SORL Auto Parts, Inc. Engages Maxim Group, LLC as its Investment Banker
February 07 2006 - 6:05PM
PR Newswire (US)
ZHEJIANG, China, Feb. 7 /Xinhua-PRNewswire/ -- SORL Auto Parts,
Inc. (OTC:SAUP) (BULLETIN BOARD: SAUP) , a manufacturer and
distributor of automotive air brake valves and hydraulic brake
valves primarily for the commercial vehicle market, announced today
that it has engaged Maxim Group LLC as its investment banker. Under
the terms of the relationship, Maxim will assist SORL with all
financial advisory services, including capital raises and mergers
and acquisitions. Maxim Group is a leading investment banking,
securities and investment management firm. Maxim Group provides an
array of financial services including: investment banking, equity
research, private wealth management, structured products, and
global institutional equity, fixed-income and derivative sales
& trading. Maxim Group currently employs over 400 financial
professionals in four locations: New York City, Chicago, Red Bank -
New Jersey and Woodbury - Long Island. About SORL Auto Parts, Inc.
As China's leading manufacturer and distributor of automotive air
brake valves and hydraulic brake valves, SORL Auto Parts ranks
first in market share in the market for commercial vehicles
weighing more than three tons, such as trucks, vans and buses. The
Company distributes products both in China and internationally
under SORL trademarks. SORL is rated as one of the top 100 auto
component suppliers in China, with a product range that includes 36
types of brake valves with over 800 different specifications. The
Company has three international sales centers in Australia, UAE,
and the United States, with additional offices slated for opening
in other locations in the near future. FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking
statements. These statements relate to future events or to our
future financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance, or achievements to be materially
different from any future results, levels of activity, performance
or achievements expressed or implied by these forward- looking
statements. You should not place undue reliance on forward-looking
statements since they involve known and unknown risks,
uncertainties and other factors which are, in some cases, beyond
our control and which could, and likely will, materially affect
actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects our current views with
respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to our operations, results
of operations, growth strategy and liquidity. We assume no
obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these
forward-looking statements, even if new information becomes
available in the future. The safe harbor for forward-looking
statements contained in the Securities Litigation Reform Act of
1995 protects companies from liability for their forward-looking
statements if they comply with the requirements of the Act.
http://www.sorl-autoparts.com/ DATASOURCE: SORL Auto Parts, Inc.
CONTACT: David He of SORL Auto Parts, Inc., +86-577-6581-7720, ; or
Pamela A. Solly of Keating After Market Support, LLC for SORL Auto
Parts, Inc., 1-800-959-SORL, Web site:
http://www.sorl-autoparts.com/
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