BEIJING, July 23, 2020 /PRNewswire/ -- ReTo Eco-Solutions,
Inc. (the "Company," "we" or "ReTo") (NASDAQ: RETO), a one-stop,
total technology solutions provider for the healthy improvement of
ecological environments, today announced it secured a contract from
the Jiangsu Xinyi Port Terminal valued at RMB 5 million, of which RMB 3 million has been received.
The Jiangsu Xinyi Port Terminal is a major hub for commerce in
China and internationally. The
Jiangsu Xinyi Port currently allows 2,000-ton ships to reach Xinyi
directly from the Beijing-Hangzhou Canal, with an annual handling
capacity of 4.5 million tons. A nearly complete expansion project
is adding an additional 800 acres with 19 2,000-ton berths. The
Jiangsu Xinyi Port is also transforming the combined road, rail and
water transportation system to better optimize logistics and reduce
costs, in order to build development and economic advantages.
In order to complete the contract effectively and efficiently,
ReTo will use its proprietary equipment, technologies and processes
to convert solid waste into high-quality ground paving material.
ReTo has begun installation of its proprietary equipment at the
terminal. Upon quality control testing, ReTo will perform ongoing
operating and management services.
Mr. Li Hengfang, ReTo's Chairman and Chief Executive Officer,
commented, "This is another major win for ReTo, a further
validation of our total solutions business and evidence of the
overall market growth we are seeing. We continue to benefit from
the forward-thinking vision of Government officials and business
leaders across China. They are
prioritizing sustainable infrastructure projects as a way to
promote a healthier environment and to build competitive
enhancements for years to come. Our strategy of Technology Improves
Ecology and our unique ability to provide a 'one-stop' solution for
the entire process of solid waste reduction, recycling, and
mitigation in the field of ecological and environmental protection
in China, gives us a powerful
competitive advantage as we pursue an increasing number of
opportunities to drive our growth."
About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)
Founded in 1999, ReTo (NASDAQ: RETO) is a leader in ecological
innovation, with sustainable environmental priorities and seeks to
empower communities through its proprietary technologies, systems
and solutions, which have been used to bring clean water and
fertile soil to villages and cities worldwide. The Company is
founded on its strategy of Technology Improves Ecology and is
a full spectrum provider of products and services, ranging
from the production of environmentally-friendly construction
materials, environmental protection equipment and manufacturing
equipment used to produce environmentally-friendly construction
materials, to project consulting, design and installation for the
health and improvement of ecological environments, such as
ecological soil restoration, through solid waste treatment. For
more information, please visit: http://en.retoeco.com
Forward-Looking Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Specifically, the Company's statements
regarding: 1) its ability to complete the Jiangsu Xinyi Port
Terminal project and receive the expected consideration; 2) the
ability of its 'one-stop' solution to provide it with a competitive
advantage; and 3) the ability of its products and services to
assist in the environmental protection in China are forward-looking statements.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause the actual
results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of construction and ecological solutions in China and internationally; reputation and
brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions in China and
internationally and assumptions underlying or related to any of the
foregoing and other risks contained in reports filed by the Company
with the Securities and Exchange Commission. For these reasons,
among others, investors are cautioned not to place undue reliance
upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
U.S. Securities and Exchange Commission, which are available for
review at www.sec.gov. The Company undertakes no obligation to
publicly revise these forward-looking statements to reflect events
or circumstances that arise after the date hereof.
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SOURCE ReTo Eco-Solutions, Inc.