omniture

SinoHub Inc. Reschedules First Quarter 2011 Earnings Release & Conference Call to Monday, May 16, 2011

2011-05-13 19:58 869

Earnings Conference Call to be held on Monday, May 16, 2011 at 10:00 am (US Eastern Time) / 7:00 am (US Pacific Time) / 10:00 pm (Beijing / Hong Kong Time)


SHENZHEN, China, May 13, 2011 /PRNewswire-Asia/ -- SinoHub Inc. ("SinoHub" or the "Company") (NYSE Amex: SIHI), an electronics company whose main growth driver is manufacturing and distributing custom, private-label mobile phones, announced today that it will now release unaudited financial results for the first quarter ended March 31, 2011 on Monday, May 16, 2011, before the US market opens.  The previously scheduled conference call for 10:00 AM EDT today has been rescheduled to Monday, May 16 at 10:00 AM EDT.  

SinoHub has postponed the date of its earnings release and conference call in order to allow the Company sufficient time to complete and file its quarterly report on form 10-Q as a result of a reclassification of warrants.  This reclassification is a non-cash item and does not impact the Company's operations in any way.  

The earnings release will be available on the investor relations page of the Company's website at www.sinohub.com.  

Following the release of the earnings announcement, SinoHub senior management will host a conference call at 10:00 am (US Eastern) / 7:00 am (US Pacific) / 10:00 pm (Beijing / Hong Kong time) on Monday, May 16, 2011 to discuss the Company's first quarter 2011 financial results and recent business activities.

To access the live teleconference, please dial +1-888-846-5003 (US) or +1-480-629-9856 (International), and reference the passcode 4439798. Please dial in approximately 10 minutes before the scheduled time of the call.

A replay of the conference call will be available shortly after the call until Friday, May 23, 2011, by dialing +1-877-870-5176 (US) or +1-858-384-5517 (International) and entering the passcode 4439798.

A listen-only webcast of the conference call will also be available on the investor relations page of SinoHub's website at: http://www.sinohub.com.

About SinoHub Inc.

SinoHub, Inc. (NYSE Amex: SIHI) is a leading electronics company based in Shenzhen, PR China which services clients worldwide. The Company's integrated contract manufacturing (ICM) business unit is currently focused on providing custom, private label mobile phones to customers in developing countries. This fast growing ICM segment is capitalizing on a trend by carriers and distributors to offer their own brands with features and functionality targeted at their local markets, including 3G smart phones, at competitive price points. The Company's electronic component sales and services (ECSS) business unit provides procurement-fulfillment, spot component sales and supply chain management (SCM) services to manufacturers and design houses. The company's SCM services include warehousing, delivery, import/export, and give its customers total transparency into their supply chains by delivering SinoHub SCM, a proprietary, Web-based software platform the company has been using for almost ten years. For more information, visit the Company's Web site at www.sinohub.com and the B2B Chips Web site at www.b2bchips.com .

Cautionary Statement Regarding Forward-looking Information

Some of the statements contained in this press release that are not historical facts constitute forward-looking statements under the federal securities laws. Forward-looking statements can be identified by the use of the words "may," "will," "should," "could," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "intends," "potential," "proposed," or "continue" or the negative of those terms. These statements involve risks known to the Company, significant uncertainties, and other factors, many of which cannot be predicted with accuracy and some of which may not even be anticipated, which may cause 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 those forward-looking statements. Such risks, uncertainties and factors include, but are not limited to, the Company's ability to expand its customer base, the ability to access capital for such expansion, assumptions concerning future economic and competitive conditions and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

Except as required by law, the company assumes no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. For further information on factors which could impact SinoHub and the statements contained herein, see the "Risk Factors" included in Item 1A of the Company's Annual Report on Form 10-K filed with the Securities Exchange Commission on March 14, 2011. The company assumes no obligation to update and supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.

Contacts:


 

 

SinoHub Inc.

Grace Wang

Tel: + 86-755-2661-1080

Email: grace.wang@sinohub.com


 

Investor Relations (Hong Kong)

Mahmoud Siddig

Taylor Rafferty

Tel: +852-3196-3712

Email: sinohub@taylor-rafferty.com


 

 


 

Investor Relations (US)

Bryan Degnan

Taylor Rafferty

Tel: +1-212-889-4350

Email: sinohub@taylor-rafferty.com

 

 

 

 

 

 

Source: SinoHub, Inc.
Related Stocks:
AMEX:SIHI
collection