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Tri-Tech Holding Announces Pricing of Initial Public Offering on NASDAQ

2009-09-09 22:18 879

BEIJING, Sept. 10 /PRNewswire-Asia/ -- Tri-Tech Holding Inc. (Nasdaq: TRIT), a premier Chinese company that engineers, manages and monitors China's municipal sewer systems, natural waterways and resources, announced today its initial public offering (IPO) of 1,700,000 ordinary shares at $6.75 per share. Shares will begin trading tomorrow under the ticker symbol "TRIT" on the Nasdaq Capital Market. Tri-Tech Holding expects to receive net proceeds of approximately $10.18 million from the IPO and intends to use the net proceeds for working capital, product R&D, application expansion and sales and marketing.

All the 1,700,000 shares sold in the offering were sold by Tri-Tech Holding.

Anderson & Strudwick, Inc. acted as the lead placement agent for the offering.

A copy of the prospectus relating to the offering may be obtained from:

Mac Downs, Senior Vice President

Anderson & Strudwick, Inc.

707 East Main Street, 20th Floor

Richmond, VA 23219

Phone: 804-344-3809

E-mail: mdowns@andersonstrudwick.com

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.

About Tri-Tech Holding Inc.

Tri-Tech designs customized sewage treatment and odor control systems for China's municipalities and its larger cities. These systems combine software, information management systems, resource planning and local and distant networking hardware that includes sensors, control systems, programmable logic controllers, supervisory control and data acquisition systems. The company also designs systems that track natural waterway levels for drought control, monitor groundwater quality and assist the government in managing its water resources. Tri-tech owns seven software copyrights and two technological patents and employs 108 people. Please visit http://www.tri-tech.cn for more information.

An online investor kit including a company profile, press releases, current price quotes, stock charts and other valuable information for investors is available at http://www.hawkassociates.com/profile/trit.cfm . To subscribe to future releases via e-mail alert, visit http://www.hawkassociates.com/about/alert/ .

Tri-Tech Holding Inc. has based these forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

For more information, please contact:

Investors Contact:

Susan Zhou

Hawk Associates

Tel: +1-305-451-1888

Email: tritech@hawkassociates.com

Source: Tri-Tech Holding Inc.
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