CFO of China Wind Systems, Inc. Interviewed by Bloomberg TV Live

2008-08-07 08:30:00

CFO of China Wind Systems, Inc. Interviewed by Bloomberg TV Live

 Catherine Yang Interviews CFO Adam Wasserman Live on Asia Pacific Channel

    WUXI, Jiangsu, China, Aug. 7 /Xinhua-EMWNews/ -- China

Wind Systems, Inc. (OTC Bulletin Board: CWSI) ("China Wind Systems" or the

"Company"), which through its affiliates supplies high-precision components

to the wind power industry and industrial equipment to the textile industry

in the People's Republic of China, announced today that its CFO, Adam

Wasserman, appeared in a live interview at 6:50 pm EDT August 6, (6:50 am

Hong Kong time, August 7) on Bloomberg TV's Asia Pacific channel to discuss

the Company's growing wind power business.

    Bloomberg Live Anchor Catherine Yang, based in Hong Kong, discussed the

wind-power industry in China and the Company's business platform with

Wasserman, who spoke from a remote studio in Ft. Lauderdale, Florida. In

the interview Wasserman stated that China Wind Systems could move to the

NASDAQ stock exchange within six to eight months. The Company's new

rolled-ring factory, which should be completed by October 2008, could boost

its sales of forged rolled rings to $40 million in 2009, Wasserman also

said in the interview. The Company has received verbal orders from

customers pending production of prototype products, Wasserman said.

    "Our main focus is to get our new facility up and running -- our

expansion plans are on target," Wasserman stated in the interview. "There

is a great push for alternative energy. We believe [wind] is the way of the

future," Wasserman also said in the interview. The interview will soon be

available to view on the Company's website.

    About China Wind Systems, Inc.

    China Wind Systems, through its affiliates, Huayang Dye Machine and

Huayang Electrical Power Equipment, supplies high-precision components to

the wind power industry and industrial equipment to the textile industry in

China. Currently the Company supplies forged rolled rings less than five

meters in diameter for use in wind turbines and other industries. With its

newly finished state-of-the-art production facility, the Company is

expected soon to significantly increase its shipment of high-precision

rolled rings and other essential components to the wind power and other

industries. For more information on the Company, visit . Information on the Company's website or

any other website does not constitute a portion of this release.

    Safe Harbor Statement

    This release contains certain "forward-looking statements" relating to

the business of the Company and its subsidiary companies. These

forward-looking statements are often identified by the use of

forward-looking terminology such as "believes, expects" or similar

expressions. Such forward looking statements involve known and unknown

risks and uncertainties that may cause actual results to be materially

different from those described herein as anticipated, believed, estimated

or expected. Investors should not place undue reliance on these

forward-looking statements, which speak only as of the date of this press

release. The Company's actual results could differ materially from those

anticipated in these forward-looking statements as a result of a variety of

factors, including those discussed in the Company's periodic reports that

are filed with the Securities and Exchange Commission and available on its

website ( ). All forward-looking statements attributable

to the Company or to persons acting on its behalf are expressly qualified

in their entirety by these factors other than as required under the

securities laws. The Company does not assume a duty to update these

forward-looking statements.

For more information, please contact: Company Contact: Mr. Jay Wang Senior Vice President, Finance China Wind Systems, Inc. Tel: +1-917-838-5277 Email: Web: Investor Relations Contact: Mr. Crocker Coulson President CCG Investor Relations Tel: +1-646-213-1915 (NY Office) Email: Web:

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