SOURCE: Guanwei Recycling Corp.

December 06, 2010 08:00 ET

Guanwei Recycling Corp. Reports Global Hunter Securities LLC Has Initiated Research Coverage of the Company With a "Buy" Recommendation

Discussion of the Company With Global Hunter Director of Research, Mr. Joe Giamichael, Featured on "China Watch" TV Broadcast

FUQING CITY, CHINA--(Marketwire - December 6, 2010) -   Guanwei Recycling Corp. (NASDAQ: GPRC), China's leading clean tech manufacturer of recycled low density polyethylene (LDPE), reported today that leading U.S. securities firm, Global Hunter Securities LLC, has initiated coverage of the Company with a "Buy" recommendation and a price target of $7.00 a share. The research report, published on November 7th, is authored by Mr. Dimtriy Shapiro, Senior Equity Research Analyst and Mr. Joe Giamichael, Director of Research.

A copy of the report is available on the Guanwei website: http://www.guanweirecycling.com/index.php?option=com_content&view=article&id=23&Itemid=31.

Interview on "China Watch" Segment of TheStreet.com

On Saturday, November 27th, Mr. Joe Giamichael, Director of Research at Global Hunter Securities LLC was interviewed by Ms. Brittany Umar, the host of "China Watch," one of the leading news broadcasts focused on Chinese growth companies trading in the U.S.

The program may be viewed on the following link: http://www.guanweirecycling.com/index.php?option=com_content&view=article&id=19&Itemid=30.

Description of Guanwei Recycling Corp.

Guanwei Recycling Corp. is China's largest manufacturer of recycled low density polyethylene (LDPE). Adhering to the highest "green" standards, it has generated rapid growth producing LDPE from plastic waste procured mostly in Europe for sales to more than 300 customers in ten different industries in China. Guanwei Recycling Corp. is one of the few plastic recyclers in China that has been audited by TÜV Rheinland Cert GmbH for compliance with German pollution and environmental standards, which allows the company to procure high quality plastic waste directly from Germany and other European countries (Spain and Holland), with no middlemen, and permits highly economic production of the highest grades of LDPE. Additional information regarding Guanwei Recycling Corp. is available at www.guanweirecycling.com.

Legal Disclaimer: The research report above is an industry analyst research report which has been published in print and online as of the date listed and reflects industry analysts' views as of such dates. The internet interview, which has been broadcast online, also contains analyst opinions as of the date listed. The information contained in this research report and internet interview should not be considered current and may not be accurate. The research report is copyrighted to the respective analysts' firm and Guanwei Recycling Corp. assumes no obligation for updating this report and interview and is not responsible for misstated information.

Information Regarding Forward-Looking Statements

Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission.

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