WestPark Capital Announces the Completion of its Latest WRASP Transaction

WestPark Capital, Inc.
2010-02-06 04:50 1134

LOS ANGELES, Feb. 8 /PRNewswire-Asia/ -- WestPark Capital, Inc. announced the completion of a WRASP for China Electric Motor, Inc. (Nasdaq: CELM). A WRASP is an alternative capital markets transaction process where a private company goes public through a reverse merger, with its common stock trading directly on the Nasdaq or another senior exchange. The China Electric Motor, Inc. ("China Electric") WRASP raised a total of approximately $27 million.

"The completion of the WRASP process for China Electric allows the company to achieve its performance goals and enhance investor returns," stated Richard Rappaport, CEO of WestPark Capital. "The additional capital allows us to realize a sustainable growth momentum through the strengthening of our company's overall productivity and by increasing production capacity," added Yue Wang, Chief Executive Officer of China Electric Motor, Inc.

A registration statement related to these securities has been declared effective by the Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is made only by prospectus. A copy of the final prospectus may be obtained from WestPark Capital, Inc., 1900 Avenue of the Stars, Suite 310, Los Angeles, CA 90067, by telephone (310) 843-9300.

About WestPark Capital, Inc.

WestPark Capital is a leading investment banking and securities brokerage firm serving the needs of private and public growth companies worldwide. WestPark is committed to forging lasting partnerships with emerging growth companies and the investors who back them. WestPark provides a comprehensive range of corporate finance services, including WRASP transactions, initial public offerings, reverse mergers, follow-on offerings and private placements, and financial advisory services. Additional information about WestPark Capital, Inc. is available at .

About China Electric Motor, Inc.

China Electric Motor, Inc. (Nasdaq: CELM) is a China-based company, principally engaged in the design, production, marketing and sale of

micro-motor products. The company's products are incorporated into consumer electronics, automobiles, power tools, toys and household appliances, and are sold under the "Sunna" brand name. Products are sold directly to original equipment manufacturers and to distributors and resellers both domestically in China and internationally to customers in Korea and Hong Kong. For more information about China Electric Motor, Inc., please visit .

Source: WestPark Capital, Inc.