October 27, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — China Integrated Energy, Inc. (NASDAQ: CBEH), a non-state-owned integrated energy company in the People's Republic of China, said that it has acquired a retail gas station located in Shenmu County, Yulin City, Shaanxi Province, China.

The company said it has acquired land use rights, gas station operating rights, and all of the assets of the Shenmu gas station for a total cash consideration of around $9.2 million.

China Integrated said that the gas station distributes both gasoline and diesel, which may include blended biodiesel in the future.

It added that, during the past twelve months, the acquired gas station sold around 8,000 tons of fuel and generated revenue of around $8.2 million. For the fiscal year of 2011, the company estimates the Shenmu gas station will sell approximately 12,000 tons of fuel and generate approximately $12.3 million in revenue.

China Integrated operates as both a biodiesel producer and distributor, supplying products to each of its thirteen gas stations.

China-based China Integrated Energy engages in three business segments: the production and sale of biodiesel, the wholesale distribution of finished oil and heavy oil products, and the operation of retail gas stations.

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