Gulf Resources Reports Its 2013 10-K Filing Schedule
SHOUGUANG, China, Jan. 28, 2014 (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
it will file its 2013 10-K report on schedule in compliance with SEC rules.
Regarding recent news from Securities and Exchange Commission ("SEC"), "An SEC
administrative law judge suspended the Chinese affiliates of the Big Four from
auditing U.S. public companies for six months. The agency brought a proceeding
against the firms and BDO China Dahua CPA Co. Ltd. for refusing to hand over
audit documents of clients suspected of accounting fraud. The firms said they
will appeal the decision."
This action will not affect Gulf Resources' 2013 10-K filing since the company
changed its auditor to Morison Cogen LLP in December 2011. The company's
management affirms that the company will file its 2013 10-K report on or
before March 31, 2014 in compliance with SEC rules.
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.
CONTACT: Max Ma
Gulf Resources, Inc. logo
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