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Fushi Copperweld Joins Word Economic Forum’s Community of Global Growth Companies

August 18, 2009

DALIAN, China, Aug. 18 /PRNewswire-Asia-FirstCall/ — Fushi Copperweld,
Inc., (the “Company” or “Fushi”) (Nasdaq: FSIN), the leading global
manufacturer and innovator of copper-clad bimetallic wire used in a variety of
telecommunication, utility, transportation and other electrical applications,
today announced that the Company became one of the newest members of the World
Economic Forum’s (WEF) Community of Global Growth Companies (GGC), a group of
rapidly growing companies that are redefining the global economy.

“Fushi Copperweld is extremely proud to be nominated as a Member of the
World Economic Forum’s Community of Global Growth Companies,” said Fu Li,
Chairman and Chief Executive Officer of Fushi Copperweld. “Our growth has
been very strong and we continue to have high expectations for the future.
The Community of GGCs is an obvious next step forward in realizing our long
standing goals of exploring and benefiting from the vast growth opportunities
our products present us with around the globe.”

Established at the 2007 Inaugural ‘Annual Meeting of New Champions’, also
known as the ‘Summer Davos’, the Community of GGCs are a new breed of high-
growth enterprises that are global in outlook and capable of reshaping the
global business landscape. The membership is made up of the 500 foremost
global growth companies and Fushi has fulfilled the criteria to become a GGC
Member, namely:

    -- Established intent and capacity to build a global business
    -- Extremely strong growth rate (72.7% in 2008)
    -- Demonstrated leadership in shaping the future of their industry
    -- Exemplary reputation and executive leadership

Fushi plans on attending this year’s ‘Summer Davos’, which will be held in
Dalian, China, on 10-12 September 2009. The Meeting in Dalian, China, will
bring together over 1,000 industry, government and thought leaders to debate
and define the course needed to relaunch growth. Fushi expects the GGC
Community to work as a platform for influencing future trends and technology
development on a global scale. Fushi also expects to benefit from experiences
of other GGC Members, especially those operating globally, developing
recognized global brands and managing extremely rapid expansion.

About the World Economic Forum

The World Economic Forum is an independent international organization
committed to improving the state of the world by engaging leaders in
partnerships to shape global, regional and industry agendas.

Incorporated as a foundation in 1971, and based in Geneva, Switzerland,
the World Economic Forum is impartial and not for-profit; it is tied to no
political, partisan or national interests. (http://www.weforum.org )

About Fushi Copperweld, Inc.

Fushi Copperweld, Inc. through its wholly owned subsidiaries, Fushi
International (Dalian) Bimetallic Cable Co, Ltd., and Copperweld Bimetallics,
LLC, is the leading manufacturer and innovator of copper- clad bimetallic
engineered conductor products used in the electrical, telecommunications,
transportation, utilities and industrial industries. With extensive design
and production capabilities and a long-standing dedication to customer service,
Fushi Copperweld, Inc. is the preferred choice bimetallic products world-wide.
For more information, visit: 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 www.sec.gov.

    Fore more information, please contact:

     Nathan Anderson
     Vice President of Investor Relations
     Fushi Copperweld, Inc.
     Email: nanderson@fushicopperweld.com
     Tel:   +1-931-433-0482

     Judy Zhu
     IR Manager
     Email: jzhu@fushicopperweld.com
     Tel:   +1-931-433-0482

SOURCE Fushi Copperweld, Inc.


Source: newswire



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