Second Quarter Highlights
    -- Total revenues in the second quarter of 2010 were $65.4 million, a
       60.6% increase from the corresponding period in 2009.
    -- Operating profit in the second quarter of 2010 was $18.1 million, a
       80.5% increase from the corresponding period in 2009.
    -- Net income in the second quarter of 2010 was $20.4 million, a 107.4%
       increase from the corresponding period in 2009. Net income excluding
       change in fair value of warrant (non-GAAP) was $15.5 million, a 33.0%
       increase from the corresponding period in 2009.
    -- Diluted earnings per share ("EPS") for the second quarter of 2010 was
       $0.71. Diluted EPS excluding change in fair value of warrant (non-GAAP)
       was $0.54, a 16.6% increase from $0.47 for the corresponding period in
       2009.

"We are pleased to announce strong results for the second quarter 2010," said Mr. Dejun Zou, director and chief executive officer of RINO. "The robust year-over-year revenue increase was primarily driven by steady growth in our two main business segments, core flue gas desulphurization and waste water treatment systems. Going forward, the primary objective for our core business segments is to continue expanding our market share and enhance gross margin. At the same time, we will build out other business segments that are synergistic extensions of our core competence. Municipal sludge treatment, for instance, is an area of our near-term focus."

"China's clean technology industry is growing rapidly with government support. Policies and guidelines that call for increasingly stricter standards for industrial waste treatment continuously drive up demand for a greater scope of treatments as well as volume. RINO's future success depends on our ability to continue enhancing our production capacity and technological capability to keep up with industry developments. We are confident that with our focused efforts on these fronts and effective execution we will continue to be a leading player in the industry of our fundamental business segments and successfully expand into high growth segments in the future," Mr. Zou concluded.

Mr. Ben Wang, chief financial officer of RINO, added, "Both top and bottom line results were very strong in the second quarter and we are on track to achieve our targets for fiscal year 2010. For the rest of the year we will continue to enhance operational systems while investing for sustainable growth in the long term. We are also progressing according to our schedule to further strengthen our internal control and to continue to comply with Sarbanes Oxley requirements."

2010 Second Quarter Results

RINO reported total revenues of $65.4 million for the second quarter of 2010, representing a 60.6% increase from the corresponding period in 2009. Revenue growth was driven by the continued growth across the Company's major product lines. Specifically, the Company recorded $42.4 million in revenues from the desulphurization business, an increase of 41.0% from $30.1million in the same period of 2009; $15.0 million from wastewater treatment system sales, an increase of 61.7% over the second quarter of 2009; and $7.1 million in anti-oxidation equipment and coatings as compared to $1.1 million recorded in the same period of 2009.

Cost of sales for the second quarter of 2010 was $42.3 million as compared to $26.6 million in the same quarter of 2009, an increase of 59.3%. Gross profit was $23.1 million in the second quarter of 2010 compared to $14.2 million for the same period of 2009, an increase of 62.9%, and representing gross margins of 35.3% and 34.8%, respectively. The Company expects gross margin to be in the mid thirties range for the remainder of the year. Outsourcing costs for the second quarter 2010 were $4.3 million, an increase of 2745% from $0.2 million in the same period of 2009.

Total operating expenses for the second quarter of 2010 were $5.0 million as compared to $4.2 million for the same period in 2009. The increase in operating expenses was primarily due to increased sales commissions associated with the increased volume of contracts. Operating margin was 27.6% for the second quarter of 2010 as compared to 24.6% for the second quarter of 2009. The fluctuation in operating margins is associated with sales commissions being paid upon contract signing, while contract revenues are recognized in stages during the project using the percentage-of-completion method.

Share-based compensation expenses, which were allocated to the related operating costs and expenses line items, increased in aggregate to $46,036 in the second quarter of 2010 from $9,263 in the corresponding period in 2009. The increase in share-based compensation expenses was primarily due to additional options granted to staff and a board member.

Income tax expense provision was $2.5 million, or $0.09 per share, for the second quarter of 2010, compared to nil in the same period in 2009. The Company's effective tax rate for 2010 is 10.9% compared to 0% for 2009.The increase in effective tax rate was primarily due to Dalian Innomind Environment Engineering Co., Ltd., a wholly owned subsidiary of the Company, reaching the end of its tax-free holiday and entering a phase in which it is subject to a fifty percent tax shelter (12.5%) for the years of 2010, 2011and 2012.

Net income for the second quarter of 2010 was $20.4 million, representing an increase of 107.4% as compared to $9.9 million reported in the same period in the prior year. Diluted earnings per share were $0.71 for the second quarter of 2010 as compared to $0.39 for the same period last year, based on 28.6 million and 25.1 million weighted average shares outstanding, respectively. Non-GAAP net income, which is net income excluding a $4.9 million gain from the change in the fair value of warrants for the second quarter of 2010, was $15.5 million, translating to non-GAAP diluted EPS of $0.54.

Balance Sheet and Cash Flow Discussion

Cash and cash equivalents as of June 30, 2010 were $88.0 million, representing a decrease of 34.5% as compared to $134.5 million as of December 31, 2009. At the end of the second quarter, the Company had working capital of $245.2 million and a current ratio of 11 to 1.

Accounts receivable stood at $68.4 million, an 18.3% increase from $57.8 million reported as of December 31, 2009. Days sales outstanding for the first two quarters of 2010 was 102 days compared with 124 days for the same period of 2009. As of June 30, 2010, the Company had $8.1 million in long-term loans and $3.7 million in short term loans. Stockholder's equity increased 19.8% to $244.5 million as of June 30, 2010 as compared to $204.2 million as of December 31, 2009.

For the first six months of 2010, cash used in operations totaled $48.3 million as compared to $9.7 million cash provided by operations for the first six months of 2009, mainly due to an increase in advances for inventory purchases to support additional projects, an increase in costs and estimated earnings in excess of billings on uncompleted contracts, and change in fair value of warrants.

Backlog as of June 30, 2010

Backlog, defined as projects for which contracts have been signed but which have not been completed or started, as of June 30, 2010 was $104.7 million. The Company expects that approximately 50% of the currently backlogged contracts will be executed and recognized as revenue by the end of the third quarter, 2010.

    Product Segment                               Amount ($ millions)
    1.  Desulphurization Systems                         70.8
    2.  Wastewater Treatment                             14.6
    3.  Anti-oxidation Systems                            0.4
    4.  Municipal Sludge Treatment                       18.9
    Total                                               104.7


    Recent Business Updates

Approval for new bank loan

In August 2010, RINO received a letter of approval from the Agricultural Bank of China for a business loan in the amount of $ 44.2 million (RMB 300 million) to be used to purchase fixed assets. The Company plans to use funding from this loan for the Changxing Island Project as needed.

Outlook for Fiscal Year 2010

RINO continues to expect to generate total revenues in an amount ranging from $221.0 million to $229.0 million for fiscal year 2010, representing an increase of 15% - 19% from 2009. This forecast reflects RINO's current and preliminary view, which will be subject to future changes.

Conference Call Information

RINO's management will host an earnings conference call at 8 AM on August 17, 2010 U.S. Eastern Time (8 PM on August 17, 2010 Beijing/Hong Kong time).

    Dial-in details for the earnings conference call are as follows:


     International:  +1-857-350-1602
     US:             +1-866-783-2143
     UK:             +44-207-365-8426
     Hong Kong:      +852-3002-1672

     Passcode:       90238159

A replay of the conference call may be accessed by phone at the following number until August 25, 2010:

     International:  +1-617-801-6888
     US:             +1-888-286-8010

     Passcode:       52332473

Additionally, a live and archived webcast of this conference call will be available at iron and steel industry. RINO designs, manufactures, installs and services an extensive suite of products and solutions, including its patented wastewater treatment, flue gas desulphurization, high temperature anti-oxidation and sludge treatment systems, to a large customer base with the aim to reduce industrial pollution and improve energy utilization in China. With strong research and development capabilities, RINO has two patents related to wastewater treatment, ten patents under application and an invention patent for its anti-oxidation technology under the International Patent Corporation Treaty as of May 2010. For additional investor information, please visit

                                             Q2 2010              Q2 2009
    GAAP Net Income                      $ 20,436,248          $ 9,855,284
    Change in fair value of warrants      $ 4,889,118         $ (1,833,745)
    Adjusted Net Income                   $15,547,130         $ 11,689,029
    Adjusted EPS (Diluted)                     $ 0.54               $ 0.47


    For more information, please contact:

    In China:
     Mr. Ben Wang
     Chief Financial Officer
     RINO International Corporation
     Tel:    +86-411-8766-1828
     Email:  benwang@rinogroup.com

     Ms. Cynthia He
     Brunswick Group LLP
     Tel:    +86-10-6566-2256
     Email:  rino@brunswickgroup.com

    In the U.S.:
     Ms. Cindy Zheng
     Brunswick Group LLP
     Tel:    +1-212-333-3810
     Email:  rino@brunswickgroup.com




    RINO INTERNATIONAL CORPORATION AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
    AS OF JUNE 30, 2010 AND DECEMBER 31, 2009

                                                    2010              2009
    A S S E T S

    CURRENT ASSETS
           Cash and cash equivalents            $88,036,608      $134,487,611
           Restricted cash                        3,388,392                --
           Notes receivable                         469,960           440,100
           Due from shareholders                         --         3,005,386
           Accounts receivable, trade, net
            of allowance for doubtful
            accounts of $562,822 and
            $273,446 as of June 30, 2010
            and December 31, 2009,
            respectively                         68,389,279        57,811,171
           Costs and estimated earnings in
            excess of billings on
            uncompleted contracts                38,902,971         3,258,806
           Inventories                            4,401,228         5,405,866
           Advances for inventory
            purchases                            64,425,996        34,056,231
           Other current assets and
            prepaid expenses                        879,076           629,506
                  Total current assets          268,893,510       239,094,677

    PLANT AND EQUIPMENT, NET                     13,020,836        12,265,389

    OTHER ASSETS
           Investment in unconsolidated
            affiliate                               441,900                --
           Advances for non current assets        9,492,531         6,570,378
           Intangible assets, net                 9,026,114         1,144,796
                  Total other assets             18,960,545         7,715,174

                         Total assets          $300,874,891      $259,075,240


    L I A B I L I T I E S    A N D
     S H A R E H O L D E R S'   E Q U I T Y

    CURRENT LIABILITIES
           Accounts payable                      $7,202,192        $4,281,353
           Short term bank loans                  3,682,500         1,467,000
           Notes payable                          3,388,392                --
           Billings in excess of costs and
            estimated earnings on
            uncompleted contracts                 3,385,163                --
           Customer deposits                        351,630         4,984,801
           Deferred revenue                       1,333,127                --
           Liquidated damages payable                20,147            20,147
           Due to  shareholders                     535,895                --
           Taxes payable                          3,261,799         4,003,709
           Other payables and accrued
            liabilities                             508,564           496,411
                  Total current liabilities      23,669,409        15,253,421

    Long-term loan                                8,101,500                --

    Warrant Liabilities                              97,798        15,172,712

    REDEEMABLE COMMON STOCK ($0.0001 par
     value, 5,464,357 shares issued with
     conditions for redemption outside
     the control of the company)                 24,480,319        24,480,319

    COMMITMENTS AND CONTINGENCIES

    SHAREHOLDERS' EQUITY
           Preferred Stock ($0.0001 par
            value, 50,000,000 shares
            authorized, none issued and
            outstanding)                                 --                --
           Common Stock ($0.0001 par
            value, 100,000,000 shares
            authorized, 28,605,321 and
            28,603,321 shares issued and
            outstanding as of June 30,
            2010 and December 31, 2009)               2,860             2,860
           Additional paid-in capital           107,201,125       107,135,593
           Retained earnings                    115,517,443        78,983,794
           Statutory reserves                    14,314,417        11,755,312
           Accumulated other comprehensive
            income                                7,490,020         6,291,229
                  Total shareholders'
                   equity                       244,525,865       204,168,788
                         Total liabilities
                          and shareholders'
                          equity               $300,874,891      $259,075,240



    RINO INTERNATIONAL CORPORATION AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME (LOSS)
    FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2010 AND 2009
    (UNAUDITED)

                     Three Months Ended June 30, Six Months Ended June 30,
                            2010        2009         2010           2009
    REVENUES
    Contracts          $64,496,123  $40,469,182  $112,263,690    $75,835,318
    Services               887,545      253,068       979,225        495,051
                        65,383,668   40,722,250   113,242,915     76,330,369

    COST OF SALES
    Contracts           41,638,121   26,123,509    72,613,173     45,249,005
    Services               494,649      268,912       494,649        592,830
    Depreciation           170,767      162,260       355,442        370,327
                        42,303,537   26,554,681    73,463,264     46,212,162

    GROSS PROFIT        23,080,131   14,167,569    39,779,651     30,118,207

    OPERATING EXPENSES
    Selling, general
     and administrative
     expenses            4,958,664    4,146,294    11,771,338      7,517,018
    Stock compensation
     expense                46,036        9,263        65,532          9,263
    TOTAL OPERATING
     EXPENSES            5,004,700    4,155,557    11,836,870      7,526,281

    INCOME FROM
     OPERATIONS         18,075,431   10,012,012    27,942,781     22,591,926

    OTHER INCOME
     (EXPENSES), NET
    Other expense, net     110,664        3,871      113,879           5,779
    Change in fair
     value of warrants   4,889,118    1,833,745   15,074,914       1,810,134
    Interest income
    (expense), net          70,162       72,974      140,444         191,933
    Gain on liquidated
     damage settlement          --    1,746,120           --       1,746,120
    TOTAL OTHER INCOME
     (EXPENSES), NET     4,848,616      156,728   15,101,479         261,726

    INCOME BEFORE
     PROVISION FOR
     INCOME TAXES       22,924,047    9,855,284   43,044,260      22,330,200

    PROVISION FOR
     INCOME TAXES        2,487,799           --    3,951,506              --

    NET INCOME          20,436,248    9,855,284   39,092,754      22,330,200

    OTHER COMPREHENSIVE
     INCOME (LOSS):
    Foreign currency
     translation
     adjustment          1,065,043       10,019    1,198,791         137,639

    COMPREHENSIVE
     INCOME            $21,501,291   $9,845,265  $40,291,545     $22,192,561

    WEIGHTED AVERAGE
     NUMBER OF SHARES:
    Basic               28,603,517   25,070,356   28,603,431      25,055,668
    Diluted             28,609,452   25,070,940   28,610,245      25,055,668

    EARNINGS PER SHARE:
    Basic                    $0.71        $0.39        $1.37           $0.89
    Diluted                  $0.71        $0.39        $1.37           $0.89



    RINO INTERNATIONAL CORPORATION AND SUBSIDIARIES
    CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY

                                  Common Stock
                               Par Value $0.0001                   Retained
                                                   Additional      Earnings
                                 Number    Common   Paid-in      Unrestricted
                               of shares   stock    capital        earnings

    BALANCE, January 31, 2009 $25,040,000  $2,504  $25,924,007    $28,570,948

    Cumulative effect of
     reclassification of               --      --    1,058,702        420,070
     warrants
    Shares issued to settle
     liquidated damage payable     48,438       5      216,999             --
    Stock issued for service        2,000      --        8,960             --
    Imputed interest on
     advances from a shareholder       --      --       13,557             --
    Net income                         --      --           --     22,330,200
    Allocation to statutory
     reserve                           --      --           --      2,477,427
    Foreign currency
     translation gain                  --      --           --             --

    BALANCE, June 30, 2009
    (Unaudited)               $25,090,438    2,509  $25,104,821   $48,003,651

    Stock compensation expense         --       --       38,425            --
    Non cash exercise of
     warrant at $5.38             260,851       26    5,881,081            --
    Stock issuance for cash
     for $30.75                 3,252,032      325   76,111,266            --
    Net income                         --       --           --    34,061,550
    Allocation to statutory
     reserve                           --       --           --     3,081,407
    Foreign currency
     translation gain                  --       --           --            --


    BALANCE, December 31,
     2009                     $28,603,321    2,860 $107,135,593   $78,983,794

    Stock compensation
     expense                        2,000       --       65,532            --
    Net income                                                     39,092,754
    Allocation to statutory
     reserve                           --       --           --     2,559,105
    Foreign currency
     translation gain                  --       --           --            --

    BALANCE, June 30, 2010
    (Unaudited)                28,605,321    2,860  107,201,125   115,517,443


                                          Accumulated
                                             other
                                Statutory comprehensive
                                 reserve      income      Totals

    BALANCE, January 31, 2009   $6,196,478 $6,221,943  $66,915,880

    Cumulative effect of
     reclassification of                --         --    1,478,772
     warrants
    Shares issued to settle
     liquidated damage payable          --         --      217,004
    Stock issued for service            --         --        8,960
    Imputed interest on
     advances from a
     shareholder                        --         --       13,557
    Net income                          --         --   22,330,200
    Allocation to statutory
     reserve                     2,477,427         --           --
    Foreign currency
     translation gain                   --    137,639      137,639

    BALANCE, June 30, 2009
    (Unaudited)                 $8,673,905 $6,084,304  $87,869,190

    Stock compensation expense          --         --       38,425
    Non cash exercise of
     warrant at $5.38                   --         --    5,881,107

    Stock issuance for cash
     for $30.75                         --         --   76,111,591

    Net income                          --         --   34,061,550
    Allocation to statutory
     reserve                     3,081,407         --           --
    Foreign currency
     translation gain                   --    206,925      206,925



    BALANCE, December 31,
     2009                      $11,755,312 $6,291,229 $204,168,788

    Stock compensation expense          --          --      65,532
    Net income                          --          --  39,092,754
    Allocation to statutory
     reserve                     2,559,105          --          --
    Foreign currency
     translation gain                   --   1,198,791   1,198,791


    BALANCE, June 30, 2010
    (Unaudited)                 14,314,417   7,490,020 244,525,865



    RINO INTERNATIONAL CORPORATION AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    FOR THE SIX MONTHS ENDED JUNE 30, 2010 AND 2009

                                              2010                   2009

    CASH FLOWS FROM OPERATING ACTIVITIES
        Net income                        $39,092,754            $22,330,200
        Adjustments to reconcile
         net income to cash (used in)
         provided by operating
         activities:
            Depreciation                      466,837                478,251
            Amortization                       86,273                 33,377
            Allowance for bad
             debt                             287,064                205,687
            Imputed interest
             on advances from
             shareholders                          --                 13,556
            Amortization of
             long term
             prepaid expenses                  39,166                  7,329
            Stock issued for
             services                              --                  9,263
            Stock
             compensation
             expense and
             shares placed in
             escrow                            65,532                     --
            Gain (expense) on
             Liquidated
             damage
             settlement                            --              1,746,120
            Change in fair
             value of
             warrants                      15,074,914              1,810,134
        Changes in operating
         assets and
         liabilities:
            Notes receivable                   27,944                806,516
            Accounts
             receivable                    10,585,899             21,802,792
            Costs and
             estimated
             earnings in
             excess of
             billings on
             uncompleted
             contracts                     35,483,281                     --
            Inventories                     1,022,495                 81,194
            Advances for
             inventory
             purchases                     30,105,286              6,308,955
            Other current
             assets and
             prepaid expenses                 246,017                131,544
            Accounts payable                2,891,305                823,508
            Customer deposits               4,634,288              3,549,925
            Billings in
             excess of costs
             and estimated
             earnings on
             uncompleted
             contracts                      3,371,144                     --
            Other payables
             and accrued
             liabilities                       10,077                329,915
            Deferred revenue                1,327,607                     --
            Taxes Payable                     755,144              6,038,867
                Net cash
                 (used in)
                 provided by
                 operating
                 activities                48,252,519              9,739,525

    CASH FLOWS FROM INVESTING
     ACTIVITIES
        Payment for
         investment in
         unconsolidated
         affiliate                            440,070                     --
        Purchase of equipment               1,169,547                 28,051
        Advances for non
         current assets                     2,922,462                     --
        Purchase of
         intangible assets                  7,930,290
            Net cash used in
             investing
             activities                    12,462,369                 28,051

    CASH FLOWS FROM FINANCING
     ACTIVITIES
        Change in restricted
         cash                               3,374,360              1,030,317
        Proceeds from notes
         payable - banks                    3,374,360                 88,382
        Proceeds from short
         term bank loans                    3,667,250             21,985,500
        Payments on short
         term bank loans                    1,466,900                     --
        Payments on
         liquidated damage
         settlement                                --                615,018
        Payment on due to
         shareholder                          321,810                824,808
        Proceeds from
         shareholder                        3,862,842                668,449
        Proceeds from long
         term bank loans                    8,067,950                     --
            Net cash provided
             by financing
             activities                    13,809,332             22,332,822

    EFFECT OF EXCHANGE RATE
     ON CASH                                  454,553                 42,094

    (DECREASE) INCREASE IN
     CASH AND CASH EQUIVALENTS             46,451,003             32,002,202

    CASH AND CASH
     EQUIVALENTS, beginning               134,487,611             19,741,982

    CASH AND CASH
     EQUIVALENTS, ending                  $88,036,608            $51,744,184

    SUPPLEMENTAL DISCLOSURE
     OF CASH FLOW INFORMATION
        Cash paid for
         Interest expense                    $206,830               $369,146
        Cash paid for income
         taxes                             $2,388,504               $229,848

The build contract, valued at $33.8 million, includes $25.8 million construction principal and $8 million in interest, covers the design, construction and installation of two Semi-Dry Flue Gas Desulphurization ("FGD") Units, each of which is approximately 500 square meters in size, which collectively produce approximately 11 million tons of sinter mine annually. The project commenced at the Hebei Province Tangshan City Caofeidian Industry zone facility with initial engineering design work on January 1, 2010 and the installation will be completed by September 30, 2010. RINO anticipates these systems will filter at least 91.7% of the sulphur dioxide produced, from sinter mines.

The customer will make an initial payment of $4.0 million one year after the FGD Units have received product approval by the customer and environmental acceptance by the State Environmental Protection Department. The balance of the build contract amount will be paid in annual installments of approximately $3.0 million, which includes interest at a blended rate of 5.75%. Gross margins associated with the build contract are estimated at approximately 38%.

The operating contract, valued at approximately $84.3 million, has a 10- year term, will commence upon receipt of final State Environmental Protection Department approval. RINO will be responsible for daily operation of the two FGD Units installed under the build contract. This includes obtaining desulfurization supplies such as lime, and utilities, such as process water, power and compressed air, in addition to staff salaries, maintenance repair and FGD ash handling fees. Under the operating contract, the customer shall make annual payments to RINO of approximately $8.24 million through monthly installments. RINO will bear the utility expenses estimated at $6.21 million annually, which are the largest component of the operating costs. RINO will also receive $1.9 million for maintenance upgrades of the FGD Units in the fifth year.

After the final payments under the BOT Contracts, the ownership of the FGD Units will be transferred to Shougang Jingtang Iron & Steel Co., Ltd.

"We are extremely pleased to finalize this contract with Shougang Jingtang Iron & Steel Co., Ltd, a top Steel Producer in China with annual production of approximately 10 million tons," stated Mr. Zou Dejun, President and CEO of RINO International. "Shougang Jingtang Iron & Steel Co., Ltd. currently operates two sinters at its newly established production facilities measuring 1,000 square meters in total capacity. The Company has plans to double its capacity in the near term, which will create an incremental future opportunity for additional FDG systems."

"This is the first BOT agreement signed to date and is a means for meeting our customers' operating objectives while providing long term recurring revenue for RINO. This is a true win-win for both parties. We are encouraged by this new model and believe it will serve as a model for future agreements with top tier steel producers as the government continues to support installation of flue gas desulphurization systems and more actively regulates emission standards."

ABOUT RINO INTERNATIONAL

We are an industrial technology-based environmental protection and remediation company based in China. Specifically, through our subsidiaries and controlled affiliates in China, we are engaged in the business of designing, manufacturing, installing and servicing wastewater treatment and exhaust emission desulphurization equipment principally for use in China's iron and steel industry, and anti-oxidation products and equipment designed for use in the manufacture of hot rolled steel plate products. All of our products are custom-built for specific project installations, and we execute supply contracts during the design phase of our projects. Our products are all designed to reduce industrial pollution, energy utilization, or both.

    For more information, please contact:

    For the Company:
     Jenny Liu
     Tel:   +86-411-8766-2700
     Email: jennyliu@rinogroup.com

    Investors:
     Matt Hayden
     HC International, Inc.
     Tel:   +1-561-245-5155
     Email: matt.hayden@hcinternational.net

As previously disclosed, Rino International anticipates that the proceeds from this transaction will be used for working capital requirements.

The shares and warrants were sold by Rino International pursuant to a shelf registration statement declared effective by the Securities and Exchange Commission as of November 25, 2009 and an automatically effective amendment to that registration statement dated December 2, 2009.

Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (Nasdaq: RODM - News), acted as the exclusive placement agent for the transaction.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The shares of common stock may only be offered by means of a prospectus. Copies of the final prospectus supplement and accompanying base prospectus can be obtained from the SEC's website at http://www.sec.gov .

ABOUT RINO INTERNATIONAL

RINO is an industrial technology-based environmental protection and remediation company based in China. Specifically, through our subsidiaries and controlled affiliates in China, we are engaged in the business of designing, manufacturing, installing and servicing wastewater treatment and exhaust emission desulphurization equipment principally for use in China's iron and steel industry, and anti-oxidation products and equipment designed for use in the manufacture of hot rolled steel plate products. All of our products are custom-built for specific project installations, and we execute supply contracts during the design phase of our projects. Our products are all designed to reduce industrial pollution, energy utilization, or both.

    For more information, please contact:

    For the Company:
     Jenny Liu
     Tel:   +86-411-8766-2700
     Email: jennyliu@rinogroup.com

    Investors:
    HC International, Inc.
     Matt Hayden
     Tel:   +1-561-245-5155
     Email: matt.hayden@hcinternational.net

Under this contract, the Company will provide and install its Rotary Drum Film Dryer ("DWM") sludge treatment system in the Dalian Development District in two phases. The first phase has a contract value of $9.6 million and will commence in December 2009. The new sludge treatment system is expected to initiate operations by July 2010 and will achieve a processing capacity of 200 tons per day. After the $8.8 million second phase installation, which will commence in September 2010 and is expected to be online by February 2011, the processing capacity of the sludge treatment system will increase by an additional 200 tons per day. After the evaluation of various technologies and systems in the current market by the Dalian Development District Government for more than a year, RINO's DWM sludge treatment system was chosen for deployment. The gross margin associated with this contract is expected to be consistent with the margins achieved in RINO's existing business.

Mr. Zou, CEO and founder of RINO, stated, "We are extremely pleased to secure this contract which marks the official commercialization of our new energy efficient sludge treatment system. Developed in cooperation with the Dalian University of Technology, RINO's new sludge treatment system can be used to effectively process sludge generated during the municipal wastewater treatment process, in addition to sludge by-product created through various industrial and oil production processes. We estimate that the addressable market for this product in China is approximately $28.8 billion with municipal wastewater being a meaningful component and the principal growth driver during the next few years. This is significantly larger than the market for our desulphurization products."

To treat sludge, the first and most critical step is to remove water through a dehydration process, which condenses the sludge and allows it to be incinerated. Depending upon the heavy metal content in the processed sludge, the final product can be used as agricultural fertilizers, or, after further processing, a component in various construction materials. Such by-products of the sludge treatment system will create an additional revenue source to help offset the ongoing maintenance costs of the sludge treatment systems.

RINO's DWM sludge treatment technology, using superheated steam to dehydrate sludge, is able to reduce the water by 10% more than other treatment technologies that are now widely used in the PRC. In addition, the Company believes that the installation costs of its sludge treatment system are approximately 50% less than those installed with imported products and the daily operational costs are approximately 45% less.

The Chinese government recently promulgated a new regulation requiring at least 60% of municipal wastewater to be treated by 2010, which is expected to significantly increase the demand for proper sludge processing in China over the next several years. To achieve this goal, the government plans to increase the capacity of sludge processing to 30 million tons per year. Overall, RINO estimates that more than $500 billion in related construction costs and investments would be necessary in China to meet these objectives. RINO Management estimates that the cost to the municipality of processing one ton of sludge will vary from $12 to $19, depending on the steam source from its DWM treatment technology.

Dalian University of Technology has submitted a patent application in China for the Rotary Drum Film Dryer technology in China (Application number: 200710011115.0). Based on its exclusive license agreement with Dalian University of Technology, Dalian Rino, RINO's subsidiary in China, will pay an ongoing royalty of approximately 5% of sales to Dalian University.

About RINO International Corporation

RINO International Corporation, through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd., its contractually-controlled affiliate, Dalian RINO Environmental Engineering Science and Technology Co., Ltd. ("Dalian Rino") and Dalian Rino's wholly-owned subsidiaries, Dalian Rino Environmental Engineering Project Design Co., Ltd. and Dalian Rino Environmental Construction & Installation Project Co., Ltd., is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards. Additional information about the Company is available at the Company's website: http://www.rinogroup.com .

Cautionary Statement Regarding Forward-Looking Information

Certain statements made in this press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth "Risk Factors" contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q.

    For more information, please contact:

    For the Company:
     Jenny Liu, Chief Financial Officer
     Tel:   +86-411-8766-2700
     Email: jennyliu@rinogroup.com

    Investors:
     Matt Hayden
     Tel:   +1-561-245-5155
     Email: matt.hayden@hcinternational.net

Ms. Jenny Liu, Chief Financial Officer of RINO, is scheduled to present on behalf of RINO on Thursday, September 10, 2009 at 2:00 p.m. ET in the Louis Salon and 4:05 p.m. ET in the Kennedy II Salon (4th Floor). She will be accompanied by Ms. Qiu, Chairman of the Board of Directors, and Mr. Zou, CEO and founder, to host one-on-one meetings with conference attendees throughout the three-day event. The management team will discuss the products, customer base and addressable market, competitive landscape of the Company as well as some key environmental concerns that led to the recent policy changes of the Chinese government. The presentation will include a review of the Company's financial results in the second quarter of fiscal year 2009 and the Company's long-term growth strategy.

Registration is mandatory. For more information on the conference, contact your Rodman and Renshaw representative or to register please visit http://www.rodmanandrens... or email Lily Khaykina at lk@rodmanrenshaw.com . Please book all one-on-one requests directly through the meeting software interface provided by Rodman and Renshaw.

The presentation will be available via webcast. To register, please visit http://www.rinogroup.com .

Cautionary Statement Regarding Forward-Looking Information

Certain statements made in the presentation may contain forward-looking statements. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth "Risk Factors" contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q.

    For more information, please contact:

    For the Company:
     Jenny Liu
     Tel:   +86-411-8766-2700
     Email: jennyliu@rinogroup.com

    Investors:
    HC International, Inc.
     Matt Hayden
     Tel:   +1-561-245-5155
     Email: matt.hayden@hcinternational.net

DALIAN, China, May 14 /PRNewswire-Asia-FirstCall/ -- RINO International Corp. (OTC Bulletin Board: RINO.OB), through its subsidiaries and controlled affiliates in the People's Republic of China (collectively, the "Company" or "RINO"), designs, manufactures, installs and services proprietary and patented wastewater treatment, desulphurization equipment, and high temperature a nti- oxidation systems for iron and steel manufacturers in the People's Republic of China ("PRC"), today announced its 2009 Q1 financial results conference call scheduled for 10:00 a.m. ET, May 18th, 2009. To attend the call, please use the dial information below. When prompted, ask for the "RINO International Call" and/or be prepared to provide the conference ID.

    Date:                           May 18th, 2009
    Time:                           10:00 a.m. ET
    Conference Line Dial-In (U.S.): 1 888-549-7880
    International Dial-In:          + 1 480-629-9867
    Conference ID:                  4080050
    Webcast link:                   http://viavid.net/dce.aspx?sid=000064BE

Please dial in at least 10 minutes before the call to ensure timely participation. A playback will be available through May 25th, 2009. To listen, please call 800-406-7325 within the United States or +1 303-590-3030 when calling internationally. Utilize the pass code 4080050 for the replay.

This call is being webcast by ViaVid Broadcasting and can be accessed by clicking on this link http://www.viavid.net , where the webcast can be accessed through May 17, 2010.

About RINO International Corporation

RINO International Corporation, through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd., its contractually-controlled affiliate, Dalian RINO Environmental Engineering Science and Technology Co., Ltd. ("Dalian Rino") and Dalian Rino Environment Project Design Co., Ltd., a wholly-owned subsidiary of Dalian Rino, is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Additional information about the Company is available at the Company's website: http://www.rinogroup.com .

Cautionary Statement Regarding Forward-Looking Information

Certain statement in this press release may contain forward-looking information about the Company. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth "Risk Factors" contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and the Registration Statement on Form SB-2, as amended, filed with the SEC on November 19, 2007.

    For more information, please contact:

    For the Company:
     Amy Qiu
     Tel:   +86-411-8766-1233
     Email: aqiu@rinogroup.com

    Investor Relations:
     Matt Hayden
     HC International, Inc.
     Tel:   +1-561-245-5155
     Email: matt.hayden@hcinternational.net

As part of the Private Financing, on September 27, 2007, the Company and the investors in the Private Financing and certain other parties entered into (i) Securities Purchase Agreement, (ii) Registration Rights Agreement, and (iii) Escrow Agreement.

The Amendment Agreement amends the relevant provisions of the Securities Purchase Agreement and the Registration Rights Agreement, respectively, such that (i) no amount of liquidated damages shall have been incurred and payable to the investors due to the late appointment of independent directors, (ii) the liquidated damages incurred due to the late effectiveness of the registration statement shall be paid in the form of shares of the Company's common stock of up to 192,045 shares, valued at $4.48 per share, or, at the election of each investor, in cash of (up to an aggregate of $860,362 to all investors), each as provided in the Amendment Agreement, and (iii) the Escrow Agreement to reflect the amendments made to the Securities Purchase Agreement with regard to the distribution of the Board Holdback Escrow. If shares are received, the share certificates will bear a restrictive legend. Such shares will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

In addition, RINO agreed to hire a chief financial officer who is an expert in US GAAP and auditing procedures and compliance for US public companies within three months of the finalizing of these agreements. If the company fails to comply it agrees to pay additional liquidated damages in the amount of 96,023 common shares, or $430,181 in cash, at the election of the investors who participated in the Private Financing.

About RINO International Corporation

RINO International Corporation, through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd., its contractually-controlled affiliate, Dalian RINO Environmental Engineering Science and Technology Co., Ltd. ("Dalian Rino"), with Dalian Rino Environmental Project Design Co., Ltd. and Dalian Rino Environmental Construction & Installation Project Co., Ltd. as two wholly-owned subsidiaries of Dalian Rino, is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Additional information about the Company is available at the Company's website: http://www.rinogroup.com .

Cautionary Statement Regarding Forward-Looking Information

Certain statements in this press release may contain forward-looking information about the Company. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including, without limitation, the risks set forth "Risk Factors" contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and the Company's Prospectus dated October 2, 2008.

    For more information, please contact:

    For the Company:
     Amy Qiu
     Tel:   +86-411-8766-1233
     Email: aqiu@rinogroup.com

    Investors:
     Matt Hayden
     HC International, Inc.
     Tel:   +1-561-245-5155
     Email: matt.hayden@hcinternational.net

    RINO International Corp. Announces Record 2008 Revenue and Net Income

   -- Fourth Quarter 2008 Sales Increase 136.5% to $40.8 million, *Adjusted
         Net Income Increases 12.0% to $7.0 million with EPS of $0.28

   -- Fiscal Year 2008 Sales Increase 119.8% to $139.3 million, **Adjusted
        Net Income Increases 119.9% to $39.0 million with EPS of $1.56

         -- Cash & Equivalents of $19.7 million on December 31, 2008

    -- Reaffirms 2009 Guidance: Revenues expected to exceed $176.5 million

   -- Management to Host Earnings Conference Call on April 3 at 10:00 am ET

DALIAN, China, April 3 /PRNewswire-Asia-FirstCall/ -- RINO International Corp. (OTC Bulletin Board: RINO - News), which through its subsidiaries and controlled affiliates in the People's Republic of China (collectively, the "Company" or "RINO"), designs, manufactures, installs and services proprietary and patented wastewater treatment, desulphurization equipment, and high temperature anti- oxidation systems for iron and steel manufacturers in the People's Republic of China ("PRC"), today announced the Company's financial results for the fourth quarter and fiscal year 2008.

    SUMMARY FINANCIALS

    Fourth Quarter 2008 Results (Unaudited)

                                  Q4 2008        Q4 2007              CHANGE
    Sales                   $40.8 million  $17.3 million            +136.5 %
    Gross Profit            $10.8 million   $8.1 million             +32.1 %
    GAAP Net Income (Loss)   $1.0 million  ($1.2 million)           +183.0 %
    Adjusted Net Income*     $7.0 million   $6.3 million             +12.0 %
    GAAP EPS (Diluted)              $0.04         ($0.12)           +133.3 %
    Adjusted EPS (Diluted)*         $0.28        0.26***              +7.7 %

    Fiscal Year 2008 Results
                                  FY 2008        FY 2007             CHANGE
    Sales                  $139.3 million  $63.4 million             +119.8 %
    Gross Profit            $54.3 million  $30.5 million              +78.3 %
    GAAP Net Income         $21.3 million  $10.2 million             +108.3 %
    Adjusted Net Income**   $39.0 million  $17.7 million             +119.9 %
    GAAP EPS (Fully Diluted)        $0.85          $0.52              +63.5 %
    Adjusted EPS (Diluted)**        $1.55          $0.90              +72.2 %


    * Adjusted Net Income and EPS in the Q4 2008 and 2007 are non-GAAP
      calculations and do not include non-cash, stock-based compensation
      charges of $6.0 million and $7.5 million, respectively, related mainly
      to the "Make Good" provision of an October 2008 financing agreement.
      Note that taxes were accrued in 2007 with none in 2008.
    ** Adjusted Net Income and EPS in the Fiscal Year 2008 and 2007 are
       non-GAAP calculations and do not include non-cash, stock-based
       compensation charges of $17.7 million and $7.5 million, respectively,
       related mainly to the "Make Good" provision of an October 2008
       financing agreement. Adjusted Net Income and EPS for fiscal year 2007
       were adjusted based on the normalized tax rate for 2007.
    *** Share count utilized for 2007 Q4 EPS Calculation was 19.7 million vs.
        the 25.1 million for Q4 2008

2008 Fourth Quarter Financial Results (unaudited)

Net revenues for the fourth quarter ended December 31, 2008 increased 136.5% to $40.8 million compared to $17.3 million for the fourth quarter in 2007. Revenue growth was driven by increased sales from all of the Company's product lines and revenues exceeded previously issued guidance by approximately 20%. Specifically during the fourth quarter, the Company recorded $30.1 million in revenue from desulphurization projects, an increase of 140.8% from $12.5 million in same period in 2007, $1.8 million in wastewater treatment system sales, an increase of 232.3% over fourth quarter of 2007, $2.8 million in sales of anti-oxidation equipment and coatings compared to $8,000 recorded in the same period of 2007, and $6.1 million in machining service revenues, an increase of 45.2% from the $4.2 million recorded in the same period of 2007.

Cost of goods sold for the fourth quarter of 2008 was $30.0 million compared to $9.1 million in the same period of 2007, an increase of 229.8%, which was driven mainly by increased sales, in addition to costs associated with hiring outside contractors in order to meet specific installation timelines, something the Company does not expect to be a recurring cost.

Gross profit was $10.8 million in the fourth quarter 2008 compared to $8.1 million for the same period in 2007, an increase of $2.6 million or 32.1%. Corresponding gross margins for the fourth quarters of 2008 and 2007 were approximately 26.4% and 47.2%, respectively. The decrease in gross margin is attributable to the higher costs incurred during the fourth quarter of 2008 in addition to the absence of higher margin royalty revenue which was present during 2007.

Total operating expenses for the fourth quarter of 2008 were $10.7 million versus $8.6 million for the same period in 2007. Excluding the non-cash equity compensation charge of $6.0 million and $7.5 million recorded during the fourth quarters of 2008 and 2007, respectively, operating income for the fourth quarters of 2008 and 2007 would have been $6.1 million and $7.0 million with operation margins of 14.9% and 40.7% respectively.

GAAP net income for the fourth quarter of 2008 was $1.0 million compared to a net loss of $1.2 million reported in the fourth quarter of 2007, representing diluted earnings per share of $0.04 and a negative $0.12 for the fourth quarter of 2007, based on 25.1 million and 19.7 million shares outstanding, respectively. Adjusted net income, excluding equity compensation expenses of $6.0 million and $7.5 million, respectively, was $7.0 million for the fourth quarter of 2008 compared to $6.3 million for fourth quarter of 2007, equating to earnings of $0.28 and $0.26 per diluted share, respectively. The Company accrued for taxes in 2007 and did not for 2008.

"We are pleased with our financial results for the fourth quarter and the fiscal year 2008," stated Mr. Zou Dejun, President and CEO of RINO International, "We have continued to deliver year-over-year growth in each of our product lines including our new anti-oxidation systems and coatings, while significantly increasing our customer base and geographic footprint in China. We are confident that the drivers in place, including increasing demand for environmental protection equipment supported by key government incentives, will enable us to deliver incremental revenue and earnings growth for our Company during 2009."

    Full Year 2008 Results (Audited)

    Fiscal Year 2008 Revenue Breakdown
                                    FY 2008          FY 2007           CHANGE
    Waste Water Treatment    $ 14.4 million  $   7.0 million         +107.3 %
    % of Sales                        10.4%            11.0%
    Desulphurization
     Equipment              $ 105.3 million   $ 33.1 million         +217.7 %
    % of Sales                        75.6%            52.3%
    Anti-oxidation equipment
     & coatings               $ 5.7 million    $ 2.0 million         +192.3 %
    % of Sales                         4.1%             3.1%
    Machining services       $ 13.9 million   $ 11.9 million          +16.9 %
                                       9.9%            18.7%
    Other services                       --     $9.5 million         -100.0 %
                                                       14.9%
    Total Sales             $ 139.3 million   $ 63.4 million         +119.8 %

Revenue increased 119.8% to $139.3 million for the fiscal year ended December 31, 2008, as compared to $63.4 million for 2007. The Company's customer base was further diversified and revenue generation was much less concentrated as the top six customers accounted for 34.7% of the total gross revenues during 2008.

Gross profits for 2008 were $54.3 million compared to $30.5 million in 2007, an increase of 78.3%. Gross margins were 39.0% for 2008 compared to 48.1% in 2007, with the decrease related mainly to the absence of royalty based income recorded during 2007 and higher expenses for outsourcing incurred during the fourth quarter of 2008. Operating income for 2008 totaled $21.6 million, an increase of 36.8% compared to $15.8 million in 2007 with margins of 15.5% compared to 25.0% in 2007. Excluding the non-cash equity compensation charges of $17.7 million and $7.5 million incurred during 2008 and 2007, adjusted operating income for 2008 was $39.3 million, an increase of 68.7% from the $23.3 million in 2007. Adjusted operating margins were 28.2% for 2008 versus 36.8% for 2007 with 2007's margins being positively impacted by the high margin royalty revenue absent in 2008.

GAAP Net income was $21.3 million for the year ended December 31, 2008, an increase of $11.1 million, or approximately 108.3% compared to 2007. Earnings per diluted share in 2008 were $0.85, based on 25.1 million shares outstanding, compared to $0.52, based on 19.7 million shares outstanding, for 2007. Adjusted net income (Non GAAP), excluding the equity compensation charge and taking 2007 taxes into consideration, was $38.9 million, or $1.55 per diluted share for 2008 compared to $17.7 million, or $0.90 per diluted share for 2007. The Company surpassed its "Make Good" target of $28.0 million in after tax net income.

"We have aggressively capitalized on the opportunity created by State Environmental Protection Agency (SEPA) mandates aimed at significantly reducing sulphur emitted by iron and steel producers by completing 25 desulphurization projects in 2008, making us the dominant industry player in China. Tax credits and subsidies for steel producers, in addition to fines related to strict emission enforcement, has driven rapid adoption and we currently estimate that there are still approximately 200 coal-fired sinters which still need to be equipped, creating over a billion dollar opportunity in this product segment alone. While large desulphurization systems will comprise the majority of our revenues for 2009, we are intently focused on further diversifying our business through increased sales of anti-oxidation equipment and the coatings which accompany it. In addition, we are enthusiastic about the opportunity for our new sludge treatment product which addresses a market significantly larger than our current product portfolio and will be formally introduced to the market during the next several months," concluded Mr. Zou.

Balance Sheet and Cash Flow Discussion

Cash and cash equivalents as of December 31, 2008 were $19.7 million, representing an increase of 167.1% as compared to $7.4 million as of December 31, 2007, while short term debt stood at $8.8 million compared to none at the end of 2007. Accounts receivable stood at $51.5 million on December 31, 2008 with days sales outstanding of 115 compared to $19.2 million on December 31, 2007 and corresponding days sales outstanding of 102. Inventories and advances for inventory totaled $23.2 million on December 31, 2008. The Company generated $6.0 million in cash flow from operations for 2008, compared with $5.0 million cash used in operations in 2007. Stockholder's equity increased 182.4% to $66.9 million versus $23.7 million in 2007, with the associated book value on December 31, 2008 of approximately $2.67 per share compared to $0.95 in the year ago period.

2009 Guidance

Management is reiterating its revenue guidance for calendar 2009 of $176.5 million, representing at least 26.7% year-over-year growth. Revenue growth is projected in all of its business lines, including at least 10% for wastewater treatment, 50% for desulphurization, and 300% for anti-oxidation. Management believes gross margins for 2009 will range from 35% to 40%, with fluctuations possible on a quarterly basis due to outsourcing work necessary to meet installation requirements and deadlines across a large number of projects. As anti-oxidation coating revenue increases on an absolute basis it will have a modest positive impact on associated gross margins. Guidance does not include contributions from the Company's planned launch of its new sludge dehydration product. In addition, the Company believes that cash on hand, its $15 million bank line with Pudong Development Bank of Shanghai, and cash flow from operations will enable it to meet these projections.

Conference Call

The Company will host a conference call on April 3, 2009, at 10:00 am ET. To attend the call, please use the dial information below. When prompted, ask for the "RINO International Call" and/or be prepared to provide the conference ID.

    Date:                           April 3, 2009
    Time:                           10:00 am ET
    Conference Line Dial-In (U.S.): +1 800-762-8779
    International Dial-In:          +1 480-248-5085
    Conference ID:                  4048548
    Webcast link:                   http://viavid.net/dce.aspx?sid=00006153

Please dial in at least 10-minutes before the call to ensure timely participation. A playback will be available through April 9th, 2009. To listen, please call 800-406-7325 within the United States or +1 303-590-3030 when calling internationally. Utilize the pass code 4048548 for the replay.

About RINO International Corporation

RINO International Corporation, through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd., its contractually-controlled affiliate, Dalian RINO Environmental Engineering Science and Technology Co., Ltd. ("Dalian Rino") and Dalian Rino Environment Project Design Co., Ltd., a wholly-owned subsidiary of Dalian Rino, is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Additional information about the Company is available at the Company's website: http://www.rinogroup.com .

Cautionary Statement Regarding Forward-Looking Information

Certain statement in this press release may contain forward-looking information about the Company. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including, without limitation, the risks set forth "Risk Factors" contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and the Company's Registration Statement on Form SB-2, as amended, filed with the SEC on November 19, 2007.

    For more information, please contact:

    For the Company:
     Amy Qiu
     Tel:   +86-411-8766-1233
     Email: aqiu@rinogroup.com

    Investors:
     Matt Hayden
     HC International, Inc.
     Tel:   +1-561-245-5155
     Email: matt.hayden@hcinternational.net



                 RINO INTERNATIONAL CORPORATION AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                         AS OF DECEMBER 31, 2008 AND 2007

                                                     2008             2007
    ASSETS

    CURRENT ASSETS
    Cash and cash equivalents                     $19,741,982      $7,390,631
    Restricted cash                                 1,030,317       1,000,000
    Notes receivable                                2,157,957         202,670
    Accounts receivable                            51,503,245      19,222,133
    Costs and estimated earnings in
     excess of billings on uncompleted
     contracts                                             --       2,818,122
    Inventories                                     1,203,448         178,480
    Advances for inventory purchase                21,981,669      12,092,202
    Other current assets and prepaid
     expenses                                         517,847       1,174,464
    Total current assets                           98,136,465      44,078,702

    PROPERTY, PLANT AND EQUIPMENT, NET             13,197,119      11,000,581

    OTHER ASSETS
    Accounts receivable (non-current)                      --       1,618,203
    Prepaid expenses (non-current)                     73,350          95,706
    Advances for equipment and
     construction material purchase                 5,550,966       3,751,343
    Prepayment for land use right                     458,292         428,301
    Intangible assets, net                          1,211,608       1,190,289
    Total other assets                              7,294,216       7,083,842

    Total assets                                 $118,627,800     $62,163,125

    LIABILITIES AND SHAREHOLDERS' EQUITY

    CURRENT LIABILITIES
    Accounts payable                               $5,816,714      $2,534,858
    Short-term loan                                 8,802,000              --
    Customer deposits                               3,609,407         116,214
    Liquidated damages payable                      2,598,289       1,000,000
    Other payables and accrued
     liabilities                                      746,267         686,031
    Due to a stockholder                              596,023         106,963
    Taxes payable                                   5,062,901       9,541,603
    Total current liabilities                      27,231,601      13,985,669

    REDEEMABLE COMMON STOCK ($0.0001 par
     value, 5,464,357 shares issued with
     conditions for redemption outside
     the control of the company)                   24,480,319      24,480,319

    COMMITMENTS AND CONTINGENCIES                          --              --

    SHAREHOLDERS' EQUITY
    Preferred Stock ($0.0001 par value,
     50,000,000 shares authorized,  none
     issued and outstanding)                               --              --
    Common Stock ($0.0001 par value,
     10,000,000,000 shares authorized,
     25,040,000 and 25,000,000 shares
     issued and outstanding as of
     December 31, 2008 and 2007,
     respectively)                                      2,504           2,500
    Additional paid-in capital                     25,924,007       8,221,663
    Retained earnings                              28,570,948      11,376,163
    Statutory reserves                              6,196,478       2,109,539
    Accumulated other comprehensive
     income                                         6,221,943       1,987,272
    Total shareholders' equity                     66,915,880      23,697,137
    Total liabilities and shareholders'
     equity                                      $118,627,800     $62,163,125



                 RINO INTERNATIONAL CORPORATION AND SUBSIDIARIES
        CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME
                 FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007

                                                       2008             2007
    REVENUES:
    Contracts                                  $119,920,874      $42,073,308
    Services                                     19,422,523       21,313,500
                                                139,343,397       63,386,808

    COST OF SALES
    Cost of contracts                            74,247,181       24,170,825
    Cost of services                             10,099,616        8,178,852
    Depreciation                                    662,436          571,267
                                                 85,009,233       32,920,944

    GROSS PROFIT                                 54,334,164       30,465,864

    OPERATING EXPENSES
    Selling, general and administrative
     expenses                                    14,760,562        6,565,640
    Research and development                        245,920          581,846
    Stock compensation expense                   17,678,080        7,499,520
    TOTAL OPERATING EXPENSES                     32,684,562       14,647,006

    INCOME FROM OPERATIONS                       21,649,602       15,818,858

    OTHER INCOME -EXPENSE), NET
    Other income                                     75,914           12,926
    Interest income                                 130,181           32,065
    Interest expense                               (513,830)        (564,353)
    Other expenses                                  (60,143)         (55,917)
    TOTAL OTHER EXPENSES, NET                      (367,878)        (575,279)

    INCOME BEFORE PROVISION FOR INCOME
     TAXES                                       21,281,724       15,243,579

    PROVISION FOR INCOME TAXES                           --        5,024,774

    NET INCOME                                   21,281,724       10,218,805

    OTHER COMPREHENSIVE INCOME:
    Foreign currency translation
     adjustment                                   4,234,671        1,789,994

    COMPREHENSIVE INCOME                        $25,516,395      $12,008,799

    WEIGHTED AVERAGE NUMBER OF SHARES:
    Basic                                        25,040,000       19,611,510
    Diluted                                      25,148,178       19,694,481

    EARNINGS PER SHARE:
    Basic                                             $0.85            $0.52
    Diluted                                           $0.85            $0.52



                 RINO INTERNATIONAL CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                  FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007

                                                   2008               2007
    CASH FLOWS FROM OPERATING ACTIVITIES
    Net income                                 $21,281,724        $10,218,805
    Adjusted to reconcile net income to
     cash provided by -used in)
     operating activities:
    Depreciation                                   806,625            658,937
    Amortization                                    65,651             11,654
    Imputed interest                                24,268             33,019
    Amortization of  long term prepaid
     expense                                        28,830             42,667
    Stock compensation expense                  17,678,080          7,586,724
    Liquidated damage expense                    1,598,289                 --
    Changes in operating assets and
     liabilities
    Notes receivable                            (1,906,766)                --
    Accounts receivable                        (28,635,455)       (14,435,613)
    Costs and estimated earnings in
     excess of billings on uncompleted
     contracts                                   2,971,223         (2,705,985)
    Inventories                                   (994,352)           (57,130)
    Advances for inventory purchase             (8,850,435)       (11,337,385)
    Other current assets and prepaid
     expenses                                      512,905         (1,043,339)
    Accounts payable                             3,043,036         (1,525,537)
    Customer deposits                            3,424,139                 --
    Other payables and accrued
     liabilities                                    12,662           (138,641)
    Taxes payable                               (5,085,079)         8,393,777
    Deferred tax liabilities                            --           (672,947)
    Net cash provided by -used in)
     operating activities                        5,975,345         (4,970,994)

    CASH FLOWS FROM INVESTING ACTIVITIES
    Purchase of property and equipment          (2,176,132)          (831,886)
    Advances for construction material
     and equipment purchase                     (1,283,107)        (3,053,405)
    Prepayment for land use right                       --           (410,125)
    Purchase of intangible assets                       --           (380,717)
    Net cash used in investing
     activities                                 (3,459,239)        (4,676,133)

    CASH FLOWS FROM FINANCING ACTIVITIES
    Contribution by stockholders                        --              1,780
    Net proceeds from redeemable
     preferred stock issuance in private
     placement                                          --         22,253,722
    Payment on due to shareholder                       --           (361,098)
    Proceeds from shareholder advances             472,979                 --
    Increase of restricted cash                    (30,317)        (1,000,000)
    Proceeds from short-term bank loan          15,712,000                 --
    Repayment of short-term bank loan           (7,310,000)        (7,876,910)
    Net cash provided by financing
     activities                                  8,844,662         13,017,494

    EFFECT OF EXCHANGE RATE ON CASH                990,583            415,914

    INCREASE IN CASH AND CASH
     EQUIVALENTS                                12,351,351          3,786,281

    CASH AND CASH EQUIVALENTS, beginning         7,390,631          3,604,350

    CASH AND CASH EQUIVALENTS, ending          $19,741,982         $7,390,631

    Cash paid during the period for:
    Interest                                      $480,902           $531,334
    Income taxes                                $5,434,122           $519,258

DALIAN, China, April 2 /PRNewswire-Asia-FirstCall/ -- RINO International Corp. (OTC Bulletin Board: RINO - News), which through its subsidiaries and controlled affiliates in the People's Republic of China (collectively, the "Company" or "RINO"), designs, manufactures, installs and services proprietary and patented wastewater treatment, desulphurization equipment, and high temperature anti- oxidation systems for iron and steel manufacturers in the People's Republic of China ("PRC"), today announced the Company's financial results for the fourth quarter and fiscal year 2008.

    SUMMARY FINANCIALS

    Fourth Quarter 2008 Results (Unaudited)

                                  Q4 2008        Q4 2007              CHANGE
    Sales                   $40.8 million  $17.3 million            +136.5 %
    Gross Profit            $10.8 million   $8.1 million             +32.1 %
    GAAP Net Income (Loss)   $1.0 million  ($1.2 million)           +183.0 %
    Adjusted Net Income*     $7.0 million   $6.3 million             +12.0 %
    GAAP EPS (Diluted)              $0.04         ($0.12)           +133.3 %
    Adjusted EPS (Diluted)*         $0.28        0.26***              +7.7 %

    Fiscal Year 2008 Results
                                  FY 2008        FY 2007             CHANGE
    Sales                  $139.3 million  $63.4 million             +119.8 %
    Gross Profit            $54.3 million  $30.5 million              +78.3 %
    GAAP Net Income         $21.3 million  $10.2 million             +108.3 %
    Adjusted Net Income**   $39.0 million  $17.7 million             +119.9 %
    GAAP EPS (Fully Diluted)        $0.85          $0.52              +63.5 %
    Adjusted EPS (Diluted)**        $1.55          $0.90              +72.2 %


    * Adjusted Net Income and EPS in the Q4 2008 and 2007 are non-GAAP
      calculations and do not include non-cash, stock-based compensation
      charges of $6.0 million and $7.5 million, respectively, related mainly
      to the "Make Good" provision of an October 2008 financing agreement.
      Note that taxes were accrued in 2007 with none in 2008.
    ** Adjusted Net Income and EPS in the Fiscal Year 2008 and 2007 are
       non-GAAP calculations and do not include non-cash, stock-based
       compensation charges of $17.7 million and $7.5 million, respectively,
       related mainly to the "Make Good" provision of an October 2008
       financing agreement. Adjusted Net Income and EPS for fiscal year 2007
       were adjusted based on the normalized tax rate for 2007.
    *** Share count utilized for 2007 Q4 EPS Calculation was 19.7 million vs.
        the 25.1 million for Q4 2008

2008 Fourth Quarter Financial Results (unaudited)

Net revenues for the fourth quarter ended December 31, 2008 increased 136.5% to $40.8 million compared to $17.3 million for the fourth quarter in 2007. Revenue growth was driven by increased sales from all of the Company's product lines and revenues exceeded previously issued guidance by approximately 20%. Specifically during the fourth quarter, the Company recorded $30.1 million in revenue from desulphurization projects, an increase of 140.8% from $12.5 million in same period in 2007, $1.8 million in wastewater treatment system sales, an increase of 232.3% over fourth quarter of 2007, $2.8 million in sales of anti-oxidation equipment and coatings compared to $8,000 recorded in the same period of 2007, and $6.1 million in machining service revenues, an increase of 45.2% from the $4.2 million recorded in the same period of 2007.

Cost of goods sold for the fourth quarter of 2008 was $30.0 million compared to $9.1 million in the same period of 2007, an increase of 229.8%, which was driven mainly by increased sales, in addition to costs associated with hiring outside contractors in order to meet specific installation timelines, something the Company does not expect to be a recurring cost.

Gross profit was $10.8 million in the fourth quarter 2008 compared to $8.1 million for the same period in 2007, an increase of $2.6 million or 32.1%. Corresponding gross margins for the fourth quarters of 2008 and 2007 were approximately 26.4% and 47.2%, respectively. The decrease in gross margin is attributable to the higher costs incurred during the fourth quarter of 2008 in addition to the absence of higher margin royalty revenue which was present during 2007.

Total operating expenses for the fourth quarter of 2008 were $10.7 million versus $8.6 million for the same period in 2007. Excluding the non-cash equity compensation charge of $6.0 million and $7.5 million recorded during the fourth quarters of 2008 and 2007, respectively, operating income for the fourth quarters of 2008 and 2007 would have been $6.1 million and $7.0 million with operation margins of 14.9% and 40.7% respectively.

GAAP net income for the fourth quarter of 2008 was $1.0 million compared to a net loss of $1.2 million reported in the fourth quarter of 2007, representing diluted earnings per share of $0.04 and a negative $0.12 for the fourth quarter of 2007, based on 25.1 million and 19.7 million shares outstanding, respectively. Adjusted net income, excluding equity compensation expenses of $6.0 million and $7.5 million, respectively, was $7.0 million for the fourth quarter of 2008 compared to $6.3 million for fourth quarter of 2007, equating to earnings of $0.28 and $0.26 per diluted share, respectively. The Company accrued for taxes in 2007 and did not for 2008.

"We are pleased with our financial results for the fourth quarter and the fiscal year 2008," stated Mr. Zou Dejun, President and CEO of RINO International, "We have continued to deliver year-over-year growth in each of our product lines including our new anti-oxidation systems and coatings, while significantly increasing our customer base and geographic footprint in China. We are confident that the drivers in place, including increasing demand for environmental protection equipment supported by key government incentives, will enable us to deliver incremental revenue and earnings growth for our Company during 2009."

    Full Year 2008 Results (Audited)

    Fiscal Year 2008 Revenue Breakdown
                                    FY 2008          FY 2007           CHANGE
    Waste Water Treatment    $ 14.4 million  $   7.0 million         +107.3 %
    % of Sales                        10.4%            11.0%
    Desulphurization
     Equipment              $ 105.3 million   $ 33.1 million         +217.7 %
    % of Sales                        75.6%            52.3%
    Anti-oxidation equipment
     & coatings               $ 5.7 million    $ 2.0 million         +192.3 %
    % of Sales                         4.1%             3.1%
    Machining services       $ 13.9 million   $ 11.9 million          +16.9 %
                                       9.9%            18.7%
    Other services                       --     $9.5 million         -100.0 %
                                                       14.9%
    Total Sales             $ 139.3 million   $ 63.4 million         +119.8 %

Revenue increased 119.8% to $139.3 million for the fiscal year ended December 31, 2008, as compared to $63.4 million for 2007. The Company's customer base was further diversified and revenue generation was much less concentrated as the top six customers accounted for 34.7% of the total gross revenues during 2008.

Gross profits for 2008 were $54.3 million compared to $30.5 million in 2007, an increase of 78.3%. Gross margins were 39.0% for 2008 compared to 48.1% in 2007, with the decrease related mainly to the absence of royalty based income recorded during 2007 and higher expenses for outsourcing incurred during the fourth quarter of 2008. Operating income for 2008 totaled $21.6 million, an increase of 36.8% compared to $15.8 million in 2007 with margins of 15.5% compared to 25.0% in 2007. Excluding the non-cash equity compensation charges of $17.7 million and $7.5 million incurred during 2008 and 2007, adjusted operating income for 2008 was $39.3 million, an increase of 68.7% from the $23.3 million in 2007. Adjusted operating margins were 28.2% for 2008 versus 36.8% for 2007 with 2007's margins being positively impacted by the high margin royalty revenue absent in 2008.

GAAP Net income was $21.3 million for the year ended December 31, 2008, an increase of $11.1 million, or approximately 108.3% compared to 2007. Earnings per diluted share in 2008 were $0.85, based on 25.1 million shares outstanding, compared to $0.52, based on 19.7 million shares outstanding, for 2007. Adjusted net income (Non GAAP), excluding the equity compensation charge and taking 2007 taxes into consideration, was $38.9 million, or $1.55 per diluted share for 2008 compared to $17.7 million, or $0.90 per diluted share for 2007. The Company surpassed its "Make Good" target of $28.0 million in after tax net income.

"We have aggressively capitalized on the opportunity created by State Environmental Protection Agency (SEPA) mandates aimed at significantly reducing sulphur emitted by iron and steel producers by completing 25 desulphurization projects in 2008, making us the dominant industry player in China. Tax credits and subsidies for steel producers, in addition to fines related to strict emission enforcement, has driven rapid adoption and we currently estimate that there are still approximately 200 coal-fired sinters which still need to be equipped, creating over a billion dollar opportunity in this product segment alone. While large desulphurization systems will comprise the majority of our revenues for 2009, we are intently focused on further diversifying our business through increased sales of anti-oxidation equipment and the coatings which accompany it. In addition, we are enthusiastic about the opportunity for our new sludge treatment product which addresses a market significantly larger than our current product portfolio and will be formally introduced to the market during the next several months," concluded Mr. Zou.

Balance Sheet and Cash Flow Discussion

Cash and cash equivalents as of December 31, 2008 were $19.7 million, representing an increase of 167.1% as compared to $7.4 million as of December 31, 2007, while short term debt stood at $8.8 million compared to none at the end of 2007. Accounts receivable stood at $51.5 million on December 31, 2008 with days sales outstanding of 115 compared to $19.2 million on December 31, 2007 and corresponding days sales outstanding of 102. Inventories and advances for inventory totaled $23.2 million on December 31, 2008. The Company generated $6.0 million in cash flow from operations for 2008, compared with $5.0 million cash used in operations in 2007. Stockholder's equity increased 182.4% to $66.9 million versus $23.7 million in 2007, with the associated book value on December 31, 2008 of approximately $2.67 per share compared to $0.95 in the year ago period.

2009 Guidance

Management is reiterating its revenue guidance for calendar 2009 of $176.5 million, representing at least 26.7% year-over-year growth. Revenue growth is projected in all of its business lines, including at least 10% for wastewater treatment, 50% for desulphurization, and 300% for anti-oxidation. Management believes gross and operating margins for 2009 will be similar to 2008, adjusted for non cash equity compensation expenses which will not be present during 2009, and may experience a slight improvement as a greater amount of anti-oxidation coating is produced and sold. Guidance does not include contributions from the Company's planned launch of its new sludge dehydration product. In addition, the Company believes that cash on hand, its $15 million bank line with Pudong Development Bank of Shanghai, and cash flow from operations will enable it to meet these projections.

Conference Call

The Company will host a conference call on April 3, 2009, at 10:00 am ET. To attend the call, please use the dial information below. When prompted, ask for the "RINO International Call" and/or be prepared to provide the conference ID.

    Date:                           April 3, 2009
    Time:                           10:00 am ET
    Conference Line Dial-In (U.S.): +1 800-762-8779
    International Dial-In:          +1 480-248-5085
    Conference ID:                  4048548
    Webcast link:                   http://viavid.net/dce.aspx?sid=00006153

Please dial in at least 10-minutes before the call to ensure timely participation. A playback will be available through April 9th, 2009. To listen, please call 800-406-7325 within the United States or +1 303-590-3030 when calling internationally. Utilize the pass code 4048548 for the replay.

About RINO International Corporation

RINO International Corporation, through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd., its contractually-controlled affiliate, Dalian RINO Environmental Engineering Science and Technology Co., Ltd. ("Dalian Rino") and Dalian Rino Environment Project Design Co., Ltd., a wholly-owned subsidiary of Dalian Rino, is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Additional information about the Company is available at the Company's website: http://www.rinogroup.com .

Cautionary Statement Regarding Forward-Looking Information

Certain statement in this press release may contain forward-looking information about the Company. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including, without limitation, the risks set forth "Risk Factors" contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and the Company's Registration Statement on Form SB-2, as amended, filed with the SEC on November 19, 2007.

    For more information, please contact:

    For the Company:
     Amy Qiu
     Tel:   +86-411-8766-1233
     Email: aqiu@rinogroup.com

    Investors:
     Matt Hayden
     HC International, Inc.
     Tel:   +1-561-245-5155
     Email: matt.hayden@hcinternational.net



                 RINO INTERNATIONAL CORPORATION AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                         AS OF DECEMBER 31, 2008 AND 2007

                                                     2008             2007
    ASSETS

    CURRENT ASSETS
    Cash and cash equivalents                     $19,741,982      $7,390,631
    Restricted cash                                 1,030,317       1,000,000
    Notes receivable                                2,157,957         202,670
    Accounts receivable                            51,503,245      19,222,133
    Costs and estimated earnings in
     excess of billings on uncompleted
     contracts                                             --       2,818,122
    Inventories                                     1,203,448         178,480
    Advances for inventory purchase                21,981,669      12,092,202
    Other current assets and prepaid
     expenses                                         517,847       1,174,464
    Total current assets                           98,136,465      44,078,702

    PROPERTY, PLANT AND EQUIPMENT, NET             13,197,119      11,000,581

    OTHER ASSETS
    Accounts receivable (non-current)                      --       1,618,203
    Prepaid expenses (non-current)                     73,350          95,706
    Advances for equipment and
     construction material purchase                 5,550,966       3,751,343
    Prepayment for land use right                     458,292         428,301
    Intangible assets, net                          1,211,608       1,190,289
    Total other assets                              7,294,216       7,083,842

    Total assets                                 $118,627,800     $62,163,125

    LIABILITIES AND SHAREHOLDERS' EQUITY

    CURRENT LIABILITIES
    Accounts payable                               $5,816,714      $2,534,858
    Short-term loan                                 8,802,000              --
    Customer deposits                               3,609,407         116,214
    Liquidated damages payable                      2,598,289       1,000,000
    Other payables and accrued
     liabilities                                      746,267         686,031
    Due to a stockholder                              596,023         106,963
    Taxes payable                                   5,062,901       9,541,603
    Total current liabilities                      27,231,601      13,985,669

    REDEEMABLE COMMON STOCK ($0.0001 par
     value, 5,464,357 shares issued with
     conditions for redemption outside
     the control of the company)                   24,480,319      24,480,319

    COMMITMENTS AND CONTINGENCIES                          --              --

    SHAREHOLDERS' EQUITY
    Preferred Stock ($0.0001 par value,
     50,000,000 shares authorized,  none
     issued and outstanding)                               --              --
    Common Stock ($0.0001 par value,
     10,000,000,000 shares authorized,
     25,040,000 and 25,000,000 shares
     issued and outstanding as of
     December 31, 2008 and 2007,
     respectively)                                      2,504           2,500
    Additional paid-in capital                     25,924,007       8,221,663
    Retained earnings                              28,570,948      11,376,163
    Statutory reserves                              6,196,478       2,109,539
    Accumulated other comprehensive
     income                                         6,221,943       1,987,272
    Total shareholders' equity                     66,915,880      23,697,137
    Total liabilities and shareholders'
     equity                                      $118,627,800     $62,163,125



                 RINO INTERNATIONAL CORPORATION AND SUBSIDIARIES
        CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME
                 FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007

                                                       2008             2007
    REVENUES:
    Contracts                                  $119,920,874      $42,073,308
    Services                                     19,422,523       21,313,500
                                                139,343,397       63,386,808

    COST OF SALES
    Cost of contracts                            74,247,181       24,170,825
    Cost of services                             10,099,616        8,178,852
    Depreciation                                    662,436          571,267
                                                 85,009,233       32,920,944

    GROSS PROFIT                                 54,334,164       30,465,864

    OPERATING EXPENSES
    Selling, general and administrative
     expenses                                    14,760,562        6,565,640
    Research and development                        245,920          581,846
    Stock compensation expense                   17,678,080        7,499,520
    TOTAL OPERATING EXPENSES                     32,684,562       14,647,006

    INCOME FROM OPERATIONS                       21,649,602       15,818,858

    OTHER INCOME -EXPENSE), NET
    Other income                                     75,914           12,926
    Interest income                                 130,181           32,065
    Interest expense                               (513,830)        (564,353)
    Other expenses                                  (60,143)         (55,917)
    TOTAL OTHER EXPENSES, NET                      (367,878)        (575,279)

    INCOME BEFORE PROVISION FOR INCOME
     TAXES                                       21,281,724       15,243,579

    PROVISION FOR INCOME TAXES                           --        5,024,774

    NET INCOME                                   21,281,724       10,218,805

    OTHER COMPREHENSIVE INCOME:
    Foreign currency translation
     adjustment                                   4,234,671        1,789,994

    COMPREHENSIVE INCOME                        $25,516,395      $12,008,799

    WEIGHTED AVERAGE NUMBER OF SHARES:
    Basic                                        25,040,000       19,611,510
    Diluted                                      25,148,178       19,694,481

    EARNINGS PER SHARE:
    Basic                                             $0.85            $0.52
    Diluted                                           $0.85            $0.52



                 RINO INTERNATIONAL CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                  FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007

                                                   2008               2007
    CASH FLOWS FROM OPERATING ACTIVITIES
    Net income                                 $21,281,724        $10,218,805
    Adjusted to reconcile net income to
     cash provided by -used in)
     operating activities:
    Depreciation                                   806,625            658,937
    Amortization                                    65,651             11,654
    Imputed interest                                24,268             33,019
    Amortization of  long term prepaid
     expense                                        28,830             42,667
    Stock compensation expense                  17,678,080          7,586,724
    Liquidated damage expense                    1,598,289                 --
    Changes in operating assets and
     liabilities
    Notes receivable                            (1,906,766)                --
    Accounts receivable                        (28,635,455)       (14,435,613)
    Costs and estimated earnings in
     excess of billings on uncompleted
     contracts                                   2,971,223         (2,705,985)
    Inventories                                   (994,352)           (57,130)
    Advances for inventory purchase             (8,850,435)       (11,337,385)
    Other current assets and prepaid
     expenses                                      512,905         (1,043,339)
    Accounts payable                             3,043,036         (1,525,537)
    Customer deposits                            3,424,139                 --
    Other payables and accrued
     liabilities                                    12,662           (138,641)
    Taxes payable                               (5,085,079)         8,393,777
    Deferred tax liabilities                            --           (672,947)
    Net cash provided by -used in)
     operating activities                        5,975,345         (4,970,994)

    CASH FLOWS FROM INVESTING ACTIVITIES
    Purchase of property and equipment          (2,176,132)          (831,886)
    Advances for construction material
     and equipment purchase                     (1,283,107)        (3,053,405)
    Prepayment for land use right                       --           (410,125)
    Purchase of intangible assets                       --           (380,717)
    Net cash used in investing
     activities                                 (3,459,239)        (4,676,133)

    CASH FLOWS FROM FINANCING ACTIVITIES
    Contribution by stockholders                        --              1,780
    Net proceeds from redeemable
     preferred stock issuance in private
     placement                                          --         22,253,722
    Payment on due to shareholder                       --           (361,098)
    Proceeds from shareholder advances             472,979                 --
    Increase of restricted cash                    (30,317)        (1,000,000)
    Proceeds from short-term bank loan          15,712,000                 --
    Repayment of short-term bank loan           (7,310,000)        (7,876,910)
    Net cash provided by financing
     activities                                  8,844,662         13,017,494

    EFFECT OF EXCHANGE RATE ON CASH                990,583            415,914

    INCREASE IN CASH AND CASH
     EQUIVALENTS                                12,351,351          3,786,281

    CASH AND CASH EQUIVALENTS, beginning         7,390,631          3,604,350

    CASH AND CASH EQUIVALENTS, ending          $19,741,982         $7,390,631

    Cash paid during the period for:
    Interest                                      $480,902           $531,334
    Income taxes                                $5,434,122           $519,258

DALIAN, China, Feb. 19- RINO International Corp. (OTC Bulletin Board: RINO.OB), through its subsidiaries and controlled affiliates in the People's Republic of China (collectively, the "Company" or "RINO"), designs, manufactures, installs and services proprietary and patented wastewater treatment, desulphurization equipment, and high temperature anti- oxidation systems for iron and steel manufacturers in the People's Republic of China ("PRC"), today announced the following correction in its press release "RINO International Corp. Provides 2009 Guidance: Expects Revenues to Surpass $176 million", which was published on February 17, 2009.

Correction in Third Paragraph

Before Correction: As key components of our product mix, we expect 2009 revenues for waste water treatment, desulphurization and anti-oxidation revenues to grow by approximately 50%, 10% and 300%, respectively, compared with 2008 while maintaining a similar margin profile.

After Correction: As key components of our product mix, we expect 2009 revenues for waste water treatment, desulphurization and anti-oxidation revenues to grow by approximately 10%, 50% and 300%, respectively, compared with 2008 while maintaining a similar margin profile.

About RINO International Corporation

RINO International Corporation, through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd., its contractually-controlled affiliate, Dalian RINO Environmental Engineering Science and Technology Co., Ltd. ("Dalian Rino") and Dalian Rino Environment Project Design Co., Ltd., a wholly-owned subsidiary of Dalian Rino, is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Additional information about the Company is available at the Company's website: http://www.rinogroup.com

Cautionary Statement Regarding Forward-Looking Information

Certain statement in this press release may contain forward-looking information about the Company. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth "Risk Factors" contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and the Registration Statement on Form SB-2, as amended, filed with the SEC on November 19, 2007.

For more information, please contact:

For the Company:
Amy Qiu
Tel: +86-411-8766-1233
Email: aqiu@rinogroup.com

Investors:

Matt Hayden
HC International, Inc.
Tel: +1-561-245-5155
Email: matt.hayden@hcinternational.net

DALIAN, China, Feb. 17- RINO International Corp. (OTC Bulletin Board: RINO.OB), through its subsidiaries and controlled affiliates in the People's Republic of China (collectively, the "Company" or "RINO"), designs, manufactures, installs and services proprietary and patented wastewater treatment, desulphurization equipment, and high temperature anti- oxidation systems for iron and steel manufacturers in the People's Republic of China ("PRC"). RINO today announced that it expects fourth quarter 2008 revenues of at least $39 million, which represents approximately 125% growth compared to the fourth quarter of 2007 and exceeds previously issued guidance of $32 million to $33.5 million. The Company is scheduled to report its upcoming fourth quarter and full year 2008 financial results in March, 2009.

Fiscal Year 2009 Guidance

RINO is forecasting strong growth in 2009 and anticipates that revenues will exceed $176 million, which represents approximately 28% growth over estimated 2008 revenues. In addition, there will be no non-cash equity compensation charges associated with the "make good provisions" to impact reported GAAP net income. The company will continue to benefit from a tax holiday during 2009.

"We are extremely pleased with our results for 2008 and our ability to surpass previously issued guidance for the fourth quarter. In addition, we expect robust revenue growth to continue during 2009 supported by increased mandates, tax incentives and funding from the Chinese government to reduce sulphur emissions and improve energy efficiency and utilization for the iron and steel industry," Mr. Zou Dejun, CEO of RINO, commented. "As key components of our product mix, we expect 2009 revenues for waste water treatment, desulphurization and anti-oxidation revenues to grow by approximately 50%, 10% and 300%, respectively, compared with 2008 while maintaining a similar margin profile. Recent moves from the Chinese government, including monetary policy changes and the stimulus plan have provided the opportunity for better access to capital from local Chinese banks to support our growth objectives." Mr. Zou concluded, "Improved working capital and our strong brand reputation, coupled with stringent enforcement of government regulations and aggressive tax credits and funding for environment services, are the key essentials to drive incremental growth for RINO in 2009."

Business Update

RINO recently signed two new contracts with Shanxi Yujin Steel and Xuzhou Southeast Steel to provide desulphurization equipment for $5.3 million and $6.3 million, respectively. Management estimates that there are over 200 sinters currently which need desulphurization systems installed.

RINO's proprietary technology utilizes superheated steam to dehydrate municipal sludge which can be used as agricultural fertilizer, as a component in various construction materials or combined with coal to generate energy more efficiently and with less pollution.

Additionally, the company has a $15 million credit line with the Pudong Bank of Shanghai of which approximately $8.8 million is currently utilized. The company anticipates utilizing the balance of this line, coupled with collections of receivables from its large SOE Steel customers currently carried on its balance sheet, to assist in meeting its growth plans for 2009. During the fourth quarter, the company collected approximately $29 million of the $50.5 million in receivables reported on its September 30, 2008 balance sheet.

About RINO International Corporation

RINO International Corporation, through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd., its contractually-controlled affiliate, Dalian RINO Environmental Engineering Science and Technology Co., Ltd. ("Dalian Rino") and Dalian Rino Environment Project Design Co., Ltd., a wholly-owned subsidiary of Dalian Rino, is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Additional information about the Company is available at the Company's website: http://www.rinogroup.com

Cautionary Statement Regarding Forward-Looking Information

Certain statement in this press release may contain forward-looking information about the Company. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth "Risk Factors" contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and the Registration Statement on Form SB-2, as amended, filed with the SEC on November 19, 2007.

For more information, please contact:

For the Company:
Amy Qiu
Tel: +86-411-8766-1233
Email: aqiu@rinogroup.com

Investors:
Matt Hayden
HC International, Inc.
Tel: +1-561-245-5155
Email: matt.hayden@hcinternational.net

DALIAN, China, Feb. 10 - RINO International Corporation (OTC Bulletin Board: RINO), through its subsidiaries and controlled affiliates in the People's Republic of China (collectively, the 'Company' or 'RINO'), that designs, manufactures, installs and services proprietary and patented wastewater treatment, desulphurization equipment, and high temperature anti-oxidation systems for iron and steel manufacturers in the People's Republic of China ('PRC'), today announced that the Company will present at the Roth 21st Annual OC Growth Stock Conference held at Ritz Carlton Laguna Niguel Hotel in Dana Point, California. The Company is scheduled to present at 12:30 p.m. US Pacific Time on Wednesday, February 18th, 2009.

The Company's presentation will be held in the Ritz Ballroom and management of the Company will participate in one-on-one meetings with conference attendees on February 16-18, 2009. Management of the Company will discuss the Company's products, its customer base, the competitive landscape, environmental regulations which are driving adoption of the Company's products, recent financial results of the Company, and the Company's long term growth strategy.

Participation is by invitation and registration is mandatory. For more information on the conference, contact your Roth representative or visit http://www.roth.com .

About ROTH Capital Partners

ROTH is a full service investment banking firm dedicated to the small and micro-cap market. The firm is privately owned with current principals being majority owners. The core management team has been consistent for many years. Since the inception of the firm in 1984, ROTH has been a leader and innovator in the small and micro cap markets. ROTH's exclusive focus has been, is, and will continue to offer a full spectrum of investment banking services, including raising capital, research coverage, trading and market making, merger and acquisition advisory services, and investor conferences.

About RINO International Corporation

RINO International Corporation, through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd., its contractually-controlled affiliate, Dalian RINO Environmental Engineering Science and Technology Co., Ltd. ('Dalian Rino') and Dalian Rino Environment Project Design Co., Ltd., a wholly-owned subsidiary of Dalian Rino, is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Cautionary Statement Regarding Forward-Looking Information

The upcoming presentations and discussions may contain forward-looking information about the Company. Forward-looking statements are statements that are not facts. These statements can be identified by the use of forward- looking terminology such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth 'Risk Factors' contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and the Registration Statement on Form S-1 and the amendments thereto filed with the Securities and Exchange Commission.

    For more information, please contact:

     Matt Hayden
     HC International, Inc.
     Tel:   +1-561-245-5155
     Email: matt.hayden@hcinternational.net

- Project contributes to 2008 revenue and includes ongoing service agreement -

DALIAN, China, Jan. 26 /PRNewswire-Asia/ -- RINO International Corp. (OTC Bulletin Board: RINO), through its subsidiaries and controlled affiliates in the People's Republic of China(collectively, the 'Company' or 'RINO'), that designs, manufactures, installs and services proprietary and patented wastewater treatment, desulphurization equipment, and high temperature anti-oxidation systems for iron and steel manufacturers in the People's Republic of China ('PRC'), today announced that the Company successfully completed a significant Flue Gas Desulfurization ('FGD') projects for its customer, Handan Iron and Steel Company.

RINO's installation equipped a 400 square-meter sintering machine with its proprietary 'FGD' system. This represents a key energy-saving emission reduction project in Handan City, Hebei Province. The installation was initiated in June 2008 and completed on Dec. 1, 2008. This $7 million project is one of the largest flue gas desulfurization projects completed for China's domestic steel industry to date. As part of the agreement, RINO will provide ongoing maintenance and services for Handan for an initial period of 3 years, which will generate approximately $2.6 million per year in incremental revenue.

RINO's FGD system utilizes advanced, patented production and automation technology to filter sulfur emissions which are directed into the desulfurization tower, instead of being discharged into the atmosphere. RINO's system generates calcium sulfate through an acid-base reaction and can be re-utilized in other industrial activities. By adopting RINO's FGD system, Handan Iron and Steel is expected to reduce sulfur dioxide emission by more than 5000 tons on annual basis, while substantially lowering other pollutants.

'We are very pleased to announce the successful implementation of our 'FGD' system for Handan Iron and Steel Company, which is now part of Hebei Iron and Steel Group, the largest producer in China,' Mr. Zou Dejun, CEO of RINO, commented. 'Our proprietary technology and customized filtration solutions set us apart from other market participants. We believe this project strengthens our market leadership position in 'FGD' for the iron and steel industry, while reinforcing our credibility among current and potential customers, something we believe will yield incremental growth for RINO during 2009 as we pursue larger projects. In addition, we expect that ongoing service agreements will become a component of our FGD projects in the future, creating an additional recurring revenue stream.'

About Handan Iron & Steel Group

On June 12, 2008, Handan Iron & Steel Group, one of China's biggest iron and steel groups, merged with Tangshan Iron & Steel Group and formed a big steel conglomerate--Hebei Iron & Steel Group Co. The conglomerate is expected to have an annual capacity of 31.58 million tons of iron and steel, overtaking Shanghai-based Baosteel to become the nation's largest, and the world's fifth-largest, producer. The company is expected to have annual production capacity of 50 million tons by the end of 2009. The merger resulted from the Chinese government's consolidation plans for the steel sector to rationalize the industry structure and eliminate obsolete facilities.

About RINO International Corporation

RINO International Corporation, through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd., its contractually-controlled affiliate, Dalian RINO Environmental Engineering Science and Technology Co., Ltd. ('Dalian Rino') and Dalian Rino Environment Project Design Co., Ltd., a wholly-owned subsidiary of Dalian Rino, is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Cautionary Statement Regarding Forward-Looking Information

Certain statement in this press release may contain forward-looking information about the Company. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth 'Risk Factors' contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and the Registration Statement on Form SB-2, as amended, filed with the SEC on November 19, 2007.

        For more information, please contact:

        For the Company:
         Amy Qiu
         Tel:   +86-411-8766-1233
         Email: aqiu@rinogroup.com

        Investors:
         Matt Hayden
         HC International, Inc.
         Tel:   +1-561-245-5155
         Email: matt.hayden@hcinternational.net

Backlog and recently signed contracts will contribute to significant year- over-year growth

DALIAN, China, Nov. 19 /PRNewswire-FirstCall/ -- RINO International Corp. (OTC Bulletin Board: RINO) today announced that it anticipates reporting between $32 million and $33.5 million in revenues for its fourth quarter which will end December 31, 2008. This would represent at least 85% growth as compared to the fourth quarter of 2007.

The company's third quarter financial report disclosed a backlog on September 30, 2008 of $61.1 million, which consists of signed contracts which have not been recognized as revenue. Approximately $29.4 million of the backlog will be recorded as revenue for the fourth quarter with the additional revenue emanating from machining services.

For the first nine months of 2008, the company reported revenues of $98.5 million, more than double the $46.1 million reported in the corresponding period of last year. Net income, excluding the non-cash equity compensation charge, increased 180% to $31.9 million.

Management anticipates providing 2009 guidance during the first quarter. Additionally, the company has a $15 million credit line with the Pudong Bank of Shanghai of which approximately $7.4 million is utilized. The company anticipates utilizing the balance of this line, coupled with collections from receivables from large SOE Steel customers carried on its balance sheet, to assist in meeting its growth plans for next year.

'We continue to capitalize on the mandates of the State Environmental Protection Agency aimed at significantly reducing sulphur emission from iron and steel producers. We have leveraged our brand name and first mover advantage to build an impressive base of quality customers who utilize our patented sinter flue gas desulphurization system. We anticipate revenues for 2008 to exceed $130.5 million, which would represent at least 105% growth as compared to last year. We intend to fully capitalize on this large addressable market while further diversifying our revenue base. This includes sales of our anti-oxidation product where we have made solid marketing inroads this year. While the steel industry continues to experience extreme volatility and production cuts we have not experienced a slow down in new bookings or project installations and believe that stringent enforcement of the government regulations, coupled with tax credits and government funding for this initiative, will continue to drive strong demand for our products,' stated Mr. Zou Dejun, Director and CEO of RINO.

About RINO International Corporation

RINO, through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd. ('Innomind'), its contractually-controlled affiliate, Dalian RINO Environmental Engineering Science and Technology Co., Ltd. ('Dalian RINO') and Dalian Rino Environment Project Design Co., Ltd., a wholly-owned subsidiary of Dalian Rino (collectively, 'RINO'), is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Cautionary Statement Regarding Forward-Looking Information

This upcoming conference call may contain forward-looking information about the Company. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward- looking terminology such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth 'Risk Factors' contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and the Registration Statement on Form S-1 as amended filed with the SEC.

For more information, please contact:

For the Company:
Amy Qiu
Tel:   +86-411-8766-1233
Email: aqiu@rinogroup.com

Investors:
Matt Hayden
HC International, Inc.
Tel:   +1-561-245-5155
Email: matt.hayden@hcinternational.net

DALIAN, China, Nov. 17 /Xinhua-PRNewswire-FirstCall/ -- RINO International Corporation (OTC Bulletin Board: RINO), through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd. ('Innomind'), its contractually-controlled affiliate Dalian RINO Environmental Engineering Science and Technology Co., Ltd. ('Dalian Rino'), and Dalian Rino Environment Project Design Co., Ltd., a wholly-owned subsidiary of Dalian Rino (collectively, the 'Company' or 'RINO'), designs, manufactures, installs and services proprietary and patented wastewater treatment, desulphurization equipment, and high temperature anti- oxidation systems for iron and steel manufacturers in the People's Republic of China ('PRC'), today announced that the Company will present at the Roth China Comes to Vegas Conference held at the Wynn Hotel inLas Vegas. The Company is scheduled to present at 3:30pm on Thursday, November 20th, 2008.

The Company's presentation will be held in Palmer 2- Track 2 and management of the Company will participate in one-on-one meetings with conference attendees on November 19-21. Management of the Company will discuss the Company's products, its customer base, the competitive landscape, environmental regulations which are driving adoption of the Company's products, recent financial results of the Company, and the Company's long term growth strategy.

Participation is by invitation and registration is mandatory. For more information on the conference, contact your Roth representative or visit http://www.roth.com .

About RINO International Corporation

RINO International Corporation (together with its subsidiaries and controlled-affiliates, collectively, the 'Company'), through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd., a contractually-controlled affiliate, Dalian RINO Environmental Engineering Science and Technology Co., Ltd., and Dalian Rino Environment Project Design Co., Ltd. ('Dalian Rino'), a wholly- owned subsidiary of Dalian Rino, is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, the Company designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization. The Company's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Cautionary Statement Regarding Forward-Looking Information

The upcoming presentations and discussions may contain forward-looking information about the Company. Forward-looking statements are statements that are not facts. These statements can be identified by the use of forward- looking terminology such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth 'Risk Factors' contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and the Registration Statement on Form S-1 and the amendments thereto filed with the Securities and Exchange Commission.

For more information, please contact:

     Matt Hayden

     HC International, Inc.

     Tel:   +1-561-245-5155

     Email: matt.hayden@hcinternational.net

Commercialization of Clean Technology Targeted for 2009

DALIAN, China, Nov. 11 - RINO International Corp. (OTC Bulletin Board: RINO) today announced that it has successfully developed a new sludge treatment system through cooperation with the Dalian University of Technology.

The new sludge treatment system utilizes superheated steam to dehydrate municipal sludge which can be used as agricultural fertilizer, as a component in various construction materials or combined with coal to generate energy more efficiently with less pollution. The system RINO developed costs approximately 50% less than imported products and the costs of daily operation are approximately 45% less. The Chinese government recently implemented a new regulation that at least 60% of municipal wastewater has to be treated by 2010 and is expected to significantly increase the amount of municipal sludge produced from the wastewater treatment process in China in next several years. RINO management estimates the profit to process one ton of municipal sludge varies between $12 and $19 depending on the steam source, and currently China generates approximately 27.8 million metric tons of municipal sludge annually which is comprised of approximately 80% water.

This technology can also be utilized to dehydrate oil sludge which can then be used in place of coal. Northeastern China, where RINO is located, is the oil industry center and this region generates approximately 2 million tons of oil sludge annually. The profit to process one ton of oil sludge ranges between $39 and $44.

Dalian University of Technology has made a patent application for this technology in China (Application number: 200710011115.0). RINO will pay an ongoing royalty of approximately 5% of sales to the university.

'We are very pleased to announce this new system developed through our cooperation with the Dalian University of Technology,' Mr. Zou Dejun, Director and CEO of RINO, commented. 'We have already installed and tested this system internally and the results confirm the functionality of our system in dehydrating multiple kinds of sludge. We will move forward with additional field trials and expect to commercialize this product during the first half of 2009. Supported by our strong customer base and brand name, we anticipate the sludge treatment system will further diversify our revenue stream and become a significant growth driver going forward.'

About RINO International Corporation

RINO, through its direct and indirect subsidiaries, including Innomind Group Limited and Dalian Innomind Environment Engineering Co., Ltd. ('Innomind'), its contractually-controlled affiliate, Dalian RINO Environmental Engineering Science and Technology Co., Ltd. ('Dalian RINO') and Dalian Rino Environment Project Design Co., Ltd., a wholly-owned subsidiary of Dalian Rino (collectively, the 'Company'), is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Cautionary Statement Regarding Forward-Looking Information

This upcoming conference call may contain forward-looking information about the Company. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth 'Risk Factors' contained in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and the Registration Statement on Form S-1 as amended filed with the SEC.

For more information, please contact:

For the Company:
Amy Qiu
Tel: +86-411-8766-1233
Email: aqiu@rinogroup.com

Investors:
Matt Hayden
HC International, Inc.
Tel: +1-561-245-5155
Email: matt.hayden@hcinternational.net