ROSLYN, N.Y., Feb. 3, 2021
/PRNewswire/ -- Sino-Global Shipping America,
Ltd. (NASDAQ: SINO) ("Sino-Global", the "Company"
or "we"), a non-asset based global shipping and freight
logistical integrated solutions provider,
announced today that the newly appointed Chief
Operating Officer Mr. Lei Nie and Chief Technology Officer Mr.
Xintang You will spearhead the Company's effort to enter
Bitcoin mining.
As Sino-Global evaluates its strategy for 2021 and beyond, the
planned Bitcoin mining expansion follows a series of steps in
preparation. The plan utilizes leadership team members who
specialize in information technology, Blockchain,
cryptocurrency mining operations and more. Given the Company's plan
to enhance the traditional logistics service platform through
leveraging innovative technologies, the Company is excited to
explore opportunities created by current market conditions and
enter the cryptocurrency sector.
"We are thrilled to expand to Bitcoin mining," commented
Mr. Lei Cao, Chief Executive Officer of Sino-Global. "The
management team is ready to take our business to the next level by
executing this expansion strategy. We believe that Sino-Global is
well-positioned to continue growing its core business while
expanding to Bitcoin mining operations."
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 Los Angeles,
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.net. The
Company routinely posts important information on its website.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include timing
of the proposed initiative; the business plans, objectives, and
expectations of the Company regarding the initative, and SINO's
estimated and future results of operations, business strategies,
competitive position, industry environment and potential growth
opportunities. These forward-looking statements reflect the current
analysis of existing information and are subject to various risks
and uncertainties. As a result, caution must be exercised in
relying on forward-looking statements. Due to known and unknown
risks, our actual results may differ materially from our
expectations or projections. All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements.
The following factors, among others, could cause actual results
to differ materially from those described in these forward-looking
statements: there is uncertainty about the spread of the COVID-19
virus and the impact it will have on SINO's operations, the demand
for SINO's products and services, global supply chains and economic
activity in general. In addition, the value of cryptocurrencies may
fluctuate significantly over time. These and other risks and
uncertainties are detailed in the other public filings with
the SEC by SINO.
Additional information concerning these and other factors that
may impact our expectations and projections will be found in our
periodic filings with the SEC, including our Annual Report on
Form 10-K for the fiscal year ended June 30, 2020.
SINO's SEC filings are available publicly on
the SEC's website at www.sec.gov. SINO disclaims any
obligation to update the forward-looking statements, whether as a
result of new information, future events or otherwise.
For more information, please contact:
Tuo Pan, Acting Chief Financial
Officer
1-718-888-1814
tinap@sino-global.com
View original
content:http://www.prnewswire.com/news-releases/sino-global-announces-new-executive-leadership-to-drive-bitcoin-mining-operations-expansion-301220877.html
SOURCE Sino-Global Shipping America, Ltd.