Tongxin Extends Term of Outstanding Warrants by an Additional Year, to Expire on April 30, 2013
May 07 2012 - 10:21AM
Marketwired
Tongxin International Ltd., (PINKSHEETS: TXIC), a China-based
manufacturer of engineered vehicle body structures ("EVBS") and
stamped parts for the commercial automotive industry, today
announced that it has extended the expiration date of its
outstanding warrants to April 30, 2013. The previous extension
granted on March 9, 2011, had extended the expiration date to March
30, 2012. The remaining terms of the outstanding warrants remain
the same.
Warrant holders with questions regarding the extension of the
expiration date of the Company's outstanding warrants should
contact the Company at 1-800-625-2236, ext. 7770.
About Tongxin International Ltd.
Tongxin International Ltd., the largest independent supplier of
EVBS in China, is capable of providing EVBS for both the commercial
truck and light vehicle market segments. The Company also designs,
fabricates and tests dies used in the vehicle body structure
manufacturing process. EVBS consists of exterior body panels
including doors, floor pans, hoods, side panels and fenders.
Tongxin International Ltd. maintains a network of over 130
customers throughout 21 provinces in China. Headquartered in
Changsha, the Company also maintains regional manufacturing in
Dali, Ziyang and Zhucheng. For more information, please visit
www.txicint.com or www.hntx.com
Forward-Looking Statements
Statements contained in this press release, which are not
historical fact, constitute Forward-Looking Statements. Actual
results may differ materially due to numerous important factors
that are described in Tongxin International Ltd.'s reports to the
SEC, which may be revised or supplemented in subsequent reports to
the SEC. Such factors include, among others, the cost and timing of
implementing restructuring actions, the Company's ability to
generate cost savings or manufacturing efficiencies to offset or
exceed contractually or competitively required price reductions or
price reductions to obtain new business, conditions in the
automotive industry, and certain global and regional economic
conditions. Tongxin International Ltd. does not intend or assume
any obligation to update any forward-looking statement to reflect
events or circumstances after the date of this press release.
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Contact In the U.S.: Stanley Wunderlich CEO Consulting
for Strategic Growth 1 Tel: 1-800-625-2236 Fax: 1-646-205-7771
Email: swunderlich@cfsg1.com
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