ROSLYN, New York, July 23, 2020 /PRNewswire/ -- Sino-Global
Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global", the
"Company", "we", "our", or "us"), a global logistics service
provider, today announced that it has received a letter from the
Nasdaq Hearing Panel ("Nasdaq"), indicating that Sino-Global has
regained compliance with the $1.00
per share minimum closing bid price requirement for continued
listing on the Nasdaq Stock Market, pursuant to the Nasdaq
marketplace rules.
Nasdaq indicated within its letter that since the Company has
regained compliance with Listing Rule 5550(a)(2), or the Minimum
Bid Price Rule, this matter is now closed.
About Sino-Global Shipping America, Ltd.
Founded in the United States in
2001, Sino-Global Shipping America, Ltd. is a company engaged
originally in shipping, chartering, logistics and related business
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 and management, inland transportation management,
freight logistics and container trucking services. Additional
information about Sino-Global can be found on the Company's
corporate website at www.sino-global.com. The Company routinely
posts important information on its website.
Forward Looking Statements
No statement made in this press release should be interpreted as
an offer to sell or a solicitation of 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 U.S. Securities and Exchange Commission. Actual
results, events or performance may differ materially. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. 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 unless required by
applicable law or regulations.
Contact Information
The Equity Group Inc.
Adam Prior
Senior Vice-President
(212)-836-9606 / aprior@equityny.com
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SOURCE Sino-Global Shipping America, Ltd.