GREAT NECK, N.Y., Jan. 5, 2022 /PRNewswire/ -- Sino-Global Shipping
America, Ltd. (NASDAQ: SINO) the "Company") today announced it is
changing its name to Singularity Future Technology Ltd. to reflect
its new focus and mandate. The Company's shares are expected to
begin trading on NASDAQ under the new ticker symbol "SGLY"
beginning January 7, 2022.
The Company began an ambitious strategic business shift in 2021,
as it leveraged its core expertise in logistics and shipping to
accelerate its diversification and growth in cryptocurrency and
other new markets. The formal name change recognizes the Company's
significant progress and represents the latest step in aligning the
Company's business to its growth efforts in cryptocurrency and
other new markets.
Chief Executive Officer, Mr. Yang "Leo" Jie, commented, "The
formal name change to Singularity Future Technology better embodies
the Company's direction and mandate. We made major progress in
2021, including executive leadership changes, new strategic
partnerships, and investments designed to establish our technology
leadership. Both our Board of Directors and management team wanted
to make the formal name change to better reflect our
business, as we remain focused on accelerating growth in
cryptocurrency and other new markets. This is a very exciting time
for us in the Company's evolution, and we thank our shareholders
for their continued support as we work to create value."
About Singularity Future Technology Ltd.(NASDAQ:
SGLY)
Founded in the United States in
2001, Sino-Global Shipping America, Ltd. has been diversifying into
the cryptocurrency market, while continuing to support and grow its
shipping, chartering, logistics and related services business.
Headquartered in New York, The
Company has offices in Mainland China and United States. Additional information about
the Company can be found on the Company's corporate website at
www.sino-global.net.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include SGLY's
estimated and future results of operations, business strategies,
competitive position, industry environment and potential growth
opportunities. In addition, there is uncertainty about the spread
of the COVID-19 virus and the impact it will have on SGLY's
operations, the demand for SGLY's products and services, global
supply chains and economic activity in general. Moreover, the value
of cryptocurrencies may fluctuate significantly over time, and the
success of the JV and its products are not assured. These
forward-looking statements reflect the current analysis of existing
information and are subject to various risks and uncertainties. As
a result, caution must be exercised in relying on forward-looking
statements. Due to known and unknown risks, our actual results may
differ materially from our expectations or projections. All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
Additional information concerning these and other factors that
may impact our expectations and projections will be found in our
periodic filings with the SEC, including our Annual Report on Form
10-K for the fiscal year ended June 30,
2021. SGLY's SEC filings are available publicly on the SEC's
website at www.sec.gov. SGLY disclaims any obligation to update the
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Sino-Global Shipping America, Ltd.