SHOUGUANG, China, March 14, 2016 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company" or "GURE"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced the explaining letter for its website issues.
In response to requests from shareholders, GURE is in the process of completely updating and rebuilding its website.
The Company is aware that it has not been diligent in keeping its website up to date on all subjects. The new and improved website will update all of the information needed by investors and will also include new communication from the management as well as full information on new projects, including the acquisition of SCRC and the drilling for natural gas in Sichuan province.
Unfortunately as we have begun the process of rebuilding our website, we have encountered a technical problem. The software we originally used, Joomla 1.0 is no longer supported by our website provider. To utilize the current PHP version 5.6, we need to upgrade to Joomla 3.4.
We are working as hard as we can to get the new software installed and provide investors with all the information they want.
We recognize that this is an unfortunate time for this to occur. We will be reporting our 2015 results soon and will be holding a conference call. It would be an inconvenience for our investors to attend the webcasting if we are not able to get the new software installed. But there would still be a link available for investors to attend our webcasting even though not a direct link from the company website.
We apologize to our investors for this issue. We want our investors to know that we are dedicated to providing them with complete, up-to-date information on our website and that we will work diligently to get the new website operational and then to keep it complete and current.
We appreciate your patience and promise to do a better job of investor communications in the future.
About Gulf Resources, Inc.
Gulf Resources, Inc. operates through three wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC"), Shouguang Yuxin Chemical Industry Co., Limited ("SYCI") and Shouguang City Rongyuan Chemical Co., Ltd. (SCRC). The Company believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SYCI, the Company manufactures chemical products utilized in a variety of applications, including oil and gas field explorations and as papermaking chemical agents. And SCRC is a leading manufacturer of materials for human and animal antibiotics in China and other parts of Asia. For more information, visit www.gulfresourcesinc.com.
Certain statements in this news release contain forward-looking information about Gulf Resources and its subsidiaries business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, future product development and production capabilities, shipments to end customers, market acceptance of new and existing products, additional competition from existing and new competitors for bromine and other oilfield and power production chemicals, changes in technology, the ability to make future bromine asset purchases, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. Gulf Resources undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Gulf Resources, Inc.
Director of Investor Relations
Helen Xu (Haiyan Xu)
Source:Gulf Resources, Inc.