BEIJING, May 3 /PRNewswire-Asia/ -- Wowjoint Holdings Limited ("Wowjoint," or the "Company") (OTC Bulletin Board: WJHCF, WJHWF, WJHUF), a leading provider of customized heavy duty lifting and carrying machinery used in large scale infrastructure projects such as railway, highway and bridge construction, today announced that the Company received approval by NASDAQ's Listing Qualifications Department to list its ordinary shares, warrants, and units on the NASDAQ Global Market. Effective May 5, 2010 the Company's ordinary shares, warrants, and units will commence trading on the NASDAQ Global Market under the ticker symbols BWOW, BWOWW, and BWOWU, respectively.
Announcing the acceptance for listing upon the NASDAQ Global Market, Chairman and CEO Mr. Yabin Liu stated, "Approval for listing on the NASDAQ Global Market provides valuable affirmation of Wowjoint's strong operating performance and financial condition, as well as our market leadership position relative to opportunities presented by China's rapid infrastructure development. Uplisting to NASDAQ will benefit our investors by enhancing our position in the financial markets, providing increased trading liquidity and increasing awareness among investors of the Company's significant growth potential."
About Wowjoint Holdings Limited:
Wowjoint is a leading provider of customized heavy duty lifting and carrying machinery used in such large scale infrastructure projects as railway, highway and bridge construction. Wowjoint's main product lines include launching gantries, tyre trolleys, special carriers and marine hoists. The Company's innovative design capabilities have resulted in patent grants and proprietary products. Wowjoint is well positioned to benefit directly from China's rapid infrastructure development by leveraging its extensive operational experience and long-term relationships with established blue chip customers. Information on Wowjoint's products and other relevant information are available on its website at http://www.wowjoint.com .
About NASDAQ
NASDAQ is the largest U.S. electronic stock market. NASDAQ is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Wowjoint undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this communication. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication. All forward-looking statements are qualified in their entirety by this cautionary statement. All subsequent written and oral forward-looking statements concerning Wowjoint or other matters and attributable to Wowjoint or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Wowjoint does not undertake any obligation to update any forward-looking statement, whether written or oral, relating to the matters discussed in this news release.
