Fushi Copperweld Files Shelf Registration

DALIAN, China, July 6 /PRNewswire-Asia-FirstCall/ -- Fushi Copperweld,
Inc., (the "Company" or "Fushi") (Nasdaq: FSIN), the leading global
manufacturer and innovator of copper-clad bimetallic wire used in a variety of
telecommunication, utility, transportation and other electrical applications,
today announced that it has filed a shelf registration statement on Form S-3
with the U.S. Securities and Exchange Commission (the "SEC"), on July 6, 2009.
The shelf registration statement, when declared effective by the SEC,
would allow the Company to offer and sell, from time to time, in one or more
offerings, any combination of common stock, preferred stock, warrants, debt
securities, or units (collectively, the "Securities") having an offering price
not exceeding $100 million, in the aggregate, with the size, price and terms
to be determined at the time of each sale. Such sales may be made to or
through underwriters, directly to investors or through agents. The shelf
registration statement is intended, when it is declared effective, to provide
the Company with the flexibility to raise additional capital in the future
from the offering of the Securities, subject to market conditions and the
Company's capital needs.
The shelf registration statement filed with the SEC has not yet become
effective. No securities may be sold, nor may offers to buy be accepted, prior
to the effectiveness of the shelf registration statement. Any offer of
securities by Fushi will be made solely by means of the prospectus included in
the shelf registration and a prospectus supplement containing the terms of the
securities to be offered, which will be filed with the SEC and delivered at
the time of the offering by Fushi.
The shelf registration statement also includes a separate prospectus for
the resale of up to 2,600,000 shares owned by the selling stockholders named
therein. Fushi will not receive proceeds from the sales of securities under
the resale prospectus. This press release shall not constitute an offer to
sell or a solicitation of an offer to buy the securities, nor shall there be
any sale of these securities in any jurisdiction in which an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such jurisdiction.
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 cladded bi-metallic
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 bi-metallic 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 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 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 http://www.sec.gov .
For more information, please contact:

Fushi Copperweld, Inc.
Nathan Anderson
Vice President of Investor Relations
Email: IR@fushicopperweld.com
Tel: +1-931-433-0482

SOURCE Fushi Copperweld, Inc.

Nathan Anderson, Vice President of Investor Relations of Fushi Copperweld,
Inc., +1-931-433-0482, or IR@fushicopperweld.com