Business News
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
http://www.chinawindsystems.com . 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 ( http://www.sec.gov ). 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: [email protected]
Web: http://www.chinawindsystems.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Investor Relations
Tel: +1-646-213-1915 (NY Office)
Email: [email protected]
Web: http://www.ccgir.com
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