China Industrial Waste Management, Inc. Receives National Subsidy of RMB 10 Million...

China Industrial Waste Management, Inc. Receives National Subsidy of RMB 10
Million for Capacity Expansion

DALIAN, China, July 30 /PRNewswire-Asia/ -- China Industrial Waste
Management, Inc. (OTC Bulletin Board: CIWT) ("China Industrial Waste
Management" or the "Company"), a PRC-based industrial waste processor and
provider of environmental protection, pollution treatment and waste management
design services, announced today that its 90% owned subsidiary, Dalian Dongtai
Industrial Waste Treatment, Co., Ltd. has received a national subsidy of RMB
10 million (approximately $1,464,129) for capacity expansion to complete a
"Centralized Hazardous Waste Treatment Facility" (the "Expansion Project") in
Dalian, Liaoning Province, China.
As previously disclosed, Dalian Dongtai Industrial Waste Treatment, Co.,
Ltd. started the construction of the Expansion Project in July 2008. The total
investment for the Expansion Project was estimated at RMB 110 million (about
US $16 million), 30 percent of which (approximately $4,831,625) will be
subsidized by the central government. RMB 10 million has been released to the
Company and the rest will be disbursed in accordance with construction
progress. The construction of the incineration plant which has an annual
capacity of 9,000 tons is under construction and the Company completed the
incineration workshop in January 2009. The new incinerator is specially
equipped with a tail gas cleansing system and an online monitoring system in
order to ensure all emissions are in compliance with environmental standards.
In addition, the Expansion Project will include capacity expansion of a
hazardous waste landfill, an industrial effluent treatment system and an
organic solvent recycling system. The Expansion Project will also be equipped
with a new research & development center.
"We are pleased to receive the national subsidy for our capacity expansion
in Dalian," said Mr. Jinqing Dong, the Company's Chief Executive Officer.
"Once we fully ramp-up, the Expansion Project will provide twice the capacity
as that of the current plant, and the Expansion Project will centralize
hazardous waste treatment processes, increasing our operational efficiency."
The current Expansion Project is one of fifty-five hazardous waste
treatment centers subsidized by the central government and one of two centers
in Liaoning province. Management expects to complete the construction of the
remaining storage and processing facilities during the fourth quarter of 2009.
About China Industrial Waste Management, Inc.
China Industrial Waste Management, Inc. is engaged in the collection,
treatment, disposal and recycling of industrial wastes principally in Dalian
and surrounding areas in Liaoning Province, People's Republic of China through
its 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd.
("Dongtai") and other indirect subsidiaries. Dongtai treats, disposes of
and/or recycles many types of industrial wastes, and recycled waste products
used by customers as raw material to produce chemical and metallurgy products.
In addition, Dongtai treats or disposes of industrial waste through
incineration, burial or water treatment, and provides environmental protection
services, technology consultation, pollution treatment services, waste
management design processing services, waste disposal solutions, waste
transportation services, onsite waste management services, and environmental
pollution remediation services. For more information, please visit:
http://www.chinaciwt.com .
Cautionary Statement Regarding Forward-Looking Information
This release may include "forward-looking statements." You can identify
these statements by the fact that they do not relate strictly to historical or
current facts. These statements contain such words as "may," "project,"
"might," "expect," "believe," "anticipate," "intend," "could," "would,"
"estimate," or the negative or other variations thereof or comparable
terminology. These forward-looking statements are based on current
expectations and projections about future events. Investors are cautioned that
forward-looking statements are not guarantees of future performance or results
and involve risks and uncertainties that cannot be predicted or quantified
and,
consequently, our actual performance may differ materially from those
expressed or implied by such forward-looking statements. Such risks and
uncertainties include, but are not limited to, the following factors, as well
as other factors described from time to time in our reports filed with the
Securities and Exchange Commission: the timing and magnitude of technological
advances; the prospects for future acquisitions; the effects of political,
economic and social uncertainties regarding the governmental, economic and
political circumstances in the People's Republic of China, the possibility
that a current customer could be acquired or otherwise be affected by a future
event that would diminish their waste management requirements; the competition
in the waste management industry and the impact of such competition on
pricing,
revenues and margins; uncertainties surrounding budget reductions or changes
in funding priorities of existing government programs and the cost of
attracting and retaining highly skilled personnel; our projected sales,
profitability, and cash flows; our growth strategies; anticipated trends in
our industries; our future financing plans; and our anticipated needs for
working capital. Forward-looking statements speak only as of the date on which
they are made, and, except to the extent required by federal securities laws,
we undertake no obligation to update any forward-looking statement to reflect
events or circumstances after the date on which the statement is made or to
reflect the occurrence of unanticipated events.
For more information, please contact:

Ms. Guo Xin, CFO
Tel: +86-411-8581-1229
Email: hellenguo@chinaciwt.com

Mr. Zhang Dazhi, Company Secretary
Tel: +86-411-8259-5339
Email: darcy.zhang@chinaciwt.com
Web: http://www.chinaciwt.com

CCG Investor Relations:

Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com or

Mr. Gary Chin
Tel +1-646-213-1909
Web: http://www.ccgirasia.com

SOURCE China Industrial Waste Management, Inc.

Guo Xin, CFO at +86-411-8581-1229 or hellenguo@chinaciwt.com; Zhang Dazhi,
Company Secretary at +86-411-8259-5339 or darcy.zhang@chinaciwt.com; Or at CCG
Investor Relations: Crocker Coulson, President at +1-646-213-1915 or
crocker.coulson@ccgir.com; Gary Chin at +1-646-213-1909