ROSLYN, N.Y., Nov. 11, 2015 /PRNewswire/ -- Sino-Global
Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global" or the
"Company"), a Virginia company
engaged in shipping, chartering, logistics and related services,
today announced that it has appointed Zhikang "Michael" Huang to
the Company's Board of Directors. Since 2010, Mr. Huang has served
as Sino-Global's Chief Operating Officer and has worked with the
Company for over thirteen years. Mr. Huang will replace
Anthony S. Chan and will serve the
balance of Mr. Chan's term. Sino-Global's Board will remain at five
members, with three independent directors.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated, "We
are very pleased to welcome Michael to the Board. His experience
and knowledge of the Company will prove valuable as we continue to
move forward in our development.
"We would like to thank Anthony for his contributions during his
tenure with the Company. He has been an effective and influential
member of our Board and largely contributed to our return to
profitability in his roles as interim CFO and Executive Vice
President. We thank him for his service and wish him well in his
future endeavors."
Prior to 2010, Mr. Huang served as a Director of Sino-Global
Shipping Australia, for which he oversaw the marketing and
regulation operations for the regional division. From 2006 through
2010, Mr. Huang served as our Company's Vice President, with
responsibilities for management of the Company's international
shipping and marketing efforts. From 2004 through 2006, Mr. Huang
served as our Company's Operations Manager, and from 2002 through
2004, he served as an operator with the Company.
Additional Items
- On November 6, 2015, the Company
received notification from The Nasdaq Stock Market stating that for
the previous 30 consecutive business days, the bid price of the
Company's common stock had closed below the minimum $1.00 per share requirement for continued
inclusion on The Nasdaq Market pursuant to Nasdaq Marketplace Rule
5450(a)(1) (the "Minimum Bid Price Rule"). The letter has no
immediate effect on the listing of the Company's common stock.
- The Company will issue its Fiscal Year 2016, First Quarter
financial results after close of market on Thursday, November 12, 2015.
About Sino-Global Shipping America, Ltd.
Founded in
the United States in 2001,
Sino-Global Shipping America, Ltd. is a company engaged in
shipping, chartering, logistics and related services. Headquartered
in New York, Sino-Global has
offices in Mainland China, Australia, Canada and Hong
Kong. The Company's current service offerings consist of
shipping agency services, shipping and chartering services, inland
transportation management services and ship management services.
Additional information about Sino-Global can be found on the
Company's corporate website at www.sino-global.com.
Forward Looking Statements
Any statements and/or
other information contained in this release that relate, directly
and/or indirectly, to future plans, events or performance of the
Company are forward-looking statements that involve risks, and
uncertainties some of which are identified in Sino-Global's filings
with the Securities and Exchange Commission. Actual results,
events or performance of the Company and such other about mentioned
events may differ materially. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as the date hereof. Sino-Global undertakes no
obligation to publicly release or otherwise disclose the results of
any revisions to these forward-looking statements that may be made
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
CONTACT:
The Equity Group Inc.
Terry
Downs
Associate
+1-212-836-9615 / tdowns@equityny.com
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SOURCE Sino-Global Shipping America, Ltd.