BEIJING, May 5 /PRNewswire-Asia/ -- Tri-Tech Holding Inc. (Nasdaq: TRIT) ("Tri-Tech" or the "Company"), a leading solutions provider to China's water resources, municipal wastewater and industrial pollution control markets, announced today that the underwriters of its public offering of common stock have exercised their over-allotment option, which will result in the issuance of an additional 224,083 common shares. The option was granted in connection with the public offering of 2,142,750 common shares at a public offering price of $14.00 per share, which closed on April 20, 2010. Tri-Tech expects to use the net proceeds of the offering for working capital, acquisitions, as well as new product development and sales and marketing.
Newbridge Securities Corporation and Brean Murray, Carret & Co. acted as co-lead and joint book-running managers of the offering.
Copies of the final prospectus relating to the offering may be obtained from the offices of Newbridge Securities Corporation, Attention: Douglas Aguililla, 1451 W Cypress Creek Rd. Ste. 204, Ft. Lauderdale, FL 33309, by telephone at (954) 334-3450, or via email at daguililla@newbridgesecurities.com, or from Brean Murray, Carret & Co., LLC, Attention: Minnie Huang, 570 Lexington Avenue, New York, NY 10022, by telephone at (212) 702-6667, or via email at minnie.huang@bmur.com.
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 140 people. Please visit http://www.tri-tech.cn for more information.
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This press release contains certain 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.
