"Our executive officers believe that the Company's stock is greatly undervalued and we have a strong conviction for Wowjoint's future success. We are dedicated to the Company and are demonstrating our dedication through buying stock in the open market," stated Mr. Yabin Liu, Chief Executive Officer of Wowjoint. "We've discussed our desire to conduct an executive stock purchase with the board of directors following the determination that it's not the best use of Wowjoint's current cash to conduct a stock buyback, as its best used for business expansion purposes. The board supports our decision and we look forward to commencing our Purchase Plan at the beginning of the year."
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