Lihua International to Participate in Prestigious Foreign Affairs Business Conference
Lihua Receives "Most Fortune Potential Enterprise" Award from WECBA
DANYANG, China, April 26 /PRNewswire-Asia/ -- Lihua International, Inc., (Nasdaq: LIWA) ("Lihua" or the "Company"), a leading Chinese developer, designer, manufacturer, marketer and distributor of low cost, high quality alternatives to pure copper superfine and magnet wire, as well as copper rod products, today announced that its Chairman and CEO Mr. Jianhua Zhu will participate in the 5th Annual Fortune Leader Forum of Eminence Chinese Business Meeting and the 9th Spring of Diplomats Meeting on April 28-30, 2010 in Beijing.
This event is a prestigious foreign affairs conference jointly organized by the Association of Former Diplomats of China and the World Eminence Chinese Business Association (WECBA), a global Chinese business organization comprising the world's top 500 Chinese enterprises and Chinese billionaires as its core members. In conjunction with the meeting, Lihua has received the "Most Fortune Potential Enterprise" award from WECBA.
The theme of the conference will be "Successful Green Civilization." The invitation only meeting provides a forum for local state leaders, investors, economists, diplomats, ambassadors, and leaders from the Ministry of Foreign Affairs and related Ministries to discuss leading business and environmental topics with the ultimate goal of international enterprise expansion and creating cooperative business opportunities among its participants.
"We are honored to participate in this exclusive event, and are delighted to accept the 'Most Fortune Potential Enterprise' award," said Mr. Zhu. "At Lihua we have worked diligently to improve the industry standard by introducing our leading copper recycling technology that generates pure enough product to be sold into the large pure copper market. For the December 2009 quarter, approximately 75% of our revenues were derived from our industry leading copper recycling business segment and there continues to be strong demand for our recycled materials. We are proud of our achievement and believe that we can continue to gain market traction and grow this segment of our business, using our sustainable materials and socially responsible business practices to do our part to help minimize the copper industry's carbon footprint."
WECBA organizes worldwide networking activities such as the World Eminent Chinese Business Conference and the Global Fortune Trip of Eminent Chinese Business to promote exchange and cooperation among leading Chinese businesses, establish ties between these businesses and Chinese local governments in need of investments, and provide international cooperation, rights and interest protection and provide local public relations opportunities.
About Lihua International, Inc.
Lihua International, through its two wholly-owned subsidiaries, Lihua Electron and Lihua Copper, is a leading value-added manufacturer of copper replacement products for China's rapidly growing copper wire and copper replacement product market. Lihua is one of the first vertically integrated companies in China to develop, design, manufacture, market and distribute lower cost, high quality alternatives to pure copper magnet wire and pure copper alternative products. Lihua's products include copper-clad aluminum wire ("CCA") and pure copper products including copper wire and copper rod, which are produced from recycled scrap copper. Lihua's products are sold in China either directly to manufacturers or through distributors in the wire and cable industries and manufacturers in the consumer electronics, white goods, automotive, utility, telecommunications and specialty cable industries. Lihua's corporate and manufacturing headquarters are located in the heart of China's copper industry in Danyang, Jiangsu Province. For more information, visit: http://www.lihuaintl.com .
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Safe Harbor Statement
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, statements about its business or growth strategy, general industry conditions including availability of copper or recycled scrap copper, future operating results of the Company, capital expenditures, expansion and growth opportunities, bank borrowings, financing activities and other such matters, are forward-looking statements. Although the Company believes that its expectations stated in this press release are based on reasonable assumptions, actual results may differ from those projected in the forward-looking statements.
For more information, please contact:
Lihua International, Inc.
Daphne Huang
EVP of Corporate Finance and Director of Investor Relations
Tel: +1-516-717-9939
Email: [email protected]
The Piacente Group, Inc.
Investor Relations
Brandi Floberg or Lee Roth
Tel: +1-212-481-2050
Email: [email protected]
SOURCE Lihua International, Inc.
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