Gulf Resources Inc. is Today's Focus Stock on

/ Source: GlobeNewswire

DALLAS, April 27, 2011 (GLOBE NEWSWIRE) -- announces an investment report featuring Gulf Resources Inc. (Nasdaq:GFRE). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at:

Gulf Resources Inc. (GFRE) manufactures and trades bromine and crude salt, and manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals. As of December 31, 2010, its products have been sold only within the People's Republic of China. GFRE's business operations are conducted in three segments: bromine, crude salt and chemical products. 

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In the report, the analyst notes:

"GFRE plummeted by 30.13% to a price of $2.69 on Tuesday. It set a new 52-week low during yesterday's trading session when it touched 2.30. GFRE shares tanked following the release of a Glaucus Research Group report claiming fraud against the Company. The report brought up several concerns following the performance of due diligence on GFRE."

"'Although we are still in the process of finalizing a formal response and gathering all supporting documents, I would like to state that the report by Glaucus Research contains serious misstatements about our Company. We are working hard to provide clarifications on the issues mentioned in order to reassure investors,' GFRE CEO Xiaobin Liu stated in the company's release."

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