Sino-Global Signs Three-Year Strategic Partnership Agreement with China United Tally (Dalian) to Jointly Develop Third-party Verification Services at Key Ports Across China
NEW YORK, Jan. 6, 2014 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NasdaqCM: SINO) ("Sino-Global" or the "Company"), an international shipping agency and logistic services provider, today announced that it has signed a three-year strategic partnership agreement (the "Agreement") with the Dalian subsidiary of a Chinese state-owned enterprise, China United Tally Co., Ltd. ("China Tally Dalian") to jointly develop third-party verification services at key ports across China. Under the terms of the Agreement, China Tally Dalian will be Sino-Global's exclusive partner in the development and deployment of third-party verification services for the Company's customers at key ports across China.
Mr. Lei Cao, Chairman and Chief Executive Officer of Sino-Global commented, "As we continue to leverage our core shipping agency business and explore new business opportunities along the entire logistics value chain, we are pleased to partner with China Tally Dalian to develop and deploy third-party verification services at key ports across China. Coupled with our recent engagement with Lianyunguang Port Logistics Holding Co., Ltd., this strategic partnership with China Tally Dalian will further expand the scope of our logistics service business."
About China United Tally Co., Ltd.
Established in 2003 by three of the largest shipping agencies in China (China Ocean Shipping (Group) Company ("COSCO"), Sinotrans Limited, and China Shipping (Group) Company), China United Tally Co., Ltd. is a leading tally services provider with subsidiaries across major ports in China, including Dalian, Yingkou, Tianjin, Yantai, Lianyungang, Taizhou, Zhenjiang, Zhangjiagang, Changshu, Taicang, Shantou, Guangzhou, Fuzhou, Tangshan, Jinzhou, Qingdao, Nanjing, Jiangyin, Shanghai, Ningbo, Quanzhou, Xiamen, Shenzhen, Zhangzhou, Dongguan, Jinjiang, Weihai, Longkou, and Ma'anshan. For more information, please visit: www.chinatally.com.cn.
About Sino-Global Shipping America, Ltd.
Sino-Global provides ship owners, operators and charters with comprehensive yet customized shipping agency and logistic services including intelligence, planning, real-time analysis and on-the-ground implementation and logistics support. Founded in the United States in 2001, Sino-Global is a Virginia corporation with its primary U.S. operations in New York. Sino-Global has achieved both ISO9001 and UKAS certifications. For more Information, please visit: www.sino-global.com.
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.
For more information, please contact:
In the U.S.:
Mr. Anthony S. Chan, CPA
Acting CFO & EVP
Mr. Zhikang (Michael) Huang
Chief Operating Officer
SOURCE Sino-Global Shipping America, Ltd.