Wowjoint Holdings (NASDAQ:BWOW)

BEIJING, May 2, 2012 /PRNewswire-Asia/ -- Wowjoint Holdings Limited (NASDAQ: BWOW, BWOWW and BWOWU) ("Wowjoint" or the "Company"), China's innovative infrastructure solutions provider of customized heavy duty lifting and carrying machinery, announced today that its application to transfer the listing of its ordinary shares, warrants and units from the NASDAQ Global Market to the NASDAQ Capital Market has been approved by NASDAQ.

This transfer will be effective at the opening of business on May 2, 2012, and the Company's ordinary shares, warrants and units will continue to trade under the symbols "BWOW", "BWOWW" and "BWOWU" respectively. The NASDAQ Capital Market is a continuous trading market that operates in the same manner as the NASDAQ Global Market and listed companies must meet certain financial requirements and comply with NASDAQ's corporate governance requirements.

In November 2011, the Company announced that it received notifications from NASDAQ, notifying it that it was not in compliance with the Minimum Market Value of Publicly Held Shares (MVPHS) of $5,000,000 and the $1.00 Minimum Closing Bid Price requirements. The Company was granted until April 30, 2012 to regain compliance with the $5,000,000 MVPHS requirement and until May 2, 2012 to regain compliance with the $1.00 Minimum Closing Bid Price requirement. In anticipation of not meeting the minimum bid price requirement before May 2, 2012, the Company, requested and received approval from NASDAQ to transfer from the NASDAQ Global Market to the NASDAQ Capital Market.

The Company currently meets the MVPHS requirement of the NASDAQ Capital Markets and it was afforded an additional 180 day compliance period until October 29, 2012, to regain compliance with the minimum bid price requirement while listed on the NASDAQ Capital Market. If the Company cannot demonstrate compliance within such period, NASDAQ will notify the Company of its determination to delist the Company's securities, which decision may be appealed to a NASDAQ hearings panel.

BEIJING, April 20, 2012 /PRNewswire-Asia/ -- Wowjoint Holdings Limited ("Wowjoint," or the "Company") (Nasdaq: BWOW), China's innovative infrastructure solutions provider of customized heavy duty lifting and carrying machinery, today announced that the Company received a letter from the Listing Qualification Staff of the NASDAQ Stock Market LLC (the "Staff") on April 13, 2012, indicating that the Company had not paid the listing fee required by NASDAQ Listing Rules 5900. On April 18, 2012, the Company paid the applicable fees in full and thereby regained compliance of NASDAQ Listing Rules 5900.

The Company previously received notifications from NASDAQ that it was not in compliance with the Minimum Market Value of Publicly Held Shares (MVPHS) of $5,000,000 and the $1.00Minimum Closing Bid Price requirement. If the Company is unable to demonstrate compliance with the $5,000,000 MVPHS requirement before April 30, 2012 or unable to demonstrate compliance with the $1.00 Minimum Closing Bid Price requirement before May 2, 2012, the Staff will notify the Company that its securities will be delisted from the NASDAQ Global Market.