Shandong Hi-speed TEU was incorporated in April 2013 in Jinan City, Shandong, and is part of Shandong Hi-Speed Group Co. Group (http://www.sdhsg.com/en/), one of China's largest state-owned enterprises. The company's main business is focused on the creation and operation of inter-city and urban distribution platforms for transporting twenty foot equivalent units, or TEU, across China and globally.
Sino-Global and Shandong Hi-speed TEU intend to cooperate in creating a standardized network that will unite carriers of TEUs in China via sea and rail and coordinate with parties in North America and Australia. The companies will serve both upstream and downstream customers through the platform, establishing a door-to-door logistics and supply chain service.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated, "We intend to leverage our unique relationships in China to better form a true global logistics platform. The partnership with Shandong Hi-speed TEU will allow us to jointly build a platform that utilizes technology to assist customers through the entire shipping value chain. A customer on the platform in Shandong can carry a container via rail in China and ship it to North America, where it can be seamlessly sent to a vendor who delivers it to end customers. We believe that this is another step in our evolution to a global logistics provider."
About Sino-Global Shipping America, Ltd.
Founded in the United States in 2001, Sino-Global Shipping America, Ltd. is a company engaged in shipping, chartering, logistics and related services. Headquartered in New York, Sino-Global has offices in Los Angeles, Mainland China, Australia, Canada and Hong Kong. The Company's current service offerings consist of shipping agency services, shipping and chartering services, inland transportation management services and ship management services. Additional information about Sino-Global can be found on the Company's corporate website at www.sino-global.net. The Company routinely posts important information on its website.
Forward Looking Statements
No statement made in this press release should be interpreted as an offer to purchase any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Any statements contained in this release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties as identified in Sino-Global's filings with the Securities and Exchange Commission. Actual results, events or performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as the date hereof. Sino-Global undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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SOURCE Sino-Global Shipping America, Ltd.