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Gulf Resources Announces NASDAQ Trading Start

2009-10-22 17:31 872

Chairman and CEO to Ring the Closing Bell

NEW YORK and SHANDONG, Oct. 22 /PRNewswire-Asia-FirstCall/ -- Gulf Resources, Inc. (OTC Bulletin Board: GRUS; Nasdaq: GFRE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced it will begin trading on the NASDAQ Global Select Market on October 27, 2009 under the ticker symbol "GFRE". Until such time, its common stock will continue to trade on the Over the Counter Bulletin Board under the ticker symbol "GRUS."

To celebrate the event, Mr. Ming Yang the Company’s chairman, and Mr. Xiaobin Liu, the Company’s chief executive officer, will ring the Closing Bell at the NASDAQ MarketSite in New York City’s Times Square on October 27, 2009 at 4:00 PM EDT.

"We are honored to have been given the opportunity to ring the closing bell at NASDAQ, one of the most prestigious equity markets in the world. Trading on NASDAQ is a significant milestone for our Company’s development, and we would like to express our sincere gratitude to our shareholders, dedicated employees, the entire management team, and all other parties who have contributed to our success in reaching this point today," said Mr. Liu, chief executive officer of Gulf Resources.

About Gulf Resources, Inc.

Gulf Resources, Inc. operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC") and Shouguang Yuxin Chemical Industry Co., Limited ("SYCI"). The Company believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SYCI, the Company manufactures chemical products utilized in a variety of applications, including oil & gas field explorations and as papermaking chemical agents. For more information about the Company, please visit http://www.gulfresourcesinc.cn .

Forward-Looking Statements

For more information, please contact:

Gulf Resources, Inc.

David Wang, VP of Finance

Email: davidw@gulfresourcesinc.cn

gfre.2008@vip.163.com

Helen Xu

Email: xuhy@gulfresourcesinc.cn

beishengrong@vip.163.com

Web: http://www.gulfresourcesinc.cn/

CCG Investor Relations

Mr. Crocker Coulson, President

Phone: +1-646-213-1915

Email: crocker.coulson@ccgir.com

Ms. Linda Salo, Financial Writer

Phone: +1-646-922-0894

Email: linda.salo@ccgir.com

Web: http://www.ccgirasia.com/

Source: Gulf Resources, Inc.
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