SHANDONG, China, Jan. 14, 2013 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company has completed the renovation of the commercial building it acquired on September 25, 2012. Meanwhile, the staff has begun to move into the new office building.
"I believe that, with the commencement of our new office headquarters, the image of Gulf Resources will be further recognized by the public. Additionally, not only will the new building provide better support to our business operations, but it will also bring us more business opportunities," said Mr. Liu, CEO of the Company.
The building is located in the new developing business district in Shouguang City, covering 5,195.87 square meters (or equivalent of approximately 55,928 square feet). On January 10, 2013, it started operating as the Company's new office headquarters, and replaced the old leased office located at Chenming Industrial Park.
About Gulf Resources, Inc.
Gulf Resources, Inc. operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC") and Shouguang Yuxin Chemical Industry Co., Limited ("SYCI"). 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 & gas field explorations and as papermaking chemical agents. For more information, visit www.gulfresourcesinc.com.
The Gulf Resources, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15631
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, as amended and Rule 3b-6 under the Securities Exchange Act of 1934 as amended, 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 of its disclosure.
Source:Gulf Resources, Inc.