Sino Clean Energy Inc. (SCEI) Q1 2011 Earnings Conference Call May 18, 2011 10:00 AM EST Executives Ted Haberfield – EVP, HC International Baowen Ren – CEO Zhixin Jing [ph] – Assistant to the CEO Wendy Fu – CFO PresentationOperator Good day ladies and gentlemen, thank you for standing by. Welcome to the Sino Clean Energy 2011 first quarter financial results conference call.
Today today’s presentation all parties will be in a listen only mode. Following the presentation the conference will be open for questions. (Operator Instructions). This conference is being recorded today Wednesday May 18 th of 2011. At this time I would like to turn the conference over to Ted Haberfield of HC International. Please go ahead sir. Ted Haberfield Thank you and welcome everyone to today’s call for Sino Clean Energy. This call will cover Sino Clean Energy’s financial and operating results for the first quarter of 2011. The earnings press release accompanying this conference call went to the wire yesterday. On our call today is Mr. Baowen Ren, CEO of Sino Clean Energy; Ms. Wendy Fu, CFO; and Zhixin Jing [ph], Assistant to the CEO. Before we get started I’m going to quickly read the disclaimer to our forward-looking statements. This conference call may contain in addition to historical information, forward looking statements within the meaning of the Federal Securities Law regarding Sino Clean Energy. Forward looking statements include statements of our plan, objectives, goal, strategies, future events, performance and underlying assumptions and other statements that for difference in historical facts. These forward looking statements are based on current management expectations and are subject to risks, uncertainties that may result in expectation not being realized and may cause actual outcome to differ materially from expectations reflected in this forward looking statements. Potential risks and uncertainties include change in the demands of the company’s services, the impact of competition and government regulations and other risks contained in the statement filed at that time with the SEC.
Shares of Sino Clean Energy (Nasdaq:SCEI) have taken a tremendous swing upward. The stock is trading at $2.02 as of 2:45 p.m. ET, 21.2% above Tuesday's closing price of $1.67. Volume is at 1.2 million, 1.3 times the daily average of 861,500.
Shares of Sino Clean Energy (Nasdaq:SCEI) were gapping down Monday morning with an open price 16% lower than Friday's closing price. The stock closed at $2.69 yesterday and opened today's trading at $2.26.