May 7, 2010 (FinancialWire) — Sino Clean Energy, Inc. (OTCBB: SCLXD) said that it plans to effect a reverse stock split in which each ten currently issued and outstanding shares of company's common stock will be automatically converted into one share of common stock.

Following the reverse split, the company will have around 16,557,000 shares of common stock issued and outstanding and 30 million shares authorized.

The reverse stock split will be effective at the market opening on May 7, at which time the company's common stock will begin trading on the OTC Bulletin Board on a split-adjusted basis. To denote the reverse stock split the Company's common stock will trade under the symbol "SCLXD" for a period of 20 trading days.

After 20 trading days the company's common stock will resume trading under the symbol "SCLX."

China-based Sino Clean Energy is producer and distributor of coal-water slurry fuel in China. Coal-water slurry is a fuel substitute for oil, natural gas and coal in the PRC.

The company has locations in Shaanxi Province and Liaoning Province.

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