ROSLYN, N.Y., May 31, 2018 /PRNewswire/ -- Sino-Global Shipping
America, Ltd. (NASDAQ: SINO) ("Sino-Global", the "Company" or
"we"), a non-asset based global shipping and freight logistics
integrated solution provider, today announces the signing of a
strategic agreement with Sichuan Changjiang Group Corp., LTD.
("Sichuan Changjiang"), a leading China state-owned importer/exporter.
Pursuant to the strategic agreement, Sino-Global will serve as
the general purchasing agent of sulfur and wood products in the
U.S. as well as the exclusive logistics service provider for
Sichuan Changjiang. Under the agreement, Sino-Global will be
responsible for arranging key personal as well as contacting
suppliers located in the United
States. The strategic agreement provides an opportunity to
improve operational efficiency and reduce overall costs for Sichuan
Changjiang by utilizing Sino-Global's logistics services with both
parties potentially benefiting from an increase in market share and
the further development of their businesses.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated,
"Entering into this agreement with such an established partner as
Sichuan Changjiang is an important achievement for the Company and
will bring further awareness to Sino-Global as a global logistics
service provider. We look forward to a long working relationship
with Sichuan Changjiang and are confident that this partnership
will add value and strengthen profit margins for both
businesses."
About Sichuan Changjiang Group Corp., LTD.
Founded in 1980, formerly known as Sichuan Changjiang Business Enterprise (Group) Co.,
Ltd. is a state-owned enterprise whose primary business is
international trade. The company's business scope covers the
importation / exportation of domestic and frontier trade. Sichuan
Changjiang Group Corp., LTD. has 28 business divisions,
with six wholly-owned venture
enterprises and 29 holding companies with established
wholly-owned enterprises, joint
ventures or representative offices located in Hong Kong, Japan, Canada, Germany, USA, Italy, the United
Arab Emirates, Russia,
Hungary and Myanmar.
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 business services.
Headquartered in New York,
Sino-Global has offices in Los
Angeles, mainland China,
Australia, Canada and Hong
Kong. The Company's current service offerings consist of
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 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 undue
reliance on these forward-looking statements, which speak only as
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 except as required by applicable securities regulations or
rules.
Contact Information
The Equity Group Inc.
Terry Downs
Senior Associate
(212)-836-9615 / tdowns@equityny.com
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SOURCE Sino-Global Shipping America, Ltd.