Sino-Global Establishes Branch Offices in Yantai and Yingkou
April 27 2009 - 7:00AM
PR Newswire (US)
BEIJING, April 27 /PRNewswire-Asia/ -- Sino-Global Shipping
America, Ltd. (NASDAQ:SINO) ("Sino-Global" or the "Company"), a
leading, non-state-owned provider of shipping agency services
operating primarily in China, today announced the establishment of
two new branches in Yantai, Shandong province and Yingkou, Liaoning
province, China. The new branch offices give Sino-Global a presence
in eight ports in China, and will enable the company to provide a
full range of services to companies doing business in the Yantai
and Yingkou ports. The Company has contractual arrangements with
local shipping agencies in all mainland Chinese ports in which it
does not have a branch office. "Expanding the geographic reach of
our services continues to be one of our key development strategies
as we strive to better serve the needs of our clients from port to
port," said Mr. Cao Lei, Sino-Global's chief executive officer.
"Our ability to be responsive to the needs of our clients while
concurrently offering a comprehensive suite of high-quality
shipping agency services gives us unique advantages compared to our
large, state-owned competitors and the hundreds of small, local
shipping agencies with which we compete. I'm confident that this
geographic expansion combined with our strategy of low-cost
expansion into complementary business areas such as handling cargo
and renting and staffing ships will allow us to maintain positive
growth momentum even within this economic downturn." Yantai port
handles mainly container, bulk cargo, and Roll-on/Roll-off traffic
for goods such as fertilizer, iron ore, grain, cement, coal and
rock such as granite. Due to extensive land transportation links
including rail and highway, Yantai port is one of China's major
harbors for water-land trans-shipment. Yingkou port is the
second-largest port in northeast China and the tenth-largest
nationwide. The port mainly processes shipments of containers,
grain, automobile and finished oil, but other common shipments
include iron, steel, timber, coal, bulk chemical fertilizer,
mineral powder, liquid chemicals, petroleum, beverages, ceramic
tiles and non-metal products. About Sino-Global Shipping America,
Ltd. Registered in the United States in 2001 and operating
primarily in mainland China, Sino-Global is a leading,
non-state-owned provider of high-quality shipping agency services.
With local branches in eight of China's 76 ports and contractual
arrangements in all those where it does not have branch offices,
Sino-Global is able to offer efficient, high-quality shipping
agency services to shipping companies entering Chinese ports. With
a subsidiary in Perth, Australia, where it has a contractual
relationship with a local shipping agency, Sino-Global provides
complete shipping agent services to companies involved in trades
between Chinese and Australian ports. Sino-Global also operates a
subsidiary in Hong Kong, China, to provide comprehensive shipping
agent services to vessels going to and from one of the world's
busiest ports. Sino-Global provides ship owners, operators and
charters with comprehensive yet customized shipping agency services
including intelligence, planning, real-time analysis and
on-the-ground implementation and logistics support. Sino-Global has
achieved both ISO9001 and UKAS certifications. Forward Looking
Statements No statement made in this press release should be
interpreted as an offer to purchase any security. Such an offer can
only be made in accordance with the Securities Act of 1933, as
amended, and applicable state securities laws. Any statements
contained in this release that relate to future plans, events or
performance are forward-looking statements that involve risks and
uncertainties as identified in Sino-Global's filings with the
Securities and Exchange Commission. Actual results, events or
performance may differ materially. Readers are cautioned not to
place undo reliance on these forward- looking statements, which
speak only as the date hereof. Specifically, Sino- Global cannot
guarantee that the two new branches discussed herein will result in
any new business or produce any revenues or meet the prospects
referenced herein. Sino-Global undertakes no obligation to publicly
release the results of any revisions to these forward-looking
statements that may be made to reflect the events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events. For investor and media inquiries, please contact: Ms. Apple
Liang Sino-Global, Beijing Tel: +86-10-6439-1888 Email: Ms. Flora
Tian Ogilvy Financial, Beijing Tel: +86-10-8520-6524 Email:
DATASOURCE: Sino-Global Shipping America, Ltd. CONTACT: Ms. Apple
Liang, Sino-Global, Beijing, +86-10-6439-1888, or ; Ms. Flora Tian,
Ogilvy Financial, Beijing, +86-10-8520-6524, or
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