BEIJING and FLUSHING, N.Y., May 21 /Xinhua-PRNewswire/ -- Sino-Global Shipping America, Ltd. (Nasdaq: SINO) ("Sino-Global"), a leading,
non-state-owned provider of shipping agency services in China, today announced its initial public offering of 1,229,032 shares of common stock at a price of $7.75 per share. The common stock will begin trading on the NASDAQ Capital Market on May 21, 2008 under the ticker symbol "SINO."
Of the 1,229,032 shares sold in the offering, all of the shares were sold by Sino-Global.
Anderson & Strudwick, Inc. acted as the lead placement agent for the offering.
Sino-Global's registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Anderson & Strudwick, Inc. by email at mdowns@andersonstrudwick.com.
About Sino-Global Shipping America, Ltd.
Registered in the United States in 2001 and operating in Mainland China, Sino-Global is a leading, non-state-owned provider of high-quality shipping services. With local branches in five of China's 76 ports and contractual arrangements in all those where it does not have branch offices, Sino-Global is able to offer efficient, high-quality services to shipping companies entering Chinese ports.
Sino-Global provides comprehensive yet customized shipping services to ship owners, operators and charters including intelligence, planning,
real-time analysis and on-the-ground implementation and logistics support. Sino-Global has achieved both ISO9000 and UKAS certifications.
For investor and media inquiries, please contact:
In the United States:
Mr. Richard Nowak
Vice President of Investment, Sino-Global Shipping America, Ltd.
Tel: +1-585-427-0995
Fax: +1-585-424-6548
Toll-Free: +1-800-420-9899
Email: ir@sino-global.net
Mrs. Wendy Zhong-Hall
Investor Relations Manager, Sino-Global Shipping America, Ltd.
Tel: +1-585-427-7110
Fax: +1-585-424-6548
Toll-Free: +1-800-420-9899
Email: ir@sino-global.net
