SOURCE: Guanwei Recycling Corp.

Guanwei Recycling Corp.

July 15, 2010 08:00 ET

Guanwei Recycling Corp. to Ring NASDAQ Opening Bell on Wednesday, July 21st

FUQING CITY, CHINA--(Marketwire - July 15, 2010) -  Guanwei Recycling Corp. (NASDAQ: GPRC), China's leading clean tech manufacturer of recycled low density polyethylene (LDPE), announced today that CEO and Chairman of the Board, Mr. Chen Min, will ring the NASDAQ opening bell on Wednesday, July 21, 2010, highlighting GPRC's listing on NASDAQ earlier this year on April 15, 2010.

"We are proud to have achieved the milestone event of a listing on NASDAQ," Mr. Chen said, "and we look forward to the increased visibility this will afford our company with investors around the world."

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 nearly 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.

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.

Contact Information

  • Contacts:
    U.S. Investors

    Focus Asia Partners
    Robert Agriogianis
    Tel: 973-845-6642
    Fax: 973-822-8030

    Press

    Ken Donenfeld
    donfgroup@aol.com
    kdonenfeld@dgiir.com
    Tel: 212-425-5700
    Fax: 646-381-9727