Guanwei Recycling Regains Compliance With NASDAQ Minimum Bid Price Listing Requirement
20 Décembre 2012 - 1:25PM
Marketwired
Guanwei Recycling Corp. (NASDAQ: GPRC),
China's leading clean tech manufacturer of recycled low density
polyethylene (LDPE), today reported the Company has been notified
by the Nasdaq Stock Market ("Nasdaq") that Nasdaq has determined
that for the last 10 consecutive business days, from December 5,
2012, through December 18, 2012, the closing bid price of the
Company's common stock has been at $1.00 per share or greater.
Accordingly, the Company has regained compliance with Nasdaq's
Minimum Bid Price Rule.
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 (including over 150 active recurring customers) in
more than ten different industries in China. Guanwei Recycling
Corp. is one of the few plastic recyclers in China that has been
issued a Compliance Certificate by Umweltagentur Erftstadt, which
issues certificates of approval for certain plastics manufacturers
which meet strict environmental standards in Germany. This enables
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.
Contacts: Richard Sun guanweirecycling@gmail.com Ken
Donenfeld DGI Investor Relations kdonenfeld@dgiir.com Tel:
212-425-5700 Fax: 646-381-9727
Guanwei Recycling (CE) (USOTC:GPRC)
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