CHANGSHU, China, June 5, 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, today
announced that it has successfully reserved a new ticker symbol of
"TOR" for the Company's common stock traded on the NASDAQ Capital
Market. The Company's common stock will continue to be traded under
the symbol of "SUTR" until the new symbol is officially
adopted.
Lifang Chen, Chairwoman and CEO
of Sutor commented, "The Company transformed from a traditional
steel manufacturer to a fine finished steel supply chain service
provider. To help foster a stronger and more recognizable brand for
the Company, we reserved a new symbol of 'TOR'. We will decide at
an appropriate time to start trading our common stock under the new
symbol and update the market promptly."
About Sutor Technology Group Limited
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. In addition, the Company offers
fee-based steel processing services and sells fine finished steel
products through electronic commerce platforms. 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. These statements are based on
beliefs and assumptions of management, which in turn are based on
currently available information. These forward-looking
statements also involve risks and uncertainties, which could cause
actual results to different materially from those contained in any
forward-looking statement. Many of these factors are beyond
our ability to control or predict. Important factors that
could cause actual results to differ materially from those
contained in any forward-looking statement include, without
limitation, uncertainties as to our future financial performance,
liquidity and strategic and operational plans, the market for our
products, and uncertainties discussed in our other reports filed
with the Securities Exchange Commission ("SEC") by the
Company. 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
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SOURCE Sutor Steel Technology Co., Ltd.