CHANGSHU, China, March 31, 2015 /PRNewswire/ -- Sutor
Technology Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR),
one of the leading China-based
manufacturers and service providers for fine finished steel
products used by a variety of downstream applications, announced
that it held a Fine Finished Steel O2O Seminar at Crowne Plaza
Shanghai Fudan on March 28, 2015.
Aiming to make itself one of the best fine finished steel supply
chain service providers, Sutor created a unique fine finished steel
O2O (online-to-offline) marketing model in the ongoing
transformation of its business model. The seminar attracted lots of
strategic partners, including Samsung, Thyssenkrupp, and many
important customers from China and
abroad. Sutor's independent directors, Mr. Guoyou Shao and Mr. Lin
Yang, also attended the seminar.
During the seminar, Sutor presented its value-added products of
pre-painted hot dipped galvanized steel and JCOE steel pipes, and
introduced its newly developed O2O marketing model. The O2O
marketing model for fine finished steel is a multi-channel
combination of placing orders, making payments, warehousing,
logistics and financing. The launching of this model marks another
step forward in Sutor's business transformation and upgrading. We
will continue to seek and create more win-win collaboration models
to benefit our customers, suppliers, and all stakeholders.
About Sutor Technology Group Ltd
Sutor is one of the leading China-based manufacturers and service
providers for high-end fine finished steel products and welded
steel pipes used by a variety of downstream applications. The
Company utilizes a variety of in-house developed processes and
technologies to convert steel manufactured by third parties into
fine finished steel products, including hot-dip galvanized steel,
pre-painted galvanized steel, acid-pickled steel, cold-rolled steel
and welded steel pipe products. The Company also provide fee-based
steel processing services to customers, including industrial peers.
To learn more about the Company, please visit
http://www.sutorcn.com/en/index.php.
Forward-Looking Statements
This press release includes certain statements that are not
descriptions of historical facts, but are "forward-looking
statements" in nature within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements include, among
others, those concerning our expected financial performance,
liquidity and strategic and operational plans, our future operating
results, our expectations regarding the market for our products,
our expectations regarding the steel market, as well as all
assumptions, expectations, predictions, intentions or beliefs about
future events. You are cautioned that any such
forward-looking statements are not guarantees of future performance
and that a number of risks and uncertainties could cause our actual
results to differ materially from those anticipated, expressed or
implied in the forward-looking statements. These risks and
uncertainties include, but not limited to, the factors mentioned in
the "Risk Factors" section of our Annual Report on Form 10-K for
the year ended June 30, 2014, and
other risks mentioned in our other reports filed with the
Securities Exchange Commission ("SEC"). Copies of filings
made with the SEC are available through the SEC's electronic data
gathering analysis retrieval system (EDGAR) at
http://www.sec.gov. The words "believe," "expect,"
"anticipate," "project," "targets," "optimistic," "intend," "aim,"
"will" or similar expressions are intended to identify
forward-looking statements. All statements other than statements of
historical fact are statements that could be deemed forward-looking
statements. The Company assumes no obligation and does not
intend to update any forward-looking statements, except as required
by law.
For more information, please contact:
Investor Relations
Sutor Technology Group Limited
Tel: +86-512-5268-0988
Email: investor_relations@sutorcn.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/sutor-technology-group-limited-holds-fine-finished-steel-o2o-seminar-in-shanghai-300058187.html
SOURCE Sutor Steel Technology Co., Ltd.