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SinoHub Inc. Receives "2009-2010 Guangdong Trusted Enterprise Award"

2011-06-16 13:29 695

SHENZHEN, China, June 16, 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 has received the "2009-2010 Guangdong Trusted Enterprise Award" (the "Award") issued by the Guangdong Enterprise Union and Guangdong Entrepreneur Association. The Award is granted in accordance with guidelines established by the Ministry of Commerce, P.R.C, the National Development and Reform Commission and 13 other Chinese governmental departments. Enterprises qualify for the Award by exceeding criteria regarding taxation, protection of customer rights, credibility, adherence to contracts, operational strength, employment, manufacturing quality and social responsibility. The Award indicates that SinoHub has performed well in the above mentioned areas for two consecutive years, namely 2009 and 2010. For more information about the Award, please go to http://www.c-gec.com/chengxin/default.asp.


Commenting on the announcement, SinoHub's CEO, Harry Cochran said, "We are delighted to receive the Guangdong Trusted Enterprise Award recognizing SinoHub's commitment to its customers, employees and transparency in all aspects of our business. We are proud that throughout our eleven year history we have lived up to our reputation as a company our customers can trust."

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 amended Annual Report on Form 10-K/A filed with the Securities Exchange Commission on May 24, 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.
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