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China Recycling Energy Corp. Schedules First Quarter 2010 Results Conference Call

XI'AN, China, May 10, 2010 /PRNewswire via COMTEX/ -- China Recycling Energy Corp. (Nasdaq: CREG or the "Company"), a leading industrial waste-to-energy solution provider in China, today announced that it will hold a conference call with investors on Thursday, May 13, 2010 at 10:00 a.m. EDT to discuss the Company's first quarter 2010 financial results.

The dial-in numbers for the live audio call beginning at 10:00 a.m. EDT on Thursday, May 13, 2010 is (877) 407-0784 for domestic and (201) 689-8560 for international. Both parties should reference conference ID 350261.

A replay of the call will be available 2 hours following the call through midnight EDT on Thursday, May 20, 2010 by telephone at (877) 660-6853 for domestic and (201) 612-7415 for international. To access the replay, both parties should reference account 3055 and conference ID 350261.

About China Recycling Energy Corp.

China Recycling Energy Corp. (NASDAQ: 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 the SEC's 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: +86-29-8765-1097 Email: tch@creg-cn.com In USA: Mr. Howard Gostfrand American Capital Ventures, Inc.

Tel: +1-305-918-7000 Email: hg@amcapventures.com SOURCE China Recycling Energy Corp.

www.prnewswire.com Copyright (C) 2010 PR Newswire. All rights reserved -0- KEYWORD: China INDUSTRY KEYWORD: ENV

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