Andatee China Marine Fuel Services Corporation Regains Compliance With NASDAQ $1.00 Minimum Bid Price Rule

Andatee China Marine Fuel Services Corporation Regains Compliance With NASDAQ
$1.00 Minimum Bid Price Rule

DALIAN, China, Oct. 17, 2013 (GLOBE NEWSWIRE) -- Andatee China Marine Fuel
Services Corporation (Nasdaq:AMCF), a leading producer, distributor, and
retailer of quality marine fuel for small cargo and fishing vessels in China
(the "Company"), today announced that on October 15, 2013, NASDAQ notified the
Company that it had regained compliance Rule 5550(a)(2), which requires a
minimum bid price of $1.00 for continued listing on the NASDAQ Stock Market
and that the matter was now closed.

An Fengbin, Andatee's Chairman and CEO, commenting on the announcement, stated
that "Regaining compliance with NASDAQ's minimum bid price rule is a
significant achievement for the Company.With this issue behind us, the
Company's management will continue to pursue its objective of maximizing
shareholder value and strengthening the Company's core business. We remain
committed to improving all aspects of our operations, including expanding our
supplier network for procuring raw material, expanding our blending capacity
by building and acquiring additional facilities, and improving distribution",
he concluded.

About Andatee China Marine Fuel Services Corporation

Andatee China Marine Fuel Services Corporation is a leading independent
operator engaged in the production, storage, distribution, wholesale purchase
and sale of blended marine fuel oil for cargo and fishing vessels in northern
China. Andatee provides customers with value-added benefits, including
single-supplier convenience, competitive pricing, logistical support and fuel
quality control. Its products are substitutes for diesel used throughout east
China fishing industry. Backed by core facilities, such as storage tanks,
marine fuel pumps, blending facilities and berths (the space allotted to a
vessel at the wharf) and small- to medium-sized cargo vessels, its sales
network covers major depots along the towns of the east coast of China.

Safe Harbor Relating to the Forward Looking Statements

Statements contained in this press release not relating to historical facts
are forward-looking statements that are intended to fall within the safe
harbor rule under the Private Securities Litigation Reform Act of 1995. All
forward-looking statements included herein are based upon information
available to the Company as of the date hereof and, except as is expressly
required by the federal securities laws, the Company undertakes no obligation
to update or revise any forward-looking statements, whether as a result of new
information, changed circumstances or future events or for any other reason.
To the extent that any statements made here are not historical, these
statements are essentially forward-looking. The Company uses words and phrases
such as "guidance," "forecasted," "projects," "is expected," "remain
confident," "will" and/or similar expressions to identify forward-looking
statements in this press release. Undue reliance should not be placed on
forward-looking information. The Company may also make written or oral
forward-looking statements in its periodic reports filed with the U.S.
Securities and Exchange Commission and other written materials and in oral
statements made by its officers, directors or employees to third parties.
These statements are subject to risks and uncertainties that cannot be
predicted or quantified and, consequently, actual results may differ
materially from those expressed or implied by these forward-looking
statements. Such risk factors include, without limitation, our ability to
properly execute our business model, oil price stability, to address price and
demand volatility, to counter weather and seasonal fluctuations, to attract
and retain management and operational personnel, potential volatility in
future earnings, fluctuations in the Company's operating results, our ability
to expand geographically into new markets and successfully integrate future
acquisitions, our ability to integrate and capitalize on the recent
acquisitions, PRC governmental decisions and regulation, and existing and
future competition that the Company is facing. Additional risks that could
affect our future operating results are more fully described in our U.S.
Securities and Exchange Commission filings, including our Annual Report on
Form 10-K for the year ended December 31, 2012, filed with the SEC and other
subsequent filings. These filings are available at http://www.sec.gov. The
Company may, from time to time, make additional written and oral
forward-looking statements, including statements contained in our filings with
the SEC and our reports to shareholders. We do not undertake to update any
forward-looking statements that may be made from time to time by or on our
behalf.

CONTACT: For more information, please contact:
        
         Company Contact:
         Mr. Wang Hao
         Chief Financial Officer
         Andatee China Marine Fuel Services Corporation
         Phone: +86-411-8240-8835
 
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