Monday, February 22, 2010

“Stock Pick” Update

China Infrastructure Construction Corp.

(BB: CHNC) 

News Issued Pre-Market Open

China Infrastructure Construction Corporation Appoints New Independent Members to Board of Directors; Qualifies Under Rules of NASDAQ Stock Market

In our initial report released last week on “Stock Pick” China Infrastructure Construction (BB: CHNC), we mentioned that the Company would likely make a move to list on a higher exchange.  News announced today indicates that CHNC seriously wants to qualify for NASDAQ listing over the near-term.

IMPORTANT TRADING NOTE:  Although CHNC is fully reporting and trades on The Bulletin Board, most of the market makers are putting up their bids on the Pink Sheets.  Therefore, the true inside bid and offer spread may appear to be much wider than it really is when you take into account bid and offers on both exchanges.  We recommend that members check the bid and offer spread at http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=chnc.  This will provide a more accurate picture of what is happening.  On Friday, February 19 there were at least three market makers bidding at prices $5.00 or more.  We still expect to see CHNC rally soon.

Feb 22, 2010 7:00:00 AM EST

BEIJING, /PRNewswire-Asia-FirstCall/ - China Infrastructure Construction Corporation (OTC Bulletin Board: CHNC), one of the major U.S.-listed providers of ready-mix concrete in Beijing, today announced that that the Board of Directors has appointed Messrs. Francis Nyon Seng Leong, Zhenhai Niu, and Pat Lee Spector, as independent members of the Board. Together with the Company's current two board members, CHNC's board now consists of five members. Four of the five board members each qualify as "independent" directors as defined by the rules of the Nasdaq Stock Market.

Mr. Leong, age 66, is a principal of Sungai River Inc., an international financial consulting company. During March through June of 2004, he was CFO and Secretary of Blue Diamond Mining Corporation, a Canadian NEX board listed company in the oil and gas industry. Prior to that, Mr. Leong served as the Treasurer for the City of Calgary, Canada from October 1999 through August 2003. Currently Mr. Leong is serving on the boards and committees of various public companies, including Enmax Corporation, a $2 billion Municipal Electric Utility Company in Calgary, Boyuan Construction Group, a Chinese construction company listed on TSX Venture Exchange, Andatee China Marine Fuel Services Corporation, a Nasdaq traded company in the marine fuel industry, andChina Industrial Waste Management, Inc., an industrial waste management company listed on the OTC Bulletin Board.

Mr. Niu, age 48, is a China-based hospitality industry veteran and currently general manager of the Beijing Ritan Hotel since February 2008. Prior to that, he was manager of the China Hainan Huandao Taide Hotel since 1999.

Mr. Spector, age 66, is currently Executive Advisor of AECOM Technology, Inc., a technical and management service provider listed on New York Stock Exchange ("NYSE"). From January 1999 through May 2007, he served as Vice President of Jacobs Engineering Group Inc., another NYSE listed company that is engaged in the business of technical services and support.

Mr. Yang Rong, Chairman of the Board and Chief Executive Officer of CHNC commented, "We welcome Francis Nyon Seng Leong, Pat Lee Spector, and Zhenhai Niu to our Board. Their other public company directorships, financial and corporate experience, industry knowledge, and reputation will certainly help to build a strong Board, lead CHNC to success, and maximize shareholder value."

About China Infrastructure Construction Corporation

CHNC was founded in 2002 in Beijing, China. Since then it has developed into one of the top ready mix concrete producers in Beijing. Its products are environment-friendly and among the few providers in China of "green" concrete. Both the Company's revenue and net profit have shown rapid growth in the last few years. Currently, the Company has five prime production facilities with two located in Beijing's Nanhaizi area and Shidu, two are located in the Tangshan, about two hundred kilometers east of Beijing, and one located in Xian. CHNC has a combined annual operating capacity from these locations of 4.0 million cubic meters.

In addition to its production and profit prowess, CHNC is a leader in China's "Green Concrete" movement referring to increased use of the environmentally-friendly content in ready-mix concrete, by reducing the energy and raw material consumption in its production, and by mixing and recycling various industrial wastes to create a more sustainable product.

All of CHNC's products have passed the ISO9001-2005 Certification Quality System and Integrated Certification System including Quality Management System Certification, Environmental Management System Certification and Occupational Health and Safety Management System Certification issued by Beijing Zhong Jian Xie Certification Centre.

Its major projects include the Beijing World Trade Central Business District project, and the Beijing Wanjing International Mansion.

Forward-looking Statements: Certain statements made in this news release, may contain forward-looking statements concerning the Company's business, prospects and products. These statements include, without limitation, statements regarding our ability to prepare the Company for growth, the Company's planned capacity expansion and predictions and guidance relating to the Company's future financial performance. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs, but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These factors may include, but are not limited to, such factors as unanticipated changes in product demand especially in the infrastructure construction industry, pricing and demand trends for the Company's products, changes to government regulations, risk associated with operation of the Company's new facilities, risk associated with large-scale implementation of the Company's business plan, the ability to attract new customers, ability to increase its products' applications, cost of raw materials, downturns in the Chinese economy, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. Investors are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

Contact:

Melody Shi, Chief Financial Officer

Phone: 1-949-468-7078

Email: chnccfo@hotmail.com

 

“Stock Pick” Update

Sunergy, Inc. (BB: SNEY)

News Announced Today

Sunergy Files Current Terminal Report and Application for Extension for 2 Year Renewable Prospecting License for Its 150 sq. km. Nyinahin Mining Concession in Ghana, West Africa

News announced today by Sunergy, Inc. indicates to us that the Company is ready to start talking again, and we may see the stock heat up.  In mid-January we mentioned that SNEY would probably not make any move until February.  Since then, the stock has essentially been dead in the water. 

We now alert members to watch SNEY carefully.  SNEY is a bit lower than our profile price of .09 per share at about .07 to .08, and it appears to be a perfect time to nibble.  See news reprinted from today below:

Feb 22, 2010 7:49:00 AM EST

SCOTTSDALE, AZ -- (MARKET WIRE) - Sunergy, Inc (the "Company") (OTCBB: SNEY) reports filing its current Terminal Report and Application For Extension for 2 year renewable Prospecting License, as provided by the Minerals Commission, for its 150 sq. km. Nyinahin Mining Concession located about 45 minutes from Kumasi. Through December 20, 2009, $84,300 US was expended on the property and further exploration and development were recommended. An early 2010 budget of about $100,000 US will be allocated to Phase 1 pit testing, gridding and bulk sampling in and around the Offin River and its eastern tributaries located in the southeastern quadrant of the concession. Further budgets will be determined based on Phase 1 results. This concession enjoys a renewable full prospecting license for gold, silver, diamonds and base metals. During the next few months we will test the alluvial gold and diamond recovery potential along the Offin River which runs through the eastern portion of the concession for about 15 km. We will also bulk sample the numerous existing artisan pits along the river on our concession.

Ghana has more than a century history of mechanized gold mining, however, in the last two decades, global innovations in the mining sector particularly the evolution of modern exploration and processing techniques have enabled the discovery and exploitation of near surface low grade material which hitherto was regarded as waste. This has resulted in an increased number of acquisitions of exploration properties and mineral projects in Ghana by both local and international organizations.

The company was granted a reconnaissance license in July 2005. The reconnaissance license was converted into a two-year renewable Prospecting License (LVB 3857/08) on the 24th day of January 2008 by the Minister of Lands, Forestry and Mines.Sunergy purchased the renewable prospecting license from General Metals Corporation in July 2009 (See PR dated July 29, 2009).

The Concession is situated 20km northeast of Bibiani and about 48km Southwest of Kumasi, is located between two geological gold belts, the Bibiani Belt to the west and the Asankrangwa Belt to east. The concession which covers an approximate area of 172 sq. km. has been reduced to 150 sq. km to conform to statutory requirements regarding the size for a Prospecting Licenses by the Minerals Commission.

To better understand the geology, mineralization potential and to establish target areas for detail exploration, a systematic exploration programme was initiated July 2005 after the license had been granted. The work involving active stream sediment sampling and reconnaissance geological mapping was carried out by Geodita Resources Limited (A Ghanaian geological consulting firm), to cover the whole concession. The goal was to delineate grounds within the concession that show economic potential for gold mineralization. A total of 126 samples comprising 116 stream sediments and 10 grab samples were collected. The Stream sediment samples were analyzed for gold using 50g fire assay method at SGS laboratory at Tarkwa with a low-level detection limit of 2Auppb.

About 23.3% of the total stream sediment samples collected returned gold values above the threshold value of 10Auppb (probability plot and histogram), with 3.6% having values above 50Auppb.

The maximum value being 228 Auppb at a point with GPS co-ordinate 596362 mE, 723188 mN. Other values include 46Auppb, 62Auppb, 66Auppb, and 76Auppb.

Three anomalous target zones namely Owusukurom, Ntoboroso, and Krakyekurom within the Birimian metasediments have been delineated for further work. Interpretation of results suggests that the mineralization appears to be associated with NNE to NE structures. A shear zone located at a point with GPS coordinates 605767mE, 720762mN, appear to have resulted from the intersection of ENE-WSW trans-regional shear system and NNE-SSW strongly developed shear corridor.

Mineralized trends delineated, appear to run parallel to NE-SW regional sutures observed to be associated with gold mineralization within the Birimian terrains. The result of the survey indicates that the Nyinahin concession has good exploration potential and a significant potential for lode gold mineralization within a favourable geological terrain.

Potential for alluvial gold also exist along the Offin River within the concession. The Bonte Alluvial Mines, mining the Gyeni River (tributary of the Offin) is located to the east of the concession. It is therefore recommended that soil geochemistry and trenching coupled with ground geophysics be carried out to properly define the mineral potential of the delineated zones. It is further recommended that the alluvial potential within the concession be investigated.

Robert Levich CPG, EurGeol, Director and Chief of West African Operations(See Press Release dated December 21, 2009), said, "We also plan to extend our full prospecting license for another two year period. Our bulk testing operation results are expected to justify a full mining license which is for a period of 30 years. The three large anomalies that also occur west of the Ofin River will be the subject of exploration in the next phase, utilizing the expected cash flow from 2010's operations."

Company Chairman P.K. Rana Medhi said: "This exciting project offers both immediate gold recovery opportunities through the numerous abandoned Artisan pits along the Offin River as well as substantial hard rock exploration in three large anomalies that warrant a vigorous exploration effort. Some larger mining Companies operating in the area have already expressed interest in evaluating the mineral potential on this concession. We are pursuing early cash flow from exploration/bulk sampling operations."

About Sunergy: The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. We control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license. The concession is surrounded by several operating mines and is adjacent to Newmont Mining's property. This concession has the Offin river flowing through our eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production. The Offin river is known for good alluvial gold production. Artisans usually recover about 30% of the available gold through primitive hand methods, leaving 60-70% to be recovered by modern mechanical operations.

Further information is available on the Company's website www.sunergygold.com

Notice Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Nyinahin Mining Concession and Sunergy's ability to make the required payments to General Metals as they become due.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact:

P.K. Rana Medhi

Chairman of The Board

Sunergy, Inc

480.399.7222 cell

480.477.5810 office

pkmedhi@cox.net

info@sunergygold.com