SinoTech Announces Receipt of Notice of Additional Deficiency From NASDA

SinoTech Energy Limited CTE, a provider of enhanced oil recovery services in China, today announced that it has received a letter dated September 26, 2011, from The Nasdaq Stock Market LLC stating that an additional basis for delisting the Company's securities from the Nasdaq Stock Market is that Ernst & Young Hua Ming has withdrawn its audit opinion, the Company is delinquent in its periodic reports, and the Company therefore is not in compliance with Listing Rule 5250. The Company is planning to request a stay of the delisting of the Company's stock resulting from the additional alleged basis for the delisting.