Sutor Technology Group Limited Launched Mobile Application for Its Fine Finished Steel Products

May 27, 2015, 08:00 ET from Sutor Steel Technology Co., Ltd.

CHANGSHU, China, May 27, 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 launched a mobile application for its fine finished steel products recently. This application enables users to order, track orders and delivery, and read the latest Company news and industry news, all online. This integrated online platform signals a new era of products development and innovation for Sutor.

Lifang Chen, Chairwoman and CEO of Sutor commented, "As a high-tech enterprise, Sutor continues to pursue the development of new industrial techniques and services. Following the trend of fast increasing use of internet applications, Sutor's IT team developed the mobile application in-house. Customers can track order status real time and at any place where wi-fi is available. Since the launch of this application nearly one week ago, the volume of online orders for our fine finished steel products reached 6,000 metric tons on one of the days in that period."

"The launching of fine finished steel mobile application is a breakthrough in our efforts to provide our customers with integrated service. With the goal of becoming the best fine finished steel supply chain service provider, we will offer all customers with more convenient, more efficient and more comprehensive services continuously. "Ms. Chen concluded.

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.

Forward-Looking Statements

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:

Investor Relations Sutor Technology Group Limited Tel: +86-512-5268-0988 Email: investor_relations@sutorcn.com

SOURCE Sutor Steel Technology Co., Ltd.



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http://www.sutorcn.com/en/index.php