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To OTC Journal Members:

Today's announcement from NF Energy could be the start of something very big for the company and its shareholders.

NF Energy (OTCBB: NFES) just sold 500,000 efficient lighting lamps to China's Liaoning Provincial Economic Committee, and once it finishes the second batch of 2 million, $2.3 million will be added to NFES' coffers. It's not likely to stop there.

The Chinese government plans to replace 150 million incandescent lamps with these high-efficiency lamps by 2010 as part of the country's "Eleventh Five-Year Plan."

Considering that NF Energy is the one and only provider of these lamps in the Liaoning Province, this should be a very lucrative source of revenue for them-revenue that has been climbing at an admirable clip.

You'll recall that its revenues rose from $10.3 million to $15.8 million from 2007 to 2008. That's 53% growth! Worth repeating, here's the rest of NF Energy's financial story during that same period:

Net income: $3.65 million up from $2 million (82% growth)
Earnings Per Share: $.10 up from $.06 (66% growth)
Cash and Receivables: $11.152 million up from $6.2 million (80% growth)
Long Term Debt: Zero
Shareholders Equity: $15.5 million up from $9.1 million (70% improvement)

What makes this lamp deal with the Liaoning Province even more interesting is that the bulk of NF Energy's past revenue has come via the design and manufacturing of gigantic valves that make things flow more efficiently in coal and nuclear plants and in windpower.

Selling energy efficient lamps to China is like the creamy chocolate icing on the cake. Take a look.

The 'Cake' Itself

Production and sales of energy-saving valves, intelligent valves and flow control equipment generated 69% of NF Energy's 2008 revenue and energy efficiency consulting and retrofitting services comprised 31%.

NF Energy controls a 20%-30% market share in the rapidly growing thermal power device market as well as a 10% market share in the hydropower device market.

China currently has 800GW of generation capacity, ranking the second largest installed capacity in the world behind the US and is expected to add 140GW of new power generation between now and 2010.

Plus, hard and fast guidelines set forth by the government will shift the energy landscape away from coal and toward cleaner alternatives as soon as 2010.

Coming down a really big pipeline for NF Energy is a project originally conceived by Chairman Mao that will channel water from the country's longest river, the Yangtze, to three rivers in the north whose basins are running dry.

Planned for completion in 2050, it will eventually divert water annually to the population centers of the drier north, with a network of over 3,000km pipes and a cost of over $62 billion.

You just know that NF Energy has its hands in this one. It recently supplied $1.7 million of flow control systems equipment for Phases I and II of the project's Central Route and expects to deliver much more as the project progresses.

You see what I mean about the icing? Well, here's a little more.

Some More Frosting, With Sprinkles

From a charting perspective, this daily chart of NFES shown here is about as pretty as it gets for trading enthusiasts who are interested in "thrusting" situations to the long side.

I've included the daily 3x3 DMA (displaced moving average), volume and some Fibonacci retracement levels to show you what I'm referring to. You'll notice ever since shares of NFES hit bottom back in early April around $.11 cents, the stock held the 3x3 to the upside up until early June when it was breached.

However, what's important to recognize here is within three trading days, the stock regained momentum off the 3/8 retracement level and has since moved back up above the 3x3 again. This suggests the stock is trending higher from that brief consolidation period ....a big win for the bulls in my opinion.

This represents a serious bread-and-butter opportunity for those able to identify when a stock is in a thrusting period. As a matter of fact, what you see here is often referred to by professional traders as a "bread-and-butter trade" (a stock thrusts upward holding the 3x3, pulls back and resumes its upward trend to higher levels). Don't fight the trend.

I believe shares of NFES are now primed to move much higher. A break above $1.00 may spark another big thrusting move to the upside for some excellent returns to be had. What's exciting to me though is I believe this is only the beginning of better things to come for NFES in the future.

As you can see, NF Energy has a whole lot of positive things going for it-new sources of revenue, ongoing projects from "old" customers, an unstoppable clean energy trend and a picture perfect stock chart.

I see huge upside for NF Energy, and now's a great time to get your piece of the hottest China penny stock around.

Press Release Source: NF Energy Saving Corporation of America

NF Energy Saving Corporation Obtains New $2 Million Energy Efficient Lighting Lamps Project

-- Total contract value amounts to US$2.3 million ? revenue to be recognized in 2009 per US GAAP would be roughly US$2 million

-- NF Energy is the only distributor of energy efficient lighting lamps in Liaoning province

SHENYANG, China, June 17 /PRNewswire-Asia/ -- NF Energy Saving Corporation of America (OTC Bulletin Board: NFES, "NF Energy"), a Chinese leader in energy efficient flow control systems and energy efficiency projects, today announced the company has successfully completed the sale of 500,000 energy efficient lighting lamps, and is starting up the 2nd batch of 2 million energy efficient lighting lamps in June 2009. Total contract value amounts to US$2.34 million and revenue to be recognized in 2009 per US GAAP will be US$2.00 million.

NF Energy is the only commercial distributor of energy efficient lighting lamps in Liaoning province where the provincial government is targeting 2.5 million bulb installations for 2009.

Company was commissioned by Liaoning Provincial Economic Committee to promote high-efficiency energy saving lamps to end users in Liaoning Province. This indicates Chinese government's endorsement of NFES' leading position in China's energy-saving industry and also creates a new source of revenue for NFES.

As an important part of China's energy saving and pollution reduction policies, the Chinese government plans to install 150 million pieces of high- efficiency energy saving lamps to replace incandescent lamps and other low- efficiency lighting products nationwide during the years 2006 through 2010, or the "Eleventh Five-Year Plan" period. According to the latest statistics, the high-efficiency lighting products are able to reduce electric power costs of 60% to 80% and last 4 to 6 times longer. The installation of 150 million high- efficiency energy saving lamps will result in a reduction of national annual electric power consumption by 29 billion kilowatts, carbon dioxide annual emission by over 29 million tons, and sulfur dioxide annual emission by 290 thousand tons. The government will provide 30% rebate to bulk purchasers and 50% rebate to general citizens.

"We are honored to be commissioned by Liaoning Provincial Economic Committee to promote high-efficiency energy saving lamps in Liaoning province. This indicates that the government regards our leading position in the energy saving industry," said Mr. Gang Li, the Chairman and CEO of the Company. "Energy conservation and pollution reduction is one of the most important tasks for the Chinese government. China's energy saving market is huge. As one of the earliest energy saving solution providers in China, our Company will try our best to engage in the Chinese government's energy conservation and pollution reduction work. I believe this work will increase our energy saving business and bring returns to our shareholders and investors."

About NF Energy Saving Corporation of America

Website: http://www.nfenergy.com

NF Energy Saving Corporation of America (OTC Bulletin Board: NFES - News) is a China-based 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. Headquartered in Shenyang city of China, the Company currently has 220 employees and several proprietary energy saving technologies and patents. The management team of the Company has completed over 300 successful energy-saving projects.

Safe Harbor Statement

This press release contains certain statements that may include 'forward- looking statements' as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects, anticipate, optimistic, intend, will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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