China Integrated Energy (PINK:CBEH)

XI'AN, China, March 21, 2011 /PRNewswire-Asia/ -- China Integrated Energy, Inc. today announced that its Board of Directors has approved the repurchase by the Company of up to $20 million of its shares of common stock over the next 24 months, subject to the Company's blackout period restrictions.

"This share repurchase program reaffirms our ongoing commitment to enhance shareholder value and our confidence in the long-term growth opportunity of our company," said Mr. Gao Xincheng, Chief Executive Officer of China Integrated Energy, Inc. "Our business has continued to generate healthy cash flow and we believe that at current levels, our shares represent a compelling investment opportunity."