Catherine Yang Interviews CFO Adam Wasserman Live on Asia Pacific Channel
WUXI, Jiangsu, China, Aug. 7 /Xinhua-PRNewswire-FirstCall/ -- China Wind Systems, Inc. (OTC Bulletin Board: CWSI) ("China Wind Systems" or the "Company"), which through its affiliates supplies high-precision components to the wind power industry and industrial equipment to the textile industry in the People's Republic of China, announced today that its CFO, Adam Wasserman, appeared in a live interview at 6:50 pm EDT August 6, (6:50 am Hong Kong time, August 7) on Bloomberg TV's Asia Pacific channel to discuss the Company's growing wind power business.
Bloomberg Live Anchor Catherine Yang, based in Hong Kong, discussed the wind-power industry in China and the Company's business platform with Wasserman, who spoke from a remote studio in Ft. Lauderdale, Florida. In the interview Wasserman stated that China Wind Systems could move to the NASDAQ stock exchange within six to eight months. The Company's new rolled-ring factory, which should be completed by October 2008, could boost its sales of forged rolled rings to $40 million in 2009, Wasserman also said in the interview. The Company has received verbal orders from customers pending production of prototype products, Wasserman said.
"Our main focus is to get our new facility up and running -- our expansion plans are on target," Wasserman stated in the interview. "There is a great push for alternative energy. We believe [wind] is the way of the future," Wasserman also said in the interview. The interview will soon be available to view on the Company's website.
About China Wind Systems, Inc.
China Wind Systems, through its affiliates, Huayang Dye Machine and Huayang Electrical Power Equipment, supplies high-precision components to the wind power industry and industrial equipment to the textile industry in China. Currently the Company supplies forged rolled rings less than five meters in diameter for use in wind turbines and other industries. 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 to the wind power and other industries. For more information on the Company, visit http://www.chinawindsystems.com . Information on the Company's website or any other website 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. Jay Wang
Senior Vice President, Finance
China Wind Systems, Inc.
Tel: +1-917-838-5277
Email: jay.wang@chinawindsystems.com
Web: http://www.chinawindsystems.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Investor Relations
Tel: +1-646-213-1915 (NY Office)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgir.com
