Wowjoint Holdings Limited Signs Contract with Shenzhen Land Investment & Development Center

Wowjoint Holdings Limited (NASDAQ:

), today announced it has signed a new equipment contract for a marine hoist. Shenzhen Land Investment & Development Center, a government control center, signed a contract with Wowjoint for approximately $400,000 to purchase a 50 ton marine hoist. The marine hoist will be used as a yacht hoist in the 2011 Shezhen Universiade. This represents the second industry that Wowjoint has been able to penetrate with its customized marine hoist and is a large market that can lead to future sales.