DALLAS, July 26, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Wowjoint Holdings Ltd. (Nasdaq:BWOW). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/BWOW
Wowjoint Holdings Ltd. (BWOW) provides customized heavy duty lifting and carrying machinery for use in large scale infrastructure projects such as railway, highway and bridge construction in China. The Company's main product lines include launching gantries, tyre trolleys, special carriers and marine hoists. Its innovative design capabilities have resulted in patent grants and proprietary products. BWOW 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.
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In the report, the analyst notes:
"BWOW saw its shares leap 106% in Friday's trading, buoyed by news the Company has entered into a new equipment contract for a marine hoist. The agreement calls for Shenzhen Land Investment & Development Center, a government control center, to purchase from BWOW a 50 ton marine hoist, in a deal valued at about $400,000."
"BWOW reported revenues of $6.6 million for the first quarter ended March 31, 2011, an increase of 282% from $1.7 million reported in the first quarter of 2010."
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