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NF Energy Saving Corporation Announces $3.29 Million Order For Energy-Efficient Flow Control Systems

• Total contract value amounts to US$3.29 million in revenue to be recognized in Q4 2009
• Per US GAAP would be roughly US$2.81 million

SHENYANG, China, August 18 /PRNewswire-Asia/ -- NF Energy Saving Corporation (OTC Bulletin Board: NFES; "NF Energy"), a Chinese leader in energy efficient flow control systems, today announced the $3.29 million of energy-efficient flow control systems for water supply project in Shanghai are to be delivered in Q4 2009.

This is an important water supply project in Shanghai, which will to some extent improve the city’s water supply situation.

"We are honored to participate in this important water supply project to make our contribution to Shanghai’s water supply" commented Mr. Li Gang, Chairman and CEO of NF Energy. "Our energy-saving flow control systems have been supplied to lots of large water supply projects with high reputation."

About NF Energy Saving Corporation

NF Energy Saving Corporation (OTCBB:NFES - News) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. Headquartered in Shenyang city of China, the Company currently has 220 employees and several proprietary energy saving technologies and patents.

Safe Harbor Statement

This press release contains certain statements that may include 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects, anticipate, optimistic, intend, will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. 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 and available from the Securities and Exchange Commission. 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:
Howard Gostfrand
American Capital Ventures, Inc.
305-918-7000 – office
305-466-1747 – fax
info@amcapventures.com