October 17, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — NF Energy Saving Corp. (OTCBB: NFECD), an energy saving services provider for China's power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries, has effected a 2.5-for-1 reverse split of its common stock that took effect with the opening of the stock market on September 16.

The company said that the split is part of NF Energy's efforts to pursue an exchange listing for its common stock, for which an application has been submitted.

Following the reverse stock split, NF Energy will have 5,326,195 shares of common stock outstanding, excluding unexercised options and warrants and subject to a rounding up adjustment for fractional shares.

China-based NF Energy Saving is a 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.

The company's customers are mainly concentrated in the electrical generation (large-scale thermal power generation, hydroelectric power, wind power, and nuclear power), water supply, and heat supply industries.

The majority of its revenues are from energy efficient flow control equipment and energy efficiency projects.

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