BEIJING, Aug. 13, 2012 /PRNewswire-Asia/ -- Wowjoint
Holdings Limited ("Wowjoint," or the "Company") (Nasdaq: BWOW,
BWOWU, BWOWW), China's innovative
infrastructure solutions provider of customized heavy duty lifting
and carrying machinery, today announced that certain of its
Executive Officers have completed purchases of the Company's
ordinary shares in the open market.
Yabin Liu, Chief Executive
Officer & Director; Fude Zhang,
Chief Technology Officer & Director; and Liguo Liu, Senior Vice President of Marketing
conducted open market purchases of the Company's ordinary shares,
predominantly through 10b5-1 programs adopted pursuant to Rule
10b5-1 of the Securities Exchange Act of 1934, as amended. The
purchases were conducted beginning in January 2012 and were concluded in July 2012. According to the announcement on
December 19, 2011 the three
executives would collectively purchase a minimum of 5,000 ordinary
shares per month. The executives purchased a total of 37,810
ordinary shares as of July 2012.
"We continue to have a strong belief in Wowjoint's future
success," stated Mr. Yabin Liu,
Chief Executive Officer of Wowjoint. "We are dedicated to the
Company and are pleased to have been able to show that dedication
through buying the ordinary shares in the open market."
About Wowjoint Holdings Limited
Wowjoint is a leading provider of customized heavy duty lifting
and carrying machinery used in large scale infrastructure projects
such as railway, highway and bridge construction. Wowjoint's main
product lines include launching gantries, tyre trolleys, special
carriers, marine hoists and special purpose equipment. The
Company's innovative design capabilities have resulted in patent
grants and proprietary products. Wowjoint believes it 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.
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.
For additional information contact:
Wowjoint Holdings:
Aubrye Foote, Vice President Investor Relations
Tel: +1-530-475-2793
Email: aubrye@wowjoint.com
Website: www.wowjoint.com
SOURCE Wowjoint Holdings Limited