BEIJING, Nov. 26, 2012 /PRNewswire/ -- Wowjoint
Holdings Limited (OTCQB: BWOWF, BWOWWF and BWOWUF) ("Wowjoint" or
the "Company"), China's innovative
infrastructure solutions provider of customized heavy duty lifting
and carrying machinery, today announced the termination of its
previously announced exchange offer (the "Offer") for its 7,700,642
outstanding warrants (the "Warrants"). No warrants were exchanged
for ordinary shares pursuant to the Offer, and all warrants
tendered to the Company will be promptly returned. The Company will
consider alternatives to enhance warrant holder value.
This announcement is for informational purposes only and does
not constitute an offer to exchange nor a solicitation of an offer
to tender any Warrants.
About Wowjoint Holdings Limited
Wowjoint is a leading provider of customized heavy duty lifting
and carrying machinery used in large scale infrastructure projects
such as railway, highway and bridge construction. Wowjoint's main
product lines include launching gantries, tyre trolleys, special
carriers and marine hoists. The Company's innovative design
capabilities have resulted in patent grants and proprietary
products. Wowjoint believes it is well-positioned to benefit
directly from China's rapid
infrastructure development by leveraging its extensive operational
experience and long-term relationships with established blue chip
customers. Information on Wowjoint's products and other relevant
information are available on its website at
http://www.wowjoint.com.
Forward-Looking Statements
This press release includes "forward-looking statements" which
were intended to be identified by words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "continue," and similar expressions.
Forward-looking statements in this press release include matters
that involve known and unknown risks, uncertainties and other
factors that may cause actual results, levels of activity,
performance or achievements to differ materially from results
expressed or implied by this press release. Wowjoint undertakes no
obligation and does not intend to update these forward-looking
statements to reflect events or circumstances occurring after the
date of this communication. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this communication. All forward-looking statements
are qualified in their entirety by this cautionary statement. All
subsequent written and oral forward-looking statements concerning
Wowjoint or other matters and attributable to Wowjoint or any
person acting on their behalf are expressly qualified in their
entirety by the cautionary statements above. Wowjoint does not
undertake any obligation to update any forward-looking statement,
whether written or oral, relating to the matters discussed in this
news release.
For additional information contact:
Wowjoint Holdings:
Aubrye Foote, Vice President of Investor Relations
Tel: (530) 475-2793
Mail: aubrye@wowjoint.com
Website: www.wowjoint.com
SOURCE Wowjoint Holdings Limited