Agreement signifies the Company's continued efforts towards
becoming a global logistics services provider.
ROSLYN, N.Y., April 27, 2017 /PRNewswire/ -- Sino-Global
Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global", the "Company"
or "we"), a non-asset based global shipping and freight logistic
integrated solution provider, today announced the signing of a
Strategic Cooperation Agreement (the "Agreement") with Ningbo
Xinyang Shipping Co., Ltd ("COSCO Xinyang"). The agreement
with COSCO Xinyang is a continuation of the Company's ongoing
partnership with China Ocean Shipping Company ("COSCO").
Pursuant to the Agreement with COSCO Xinyang, and similar to
that of the Company's previously announced inland transportation
agreements with COSCO, Sino-Global will receive a percentage of the
total amount of each transportation fee in exchange for the
arrangement of inland transportation services for COSCO Xinyang's
container shipments into US ports. The Company continues to work to
expand its business to provide logistics services to customers who
ship goods into the US.
COSCO Xinyang is a part of COSCO International Freight Co.,
Ltd., a subsidiary that operates under China Ocean Shipping (Group)
Company and China COSCO Holdings Company Limited and that
specializes in international freight forwarding, shipping agency
and full supply-chain services.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated,
"This agreement is a testament to the Company's ongoing efforts to
provide logistic services that best meet the needs of our
customers. We are pleased to working again with COSCO and
management will continue to seek similar and new partnerships that
will further strengthen our business and reinforce our long-term
strategic vision of becoming a global logistics services
provider."
About Sino-Global Shipping America, Ltd.
Founded in the United States in
2001, Sino-Global Shipping America, Ltd. is a company engaged in
shipping, chartering, logistics and related services. Headquartered
in New York, Sino-Global has
offices in Los Angeles, Mainland
China, Australia, Canada and Hong
Kong. The Company's current service offerings consist of
inland transportation management services and freight logistic
services. Additional information about Sino-Global can be found on
the Company's corporate website at www.sino-global.net. The Company
routinely posts important information on its
website.
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.
Contact Information
The Equity Group Inc.
Adam Prior
Senior Vice-President
(212)-836-9606 / aprior@equityny.com
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SOURCE Sino-Global Shipping America, Ltd.