-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SwfqeevRhAAZZL5wu/R5YZva1/kCnvCxxpJbxZAWWrj5W4VE30B1gIN7jf7+HScx 6u+m1/PJL7WHyt3FSVEDGw== 0001144204-07-020446.txt : 20070425 0001144204-07-020446.hdr.sgml : 20070425 20070424194147 ACCESSION NUMBER: 0001144204-07-020446 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070420 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070425 DATE AS OF CHANGE: 20070424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sinoenergy CORP CENTRAL INDEX KEY: 0001107563 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL TRUCKS TRACTORS TRAILERS & STACKERS [3537] IRS NUMBER: 841491682 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30017 FILM NUMBER: 07785834 BUSINESS ADDRESS: STREET 1: PO BOX 461029 CITY: GLENDALE STATE: CO ZIP: 80246 BUSINESS PHONE: 3033941187 MAIL ADDRESS: STREET 1: PO BOX 461029 CITY: GLENDALE STATE: CO ZIP: 80246 FORMER COMPANY: FORMER CONFORMED NAME: Sinoenergy DATE OF NAME CHANGE: 20061003 FORMER COMPANY: FORMER CONFORMED NAME: FRANKLYN RESOURCES III INC DATE OF NAME CHANGE: 20000223 8-K 1 v072486_8k.htm
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 20, 2007


Sinoenergy Corporation
(Exact name of registrant as specified in its charter)

Nevada
0-30017
84-1491682
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

234-5149 Country Hills Blvd. NW; Suite 429, Calgary, Alberta, Canada T3A 5K8
(Address of principal executive offices)

Registrant’s telephone number, including area code:
(832) 274-3766
   
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ]    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

Item 8.01 Other Events
 
On April 20, 2007, Sinoenergy Corporation (the “Company”) issued a press release announcing guidance for new revenue and income from operations for 2007. A copy of the press release is attached hereto as Exhibit 99.1.
 
 
Exhibits
 
99.1
Press Release, dated April 20, 2007

 

 
 
 

 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
      SINOENERGY CORPORATION
 
 
 
(Registrant)
     
Date: April 23, 2007
 
 
/s/ Qiong (Laby) Wu                                                 
 
 
 
Qiong (Laby) Wu, Chief Financial Officer
 
 
 
 
EX-99.1 2 v072486_ex99-1.htm
Exhibit 99.1
 
   
For Immediate Release
 
   
Contact:
 
   
Sinoenergy Corporation
CCG Elite Investor Relations Inc.
   
Ms. Laby Wu, CFO
Mr. Crocker Coulson, President
   
Phone: +86-10-8492-8149
Email: labywu@gmail.com
Phone: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
 
Sinoenergy Inc. Provides 2007 Guidance
 

§ 2007 revenues expected to grow to $30.0-$32.0 million
§ 2007 income from operations expected to grow to $9.0-$10.0 million

QINGDAO, April 20, 2007--Sinoenergy Corporation (OTC Bulletin Board: SNEN), (“Sinoenergy” or the “Company”), a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment and a designer, developer and builder of CNG stations, as well as a company authorized to operate CNG filling stations in China announced guidance for new revenue and income from operations for 2007.
 
For 2007, Sinoenergy expects to generate net revenue in the range of $30.0-$32.0 million, an increase of more than 140% from 2006 net revenue of $12.4 million. Income from operations is expected to be in the range of $9.0 to $10.0 million, as compared with income from operations of $4.2 million in 2006. Revenue and profit growth will be driven by the proposed launch of 20 CNG filling stations in the second half of 2007, along with the introduction of the marketing of our conversion kits which enable owners of gasoline-powered vehicles to use CNG. We expect that net revenue of $17-$18 million will be generated from our CNG filling stations, CNG vehicle conversion kits and our CNG-related business, and $13 to $14 million will be contributed by the traditional manufacturing segment.
 
Commenting on Sinoenergy's 2007 outlook, Mr. Bo Huang, Sinoenergy's Chief Executive Officer, said, “During the first quarter of 2007, Sinoenergy has made significant progress in expanding our presence in the CNG vehicle market in China, and experienced strong contract awards for conversion kits, CNG infrastructure, and non-standard pressurized containers. We believe that our 2007 results can benefit from the development of our new CNG business, the introduction and marketing of CNG vehicle conversion kits and the continued internal growth of our traditional non-standard pressure container business. Our net income will be affected by the extent that we have to borrow to expand our business and the terms of any borrowings or other financings as well as the availability of a tax holiday relating to a significant portion of our business”
 
 
 

 
“We believe we are well positioned to participate in the expected rapid growth of the CNG-powered vehicle market in China, with the right strategies and a management team with extensive industry experience that can continue the successful execution of Sinoenergy's business plan. However, this guidance is based on such factors as our ability to continue to generate business, our access to the necessary capital to expand our business and the continued expansion and development of both the CNG business in the PRC and the economy of the PRC as a whole,” Mr. Huang concluded.
 
About Sinoenergy:
 
Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment as well as a designer, developer and builder of CNG stations in China. In addition to its CNG related products, the Company also manufactures a wide variety of pressure containers for use in different industries, including the design and manufacture of various types of pressure containers in the petroleum and chemical industries, the metallurgy and electricity generation industries and the food and brewery industries.
 
Safe Harbor Statement
 
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, that are subject to a range of risks and uncertainties, including but not limited to, the Company’s ability to raise additional capital to finance the Company’s activities; the effectiveness, profitability, and the marketability of its products; legal and regulatory risks associated with the share exchange; the future trading of the common stock of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company’s ability to protect its proprietary information; general economic and business conditions; the volatility of the Company’s operating results and financial condition; the Company’s ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company’s filings with the Securities and Exchange Commission, including those described in “Risk Factors” and “Management’s Discussion and Analysis of Financial Conditions and Results of Operations” in the Company’s Form 10-KSB for the year ended December 31, 2006. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
 
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