DANYANG, China, April 21 /PRNewswire-Asia/ -- Lihua International, Inc., (Nasdaq: LIWA) ("Lihua" or the "Company"), a leading Chinese developer, designer, manufacturer, marketer and distributor of low cost, high quality alternatives to pure copper superfine and magnet wire, as well as copper rod products, today announced that it has received awards and recognitions from a variety of industry organizations for its outstanding growth and leadership.
Awards received by the Company in 2009 included:
-- 2009 High Growth Manufacturer Award from Hou Xiang City
-- Jiang Su Province Quality Trust AAA Credit Enterprise Award from Jiang
Su Province
-- Membership Award of China Trustworthy Quality Enterprises from China
Quality Trust Association
-- 2009 Quality Tax Payment Enterprise from Jiang Su Province
Additionally, Lihua's Chairman and CEO, Mr. Jianhua Zhu was jointly awarded as the 2009 Excellent Creative Entrepreneur by China Productivity Academic Society, China Market Research Association and China Enterprise News Agency.
"We are honored to receive these awards from industry and government organizations in recognition of our growth and our achievements," said Mr. Jianhua Zhu, Chairman and Chief Executive Officer of Lihua. "Since founding the Company in 1999, we have worked diligently to establish Lihua both as an industry leader and as one of China's premier emerging companies. We have already accomplished a great deal in a relatively short amount of time since our initial public offering last September. As we continue to execute on our aggressive growth strategy to address the large copper market opportunity, there remains tremendous prospects for our Company and our shareholders."
About Lihua International, Inc.
Lihua International, through its two wholly-owned subsidiaries, Lihua Electron and Lihua Copper, is a leading value-added manufacturer of copper replacement products for China's rapidly growing copper wire and copper replacement product market. Lihua is one of the first vertically integrated companies in China to develop, design, manufacture, market and distribute lower cost, high quality alternatives to pure copper magnet wire and pure copper alternative products. Lihua's products include copper-clad aluminum wire ("CCA") and pure copper products including copper wire and copper rod, which are produced from recycled scrap copper. Lihua's products are sold in China either directly to manufacturers or through distributors in the wire and cable industries and manufacturers in the consumer electronics, white goods, automotive, utility, telecommunications and specialty cable industries. Lihua's corporate and manufacturing headquarters are located in the heart of China's copper industry in Danyang, Jiangsu Province. For more information, visit: http://www.lihuaintl.com .
To be added to the Company's email distribution for future news releases, please send your request to lihua@tpg-ir.com .
Safe Harbor Statement
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, statements about its business or growth strategy, general industry conditions including availability of copper or recycled scrap copper, future operating results of the Company, capital expenditures, expansion and growth opportunities, bank borrowings, financing activities and other such matters, are forward-looking statements. Although the Company believes that its expectations stated in this press release are based on reasonable assumptions, actual results may differ from those projected in the forward-looking statements.
For more information, please contact:
Lihua International, Inc.
Daphne Huang
EVP of Corporate Finance and Director of Investor Relations
Tel: +1-516-717-9939
Email: Daphne_huang@lihuaintl.com
or
The Piacente Group, Inc.
Investor Relations
Brandi Floberg or Lee Roth
Tel: +1-212-481-2050
Email: lihua@tpg-ir.com