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WUHAN, China, Sept. 4 /Xinhua-PRNewswire-FirstCall/ -- Wuhan General Group,
Inc. (Nasdaq: WUHN) today announced that management will be participating in
the Susquehanna Second Annual Beijing Management Summit at the Grand Hyatt
Hotel in Beijing. Management's participation will consist of a presentation
scheduled for Friday, September 12, 2008 at 10:20 a.m. local time as well
one-on-one meetings with investors.
Institutional investors who are interested in attending should contact
their respective institutional sales representative at Susquehanna.
About Wuhan General
Wuhan General designs, manufactures, and distributes industrial blowers
and turbines. Blowers are used in a variety of applications where large
amounts of air have to be moved. Examples include electricity generation, air
pollution control, and ventilation and aeration in subways and vehicular
tunnels, mines, and sewage treatment facilities. Wuhan General manufactures
both steam and water turbines, which are used for electricity generation in
coal, oil, nuclear, and hydroelectric power plants. The company is located in
Wuhan, China, a major industrial city of 8 million people strategically
located in the south-central part of China.
Safe Harbor Statement
Certain statements in this press release, including those concerning our
future financial performance and market share, our ability to collect on our
customer accounts, the cost of raw materials, growth of our blower and turbine
businesses and our technical abilities, the markets for blowers, turbines and
anti-pollution equipment generally in China, the changing competitive
environment in our industry and our ability to adapt, completion of Wuhan
General's turbine manufacturing facility, the Chinese economy and regulation,
may be forward-looking in nature or "forward-looking statements" as defined by
the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks and uncertainties, including all
business uncertainties relating to vulnerability of our business to general
economic downturn, operating in China generally and the potential for changes
in Chinese laws that affect our operations, our failure to meet or timely meet
contractual performance standards and schedules and other factors that may
cause actual results to be materially different from those described in such
forward-looking statements. Certain of these risks and uncertainties are or
will be described in greater detail in our filings with the Securities and
Exchange Commission. These forward-looking statements are based on Wuhan
General's current expectations and beliefs concerning future developments and
their potential effects on the company. There can be no assurance that future
developments affecting Wuhan General will be those anticipated by the company.
Wuhan General undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws.
For more information, please contact:
Haiming Liu
CFO
Wuhan General Group.
Tel: +86-27-5970-0067
Dan Joseph
ICR, Inc.
Tel: +86-21-6122-1077
Bill Zima
ICR Inc. (US)
Tel: +1-203-682-8200
SOURCE Wuhan General Group, Inc.
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