omniture

SORL Auto Parts Upgrade to NASDAQ Global Market

SORL Auto Parts, Inc.
2006-11-21 15:23 1764


ZHEJIANG, China, Nov. 21 /Xinhua-PRNewswire/ -- SORL Auto Parts, Inc.

(Nasdaq: SORL), a leading manufacturer and distributor of commercial vehicle

air brake valves as well as other auto parts in China, today announced that

the NASDAQ Stock Market has approved the transfer of the Company’s Common

Stock listing from the NASDAQ Capital Market to the NASDAQ Global Market.

The Company’s common stock will commence trading on the NASDAQ Global Market

at market open on November 21, 2006. The Company’s trading symbol, "SORL"

will not be affected by the transfer to the Global Market.

SORL Auto Parts’ Chairman and CEO, Mr. Xiaoping Zhang, stated, "Our

improved NASDAQ listing is in line with our objectives to continue to improve

our fiscal performance while increasing our visibility as an industry leader

in China. This significant upgrade in our listing, in light of having only

been a NASDAQ-listed company since April of this year, is an accomplishment

of which we are very proud."

About SORL Auto Parts, Inc.

As China’s leading manufacturer and distributor of automotive air brake

valves, SORL Auto Parts, Inc. ranks first in market share in the segment for

commercial vehicles weighing more than three tons, such as trucks and buses.

The Company distributes products both within China and internationally under

the SORL trademark. SORL ranks among the top 100 auto component suppliers in

China, with a product range that includes 40 types of air brake valves and

over 800 different specifications. The Company has three authorized

international sales centers in Australia, United Arab Emirates, and the

United States, with additional offices slated to open in other locations in

the near future. For more information, please visit http://www.sorl.cn .

Safe Harbor Statement

Statements made in this press release that are not historical fact

are "forward-looking statements," which are based on current expectations

that include a number of risks and uncertainties. Additional factors that

could potentially affect the Company’s financial results may be found on the

Company’s filings with the Securities and Exchange Commission (

http://www.sec.gov ).

Source: SORL Auto Parts, Inc.
Keywords: Auto
collection