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China Evergreen Announces Completion of Water Treatment Project.


GUANGZHOU, China -- China Evergreen evergreen, term commonly used as synonymous with conifer and applied also to all those broad-leaved plants that bear green leaves throughout the year. Of the latter, most are plants of the tropics, subtropics, and other areas where the growing season is prolonged (e.  Environmental Corp (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CEEC CEEC Central and Eastern European Country
CEEC College Entrance Examination Center
CEEC Comité Européen pour l'Enseignement Catholique (Belgium)
CEEC Commerce and Engineering Environmental Conference
) ("the Company") today announced the completion of a 20,000 tonne/day municipal waste water treatment facility in Beijing, the capital city of the People's Republic People's Republic
n.
A political organization founded and controlled by a national Communist party.
 of China ("PRC"). The project, contracted on a build-operate-transfer ("BOT") basis was completed, within cost parameters, at a total investment of $2.5 million and will generate average revenue of approximately $665,000 per annum Per annum

Yearly.
 over the total project life of 25 years. Within the next few years, it is anticipated that the facility will expand to treat 40,000 tonne/day.

In announcing completion of the project, Mr Pu Chongliang, Chairman of CEEC commented, "I am pleased to announce the completion of the Beijing project. In recent years, due to economic growth and the high levels of urbanization, municipalities in China are facing pressures to accelerate the treatment of waste water. The government's commitment to clean up the environment has made tremendous opportunities for CEEC. The Company has consolidated its position as one of China's leading environmental technology groups and stands to benefit from this growth." Mr Pu continued, "In addition, the Company currently has a pipeline of more than ten BOT, transfer-operate-transfer ("TOT") and turnkey See turnkey system.  projects and has entered into two arrangements to acquire existing BOT projects."

"Given our plans to acquire more BOT and TOT facilities in 2007, we expect these acquisitions to enhance future earnings. We are confident that our historically strong financial performance will be continued in the coming year," he concluded.

About China Evergreen Environmental Corporation

China Evergreen Environmental Corporation is a leading designer, engineer and developer of waste water treatment facilities in China. With its proprietary technology resources and project management experience, the Company provides both turn-key and BOT (build-operate-transfer) services to a range of industrial companies and municipalities throughout China. The Company also makes sales of its proprietary GM Bio-carriers, a natural, chemical-free process that improves the efficiency of the waste water treatment process.

The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995 provides a safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 for forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements in this document that are not purely historical are forward-looking statements, including any statements as to the acquisition, beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections includes, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:9CHIN
Date:Sep 6, 2006
Words:488
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