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"Fushi Copperweld is extremely proud to be nominated as a Member of the World Economic Forum's Community of Global Growth Companies," said Fu Li, Chairman and Chief Executive Officer of Fushi Copperweld. "Our growth has been very strong and we continue to have high expectations for the future. The Community of GGCs is an obvious next step forward in realizing our long standing goals of exploring and benefiting from the vast growth opportunities our products present us with around the globe."
Established at the 2007 Inaugural 'Annual Meeting of New Champions', also known as the 'Summer Davos', the Community of GGCs are a new breed of high- growth enterprises that are global in outlook and capable of reshaping the global business landscape. The membership is made up of the 500 foremost global growth companies and Fushi has fulfilled the criteria to become a GGC Member, namely:
-- Established intent and capacity to build a global business
-- Extremely strong growth rate (72.7% in 2008)
-- Demonstrated leadership in shaping the future of their industry
-- Exemplary reputation and executive leadership
Fushi plans on attending this year's 'Summer Davos', which will be held in Dalian, China, on 10-12 September 2009. The Meeting in Dalian, China, will bring together over 1,000 industry, government and thought leaders to debate and define the course needed to relaunch growth. Fushi expects the GGC Community to work as a platform for influencing future trends and technology development on a global scale. Fushi also expects to benefit from experiences of other GGC Members, especially those operating globally, developing recognized global brands and managing extremely rapid expansion.
About the World Economic Forum
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.
Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not for-profit; it is tied to no political, partisan or national interests. (http://www.weforum.org )
About Fushi Copperweld, Inc.
Fushi Copperweld, Inc. through its wholly owned subsidiaries, Fushi International (Dalian) Bimetallic Cable Co, Ltd., and Copperweld Bimetallics, LLC, is the leading manufacturer and innovator of copper- clad bimetallic engineered conductor products used in the electrical, telecommunications, transportation, utilities and industrial industries. With extensive design and production capabilities and a long-standing dedication to customer service, Fushi Copperweld, Inc. is the preferred choice bimetallic products world-wide. For more information, visit: http://www.fushicopperweld.com .
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will" "believes", "expects" or similar expressions. These forward-looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at www.sec.gov.
Fore more information, please contact:
Nathan Anderson
Vice President of Investor Relations
Fushi Copperweld, Inc.
Email: nanderson@fushicopperweld.com
Tel: +1-931-433-0482
Judy Zhu
IR Manager
Email: jzhu@fushicopperweld.com
Tel: +1-931-433-0482
SOURCE Fushi Copperweld, Inc.
http://www.fushicopperweld.com
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