IRVINE, Calif., Nov. 19, 2007 (PRIME NEWSWIRE) -- "For emergent companies there is rarely news more important than that of increased profits and revenues, not just in the obvious benefit of a sustaining influx of capital to the company, but also in the implied value to existing and prospective shareholders," stated SmallCap Sentinel analyst D.R. Clark. "Clearly, a forecast that projects record revenues in the fiscal second quarter of $18.2 million compared to $7.9 million in the same period from the prior year, representing an increase of 129.4 percent is a strong affirmation of the company's business plan in a stock market where ideas and products are often plied without profit for years on end. An announcement confirming as much by New Oriental Energy & Chemical Corp. (Nasdaq:NOEC), a specialty chemical and emerging alternative fuel manufacturer in The People's Republic of China (PRC), should greatly intrigue investors in this industry and enthrall present shareholders."
A comprehensive report focusing on New Oriental Energy & Chemical Corp. and developments in Alternative Fuels and the Chemical Industry has been published by financial courier StockUpTicks.com and is available to the general public. The report will feature detailed information regarding NOEC and address information and companies related to alternative energy in China including ConocoPhillips (NYSE:COP), Chevron Corporation (NYSE:CVX), and PetroChina Co. ADS (NYSE:PTR).
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New Oriental Energy & Chemical Corp. is an emerging alternative fuel and specialty chemical manufacturer based in Henan Province, the People's Republic of China. New Oriental, which was incorporated in 2003 and is headquartered in Xinyang, China, is focused on the production of Dimethyl ether (DME), methanol and fertilizer products.
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