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NF Energy Saving Corporation Wins Bidding on Phase I of Dahuofang Water Supply Project

US GAAP revenue of US$480,000 to be recognized

SHENYANG, China, October 15, 2009-- NF Energy Saving Corporation (OTC Bulletin Board: NFEC; "NF Energy"), a Chinese leader in energy efficient flow control systems, today announced the Company won bidding on Phase I of Dahuofang Water Supply Project.

NF Energy will supply more than 70 sets of butterfly valves to the project. US GAAP revenue of US$480,000 is to be recognized and the products will be delivered by April 2010.

Dahuofang Water Supply Project is an important project in Liaoning Province. Its total investment is RMB902 million (US$132 million). Its daily water supply capacity to Shenyang City is 2.1 million cubic meters.

Mr. Li Gang, Chairman and CEO of NF Energy, commented, “We are pleased to win Phase I of this important water supply project and we will follow up the next phase bidding.”

About NF Energy Saving Corporation

Website: http://www.nfenergy.com

NF Energy Saving Corporation (OTCBB:NFEC) 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
Tel: +1-305-918-7000
Email: info@amcapventures.com
www.amcapventures.com