China Wind Systems, Inc. Approved to List on NASDAQ
December 28 2009 - 3:00PM
PR Newswire (US)
WUXI, China, Dec. 28 /PRNewswire-Asia-FirstCall/ -- China Wind
Systems, Inc. (OTC:CHWY) (BULLETIN BOARD: CHWY) ("China Wind
Systems" or the "Company"), a leading supplier of forged products
and industrial equipment to the wind power and other industries in
China, today announced that the Company has received approval to
list its common stock on The NASDAQ Stock Market. China Wind
Systems expects to begin trading on The NASDAQ Global Market under
the new stock symbol "CWS" on Tuesday, December 29, 2009, until
which time its shares will continue to trade on the
Over-The-Counter Bulletin Board. "We are honored to be approved to
list on The NASDAQ Global Market, one of the world's most
prestigious stock markets," said Mr. Jianhua Wu, Chairman and CEO
of China Wind Systems, Inc. "We believe this upgrade to be a clear
reflection of our commitment to optimizing our corporate governance
and shareholder value. As a result, we anticipate that our Company
will attain higher visibility and interest from the investor and
media communities." About China Wind Systems, Inc. China Wind
Systems supplies forged rolled rings to the wind power and other
industries and industrial equipment to the textile and energy
industries in China. With its newly finished state-of-the-art
production facility, the Company is expected soon to significantly
increase its shipment of high-precision rolled rings and other
essential components primarily to the wind power and other
industries. For more information on the Company, visit
http://www.chinawindsystems.com/ . Information on the Company's Web
site or any other Web site does not constitute a portion of this
release. Safe Harbor Statement This release contains certain
"forward-looking statements" relating to the business of the
Company and its subsidiary companies. These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions.
Such forward-looking statements involve known and unknown risks and
uncertainties that may cause actual results to be materially
different from those described herein as anticipated, believed,
estimated or expected. Investors should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company's actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's periodic reports that are filed with the
Securities and Exchange Commission and available on its website
(http://www.sec.gov/ ). All forward-looking statements attributable
to the Company or to persons acting on its behalf are expressly
qualified in their entirety by these factors other than as required
under the securities laws. The Company does not assume a duty to
update these forward-looking statements. For more information,
please contact: Company Contact: Mr. Leo Wang Chief Financial
Officer China Wind Systems, Inc. Tel: +1-877-224-6696 x705 Email:
Web: http://www.chinawindsystems.com/ Investor Relations Contact:
Mr. Shaun Smolarz Financial Writer CCG Investor Relations Tel:
+1-646-701-7444 Email: Mr. Crocker Coulson President CCG Investor
Relations Tel: +1-646-213-1915 (NY office) Email: Web:
http://www.ccgirasia.com/ DATASOURCE: China Wind Systems, Inc.
CONTACT: Leo Wang, Chief Financial Officer of China Wind Systems,
Inc., +1-877-224-6696 x705, ; or Investors, Crocker Coulson,
President of CCG Investor Relations, +1-646-213-1915 (NY office),
and Mr. Shaun Smolarz, Financial Writer of CCG Investor Relations,
+1-646-701-7444, Web site: http://www.chinawindsystems.com/
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