BEIJING, April 11, 2012 /PRNewswire-Asia-FirstCall/ --
Fushi Copperweld, Inc. ("Fushi" or the "Company") (NasdaqGS: FSIN)
, the leading global manufacturer and innovator of copper-clad
bimetallic wire used in a variety of telecommunication, utility,
transportation and other electrical applications, today commented
on the report issued by Muddy Waters on April 10, 2012.
Fushi Copperweld has reviewed the report and categorically
denies all of its claims, which are vague and non-specific, and
were made in the absence of any discussion with the Company.
The Company also announced that it expects to report results for
the first quarter of 2012 on May 3,
2012.
The Company is committed to providing full and accurate
disclosure to investors and to rebutting any false claims that
attempt to undermine confidence in the Company's business,
management, and operations.
About Fushi Copperweld
Fushi Copperweld Inc., through its wholly owned subsidiaries,
Fushi International (Dalian)
Bimetallic Cable Co. Ltd., and Copperweld Bimetallics LLC, is the
leading manufacturer and innovator of copper-clad bimetallic
engineered conductor products for electrical, telecommunications,
transportation, utilities and industrial applications. With
extensive design and production capabilities, and a long-standing
dedication to customer service, Fushi Copperweld is the preferred
choice for bimetallic products worldwide.
Safe Harbor Statement
This press release may include certain statements that are not
descriptions of historical facts, but are forward-looking
statements. Forward-looking statements can be identified by the use
of forward-looking terminology such as "will" "believes", "expects"
or similar expressions. These forward-looking statements may also
include statements about our proposed discussions related to our
business or growth strategy, which is subject to change. Such
information is based upon expectations of our management that were
reasonable when made but may prove to be incorrect. All of
such assumptions are inherently subject to uncertainties and
contingencies beyond our control and upon assumptions with respect
to future business decisions, which are subject to change. We do
not undertake to update the forward-looking statements contained in
this press release. For a description of the risks and
uncertainties that may cause actual results to differ from the
forward-looking statements contained in this press release, see our
most recent Annual Report filed with the Securities and Exchange
Commission (SEC) on Form 10-K, and our subsequent SEC filings.
Copies of filings made with the SEC are available through the SEC's
electronic data gathering analysis retrieval system (EDGAR) at
www.sec.gov.
For more information, please contact:
Investors
Jolin Qiao, Investor
Relations Officer
Fushi Copperweld Inc.
Phone +1.615.377.4183
E-mail: IR@fushicopperweld.com
Web: www.fushicopperweld.com
SOURCE Fushi Copperweld, Inc.