Tri-Tech Holding Celebrates First Anniversary of Nasdaq IPO

BEIJING, Sept. 17 /PRNewswire-Asia-FirstCall/ -- Tri-Tech Holding Inc. (Nasdaq: TRIT), a leading total solutions provider to China's water resources, municipal wastewater and industrial pollution control markets, marked its first anniversary of its initial public offering on the NASDAQ Capital Market with a celebration in Beijing. Approximately 210 employees attended the event.

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Tri-Tech went public with an IPO last September, becoming the first Chinese company specializing in water resources, municipal wastewater and industrial pollution control to be listed on NASDAQ.

CEO, Mr. Warren Zhao, reviewed the events of the past year and told the employees, "We have had an exciting first year as a publicly-traded company filled with major events and accomplishments. But for us, this is only the beginning." He reviewed the company's major events in the past 12 months that included:

    -- Nasdaq IPO raise of $10 million in September 2009
    -- Follow-on public offering raise of $33 million in April 2010
    -- First six months 2010 revenue $12.3M, up 106%. Net income $2.2M, up 54%
    -- Awarded nine contracts in excess of $1 million each from the IPO date
       through August 2010
    -- Awarded first contract financed by an overseas investment bank valued
       at $6M
    -- Acquired Beijing Satellite Science & Technology Co. to enter industrial
       pollution control market
    -- Expanded municipal infrastructure operations in northwest, northeast
       and central China
    -- Established new R&D base in Tianjin Baodi Economic Development Area
    -- Opened offices in U.S. and India
    -- Engaged Bernstein & Pinchuk as auditors
    -- Hired Friedman LLP as internal control consultant
    -- Established internal control department
    -- Strengthened management team with addition of experienced senior-level
       executives
    -- Opened expanded new office headquarters in Beijing

President, Mr. Phil Fan, said, "Innovation is the only way for any corporation to survive and develop. We face increasing competition resulting from a lack of technical differentiation. Therefore we must continue to innovate through improved management and operational concepts, improved business models, the constant introduction of new technology and the application of value-added activities in developing sustainable growth strategies."

Mr. Gavin Cheng, Co-President of Tri-Tech, told the gathering, "With the trust bestowed on us by our investors, employees and partners, we seek to build management policies for the mutual benefit of management and our employees through better planning and systems and by providing competitive benefits, effective administration, quality assurance, information management, training, rewards and incentive systems."

CEO, Mr. Warren Zhao, emphasized, "This past year has been full of surprises, challenges and opportunities. In reviewing the accomplishments of the past year, we are committed to aligning our extensive resources with our investors and partners in creating a 'win-win' situation. As the first total solution provider for Chinese water resources, municipal wastewater and industrial pollution control listed on NASDAQ, I am proud of what we have accomplished so far, and I am confident of our future development. I will continue to work with our team on the most effective ways to maximize shareholder value."

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 (SCADA). 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. The company is also moving into the industrial pollution control market. Tri-Tech owns 15 software copyrights and two technological patents and employs over 200 people. Please visit http://www.Tri-Tech.cn for more information.

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This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include references to the successful completion of the project referenced herein and other 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.

    For more information, please contact:

    Investor Contact:
     Hawk Associates
     Frank Hawkins
     Phone: +1-305-451-1888
     Email: [email protected]

SOURCE Tri-Tech Holding Inc.