DALIAN, China, June 4 /Xinhua-PRNewswire-FirstCall/ -- Fushi Copperweld,
Inc. (Nasdaq: FSIN), the leading global manufacturer of bimetallic wire used
in a variety of telecommunication, utility, automotive and other electrical
applications, today announced the hiring of Dwight Berry to the newly created
position of Vice President of Commercial Development, effective immediately.
Based out of Fayetteville, TN, Mr. Berry's responsibilities will include
oversight of the Company's sales and R&D functions. Mr. Berry has 15 years of
direct CATV/wire and cable experience and over 20 years experience in
manufacturing management. Most recently, Mr. Berry served in general manager
and operations manager positions where he had responsibility for sales and
customer service as well as for manufacturing operations. Mr. Berry's
education includes a Bachelor of Science Degree from the Mississippi College
in Clinton, Mississippi, Financial Training from Wharton Financial School at
the University of Pennsylvania and many additional specialized skills and
accomplishments in Senior Leadership and Management.
Mr. Li Fu, Chairman and Chief Executive Officer of Fushi Copperweld
commented, "We are extremely excited to have someone of Dwight's caliber and
experience join our management team. He has extensive experience in the cable
and wire industry and has past employment experience in the areas of new
business development and operations will serve us well going forward. We look
forward to his contributions as we continue to expand our international
presence in the bimetallic industry."
Mr. Dwight Berry commented, "Fushi Copperweld is a well-positioned leader
in the bimetallics industry and I am extremely excited to join a growing,
globally-oriented organization with unique products, financial strength and
strong market presence. I look forward to strengthening ties with new and
existing customers and sharing my managerial skills with the Company's sales
and R&D teams."
Additionally, the Company confirmed today that its former Chief Operating
Officer, Mr. Chris Finley will serve as a consultant to the Company for the
next 12 months. Mr. Finley recently stepped down from his COO position with
Fushi Copperweld largely due to his extensive travel schedule between the
Company's facilities in China, Europe and the U.S.
Mr. Fu stated, "We are saddened by Chris's decision to move away from
full-time employment with the Company but understand his desire to travel less
in order to spend more time with his family. We are fortunate that Chris will
stay on with the Company in a consulting role for at least one year."
Mr. Chris Finley added, "I continue to view Fushi Copperweld as an
exciting opportunity, second only to time with my family. I look forward to a
continuing relationship with the management, staff and customers of Fushi
Copperweld over the next year."
About Fushi Copperweld
Fushi Copperweld, Inc. through its wholly owned subsidiaries, Fushi
International (Dalian) Bimetallic Cable Co, Ltd., and Copperweld Bimetallics,
LLC, manufactures bimetallic composite wire products, principally copper-clad
aluminum wires ("CA") and copper-clad steel ("CCS"). CCA and CCS wire offers
greater value than solid copper wire in a wide variety of applications such as
coaxial cable for cable television (CATV), signal transmission lines for
telecommunication networks, distribution lines for electricity, electrical
transformers, wire components for electronic instruments and devices,
utilities, appliances, automotive, building wire, and other industrial wire.
For more information on Fushi Copperweld, visit the Company's website:
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 about our proposed discussions
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 Securities and Exchange Commission (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 .
SOURCE Fushi Copperweld, Inc.