NEW YORK and SHANDONG, China, Oct. 21 /PRNewswire-Asia-FirstCall/ -- Gulf
Resources, Inc. (OTC Bulletin Board: GRUS; Nasdaq: GFRE) ("Gulf Resources" or
the "Company"), a leading manufacturer of bromine, crude salt and specialty
chemical products in China, today announced it has received approval to list
its common stock on the NASDAQ Global Select Market. The Company will trade
on NASDAQ under the ticker symbol "GFRE." Until such time, the Company's
common stock will continue to trade on the Over the Counter Bulletin Board
under the ticker symbol "GRUS." The Company will provide additional
information regarding the trading start shortly.
"We are very proud to be approved to list on the NASDAQ Global Select
Market. As a high-growth company, Gulf Resources is a good match for this
prestigious stock market," said Mr. Liu. "Moving from the OTC BB to NASDAQ is
a major milestone for Gulf Resources. It is an important endorsement of our
integrity as a public company and helps us build credibility with our
customers, partners, and investors."
About Gulf Resources, Inc.
Gulf Resources, Inc. operates through two wholly-owned subsidiaries,
Shouguang City Haoyuan Chemical Company Limited ("SCHC") and Shouguang Yuxin
Chemical Industry Co., Limited ("SYCI"). The Company believes that it is one
of the largest producers of bromine in China. Elemental Bromine is used to
manufacture a wide variety of compounds utilized in industry and agriculture.
Through SYCI, the Company manufactures chemical products utilized in a variety
of applications, including oil & gas field explorations and as papermaking
chemical agents. For more information about the Company, please visit
http://www.gulfresourcesinc.cn .
Forward-Looking Statements
Certain statements in this news release contain forward-looking
information about Gulf Resources and its subsidiaries business and products
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. The actual results may differ materially depending on
a number of risk factors including, but not limited to, the general economic
and business conditions in the PRC, future product development and production
capabilities, shipments to end customers, market acceptance of new and
existing products, additional competition from existing and new competitors
for bromine and other oilfield and power production chemicals, changes in
technology, the ability to make future bromine asset purchases, and various
other factors beyond its control. All forward-looking statements are
expressly qualified in their entirety by this Cautionary Statement and the
risks factors detailed in the Company's reports filed with the Securities and
Exchange Commission. Gulf Resources undertakes no duty to revise or update
any forward-looking statements to reflect events or circumstances after the
date of this release.
For more information, please contact:
Gulf Resources, Inc.
David Wang, VP of Finance
Email: davidw@gulfresourcesinc.cn
gfre.2008@vip.163.com
Helen Xu
Email: xuhy@gulfresourcesinc.cn
beishengrong@vip.163.com
Web: http://www.gulfresourcesinc.cn/
CCG Investor Relations
Mr. Crocker Coulson, President
Phone: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Ms. Linda Salo, Financial Writer
Phone: +1-646-922-0894
Email: linda.salo@ccgir.com
Web: http://www.ccgirasia.com/
SOURCE Gulf Resources, Inc.
David Wang, VP of Finance, davidw@gulfresourcesinc.cn or
gfre.2008@vip.163.com; Or Helen Xu, xuhy@gulfresourcesinc.cn or
beishengrong@vip.163.com, both of Gulf Resources, Inc.; or Crocker Coulson,
President, +1-646-213-1915, crocker.coulson@ccgir.com; Or Linda Salo,
Financial Writer, +1-646-922-0894, linda.salo@ccgir.com, both of CCG Investor
Relations
