The Shuman Law Firm today announced that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of purchasers of the common stock of RINO International Corporation ("RINO" or the "Company") (NASDAQ:RINO) between February 17, 2009 and November 12, 2010, inclusive (the "Class Period"). Also included are those who purchased in the direct Offering in December 2009.

If you wish to discuss this action or have any questions concerning this notice or your rights and interests with respect to this matter, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.

The Complaint charges RINO and certain of its officers and directors with violations of federal securities laws. Specifically, the Complaint alleges that defendants failed to disclose that the Company's financial results were inflated and were inconsistent with results reported to tax authorities in China. During the Class Period, while RINO stock was allegedly artificially inflated, the Company consummated a direct offering of nearly 3.3 million shares of common stock at $30.75 per share.

On November 10, 2010, a research firm issued a report claiming that RINO had fabricated customer relationships and inflated revenue, noting the discrepancy between RINO's revenue of $192.6 million reported in its fiscal 2009 Form 10-K and its revenue of $11 million reported in its annual report for fiscal 2009 filed with the China State Administration of Industry and Commerce. On November 15, 2010, RINO announced disappointing third quarter 2010 results and reduced its revenue forecast for 2010. On this news, RINO's stock collapsed to $7.55 per share.

On November 17, 2010, RINO disclosed in a filing with the SEC that it had received a letter from its independent auditing firm which recounted a conversation between a member of the firm and RINO’s Chief Executive Officer, Zou Dejun (“Dejun”), during which Dejun revealed that RINO had, in fact, not entered into two of the six customer contracts discussed in the analyst report. The following day RINO warned investors that its previously issued financial statements for the fiscal years ending December 31, 2008 and 2009, and the interim quarters ending March 31, 2008 through September 30, 2009, should no longer be relied upon.

If you purchased RINO common stock during the Class Period, you may request that the Court appoint you as lead plaintiff of the class no later than January 14, 2010. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.

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