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July 24, 2009 - Trading Symbol: RTBC.OB

China's Economy Bounces Back, Rotoblock (RTBC) Positions for Growth

 

SANTA ROSA, CA--( 07/24/09) - Rotoblock Corporation (OTC.BB:RTBC) announced today that it has completed a one-for-fifty (1-for-50) reverse split and has registered under the new trading symbol RTBC on the OTC Bulletin Board.

Rotoblock Chief Executive Officer Chien Chih Liu says recent actions taken were timed to capitalize on economic growth in China. China's economy grew at a rate of 7.9 percent between April and June, according to the Beijing Wall Street Journal, up from 6.1 percent in the first quarter. The increase was helped by an estimated $585 billion stimulus package from the Chinese government. By comparison the United States is expected to contract by one percent or more in 2009.

"We have been nurturing our business contacts in China over the past year through the worst recession in decades and with these positive economic signs I feel the time is right to move forward," said Mr. Liu. "The US and China have unique business opportunities and I intend for Rotoblock to be a part of this emerging market."

Mr. Liu added: "The market is valued much more realistically now and while it has been challenging for some companies it has been an opportunity for Rotoblock. The plans we made last year are benefiting from these changes. It truly is a good time for investing in China," said Mr. Liu.

Mr. Chien Chih Liu has more than 15 years experience in international business. He moved to the United States from Taiwan at age ten. Prior to joining Rotoblock in 2008 he served more than five years as a Vice President of Tianyi Group based in Nanjing.

About Rotoblock Corporation -- Rotoblock is focused on the development and manufacturing of advanced technology, energy-efficient and environmental equipment in China for distribution worldwide. The Company was incorporated in Nevada and is headquartered in Santa Rosa, California. Visit Rotoblock's corporate website for details about the company, technology, and regulatory filings. For more info visit: http://www.rotoblock.com.

Safe Harbour For Forward-Looking Statements -- Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Rotoblock Corporation has little or no control.

Contact:
Mariya Petrovksa
Rotoblock
707-578-5220

 

     
 
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