CHANGSHU, China, March 31, 2015 /PRNewswire/ -- Sutor Technology Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR), one of the leading China-based manufacturers and service providers for fine finished steel products used by a variety of downstream applications, announced that it held a Fine Finished Steel O2O Seminar at Crowne Plaza Shanghai Fudan on March 28, 2015. Aiming to make itself one of the best fine finished steel supply chain service providers, Sutor created a unique fine finished steel O2O (online-to-offline) marketing model in the ongoing transformation of its business model. The seminar attracted lots of strategic partners, including Samsung, Thyssenkrupp, and many important customers from China and abroad. Sutor's independent directors, Mr. Guoyou Shao and Mr. Lin Yang, also attended the seminar.
During the seminar, Sutor presented its value-added products of pre-painted hot dipped galvanized steel and JCOE steel pipes, and introduced its newly developed O2O marketing model. The O2O marketing model for fine finished steel is a multi-channel combination of placing orders, making payments, warehousing, logistics and financing. The launching of this model marks another step forward in Sutor's business transformation and upgrading. We will continue to seek and create more win-win collaboration models to benefit our customers, suppliers, and all stakeholders.
About Sutor Technology Group Ltd
Sutor is one of the leading China-based manufacturers and service providers for high-end fine finished steel products and welded steel pipes used by a variety of downstream applications. The Company utilizes a variety of in-house developed processes and technologies to convert steel manufactured by third parties into fine finished steel products, including hot-dip galvanized steel, pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe products. The Company also provide fee-based steel processing services to customers, including industrial peers. To learn more about the Company, please visit http://www.sutorcn.com/en/index.php.
This press release includes certain statements that are not descriptions of historical facts, but are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, those concerning our expected financial performance, liquidity and strategic and operational plans, our future operating results, our expectations regarding the market for our products, our expectations regarding the steel market, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause our actual results to differ materially from those anticipated, expressed or implied in the forward-looking statements. These risks and uncertainties include, but not limited to, the factors mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended June 30, 2014, and other risks mentioned in our other reports filed with the Securities Exchange Commission ("SEC"). Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.
For more information, please contact:
Sutor Technology Group Limited
Email: [email protected]
SOURCE Sutor Steel Technology Co., Ltd.