NEW YORK and CHANGSHA, China, Sept. 3 /Xinhua-PRNewswire-FirstCall/ --
Tongxin International Ltd. (Nasdaq: TXIC), a China-based manufacturer of engineered vehicle body structures (EVBS) for China’s domestic and export commercial truck and SUV industry, today announced that the Company will participate in Susquehanna Financial Group’s (SFG) Second Annual Beijing Management Summit on Wednesday, September 10th and 11th, 2008. The Conference will be held on September 10-12, 2008 at the Grand Hyatt Hotel in Beijing.
The management will participate in meetings with analysts and investors throughout the three-day event. The interim CFO, Mr. William Zielke, and the VP of Planning, Chun Hao, will attend the Summit. The management will discuss the Company’s performance to date, the current product line, its customer base, sales channel segments in the PRC, and also detail its growth and acquisition plans for the balance of the year.
Participation in the Summit is by invitation only. For more information on the conference, please contact your SFG representative or visit http://www.sig.com .
About Susquehanna Financial Group, LLLP.
Susquehanna International Group, LLP (SIG) is comprised of affiliated entities, including SFG. SFG operates as an institutional sale, research, and market making firm. SFG is a member of FINRA. The company offers solutions in listed, NASDAQ, exchange traded funds, options, program trading, and American depositary receipts. It is an institutional brokerage affiliate of SIG, and publishes and distributes SIG’s research. The company is based in Bala Cynwyd, Pennsylvania.
About Tongxin International Ltd.
Tongxin International Ltd., is the largest independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments, in addition to designing, fabricating and testing dies used in the manufacturing process. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders.
Forward-looking Statements
Statements contained in this press release, which are not historical fact, including the anticipated date of listing of the Class A Common Stock on the NASDAQ Global Market, constitute "Forward-Looking Statements." Actual results may differ materially due to numerous important factors that are described in Tongxin International’s most recent report to the SEC on Form 6-K, which may be revised or supplemented in subsequent reports to the SEC. Such factors include, among others, the cost and timing of implementing restructuring actions, the Company’s ability to generate cost savings or manufacturing efficiencies to offset or exceed contractually or competitively required price reductions or price reductions to obtain new business, conditions in the automotive industry, and certain global and regional economic conditions. Tongxin International does not intend or assume any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
For more information, please contact:
Investor Relations Contact: John Mattio
SVP, HC International, Inc.
Tel: +1-914-669-5340
Email: john.mattio@hcinternational.net
