and available on its website at
http://www.sec.gov . All forward-looking statements attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:

In China:
Mr. Leo Wu
Investor Relations
China Recycling Energy Corp.
Tel: +86-29-8765-1096
Email: tch@creg-cn.com

In the U.S.:
Mr. Valentine Ding
Investor Relations
Grayling Global
Tel: +1-646-284-9412
Email: vding@hfgcg.com

SOURCE China Recycling Energy Corp.

In China: Mr. Leo Wu, Investor Relations, China Recycling Energy Corp. at
+86-29-8765-1096 or tch@creg-cn.com; Or, In the U.S.: Mr. Valentine Ding,
Investor Relations, Grayling Global at +1-646-284-9412 or vding@hfgcg.com