BEIJING, April 19, 2012 /PRNewswire-Asia/ -- Wowjoint
Holdings Limited ("Wowjoint," or the "Company") (Nasdaq: BWOW),
China's innovative infrastructure
solutions provider of customized heavy duty lifting and carrying
machinery, today announced that the Company received a letter from
the Listing Qualification Staff of the NASDAQ Stock Market LLC (the
"Staff") on April 13, 2012,
indicating that the Company had not paid the listing fee required
by NASDAQ Listing Rules 5900. On April 18,
2012, the Company paid the applicable fees in full and
thereby regained compliance of NASDAQ Listing Rules 5900.
The Company previously received notifications from NASDAQ that
it was not in compliance with the Minimum Market Value of Publicly
Held Shares (MVPHS) of $5,000,000 and
the $1.00 Minimum Closing Bid Price
requirement. If the Company is unable to demonstrate
compliance with the $5,000,000 MVPHS
requirement before April 30, 2012 or
unable to demonstrate compliance with the $1.00 Minimum Closing Bid Price requirement
before May 2, 2012, the Staff will
notify the Company that its securities will be delisted from the
NASDAQ Global Market.
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 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.
For additional information contact:
Wowjoint Holdings:
Aubrye Foote, Vice President, Investor Relations
Tel: +1-530-475-2793
Email: aubrye@wowjoint.com
Website: www.wowjoint.com
SOURCE Wowjoint Holdings Limited