Wowjoint Holdings Limited Announces New International Contract & Provides Business Update

Wowjoint Holdings Limited BWOW, today announced that it entered an agreement for Movable Scaffolding Systems in Malaysia. Wowjoint is also providing a business update on recent developments. The Company entered an agreement to provide two Movable Scaffolding Systems ("MSS") for a project in Malaysia. The value of the agreement is approximately $2.6 million. Production began in April and delivery is expected to occur in September 2012. This is a new type of equipment for Wowjoint and it further expands its product range in construction machinery from providing not only machines for the precast arena, but now also non-prefabricated girder/beam bridge construction. The MSS is equipment that will initially be marketed for the Southeast Asian markets and we anticipate the demand for the equipment to be significant once the initial machine is deployed. "We are excited to announce this agreement in Malaysia," stated Yabin Liu, Chief Executive Officer of Wowjoint Holdings Limited. "This demonstrates our focus on expansion outside of China and providing a larger revenue stream for the Company. We are proud of our R&D team for their constant drive to develop new products and we believe this new MSS machine could have a substantial worldwide demand."