CHANGSHU, China, Sept. 29, 2014 /PRNewswire-FirstCall/ --
Sutor Technology Group Limited (the "Company" or "Sutor") (Nasdaq:
SUTR), a leading Chinese non-state-owned manufacturers and service
providers for fine finished steel products used by a variety of
downstream applications, today announced it has filed with the
United States Securities and Exchange Commission, Form 12b-25
Notification of Late Filing for its Annual Report on Form 10-K for
the year ended June 30, 2014. The
Form 12b-25 will allow the Company an additional 15 calendar days
to file the Form 10-K which is due on October 13, 2014.
The reason for the delay is to allow the Company additional time
to gather information required for an accurate and full completion
of the Annual Report on Form 10-K. The filing delay is not the
result of the need to restate any prior period financial results.
The Company expects to file within the additional time allowed by
the Form 12b-25. Upon filing on or before October 13, 2014, the Company's Annual Report on
Form 10-K will be deemed to be timely filed.
Information regarding the Company's fiscal year end conference
call date and time will be provided in a forthcoming news
release.
About Sutor Technology Group Limited
Sutor (Nasdaq: SUTR) is a leading China-based manufacturers and service
providers for fine finished steel products 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. These products are used for household appliances, solar
waters heaters, automobiles, IT, construction, etc. Currently Sutor
has three operating subsidiaries located in two provinces with 12
major production lines capable of processing approximately 2
million metric tons of steel products annually. 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. Such statements include, among others, those related to
delayed filings and the Company's ability to file the Annual Report
on Form 10-K on or before October 13,
2014, as well as all assumptions, expectations, predictions,
intentions or beliefs about future events. There can be no
assurance as to when or if the Company's Annual Report on Form 10-K
for the year ended June 30, 2014 will
be filed with the SEC nor when the Company will issue a press
release. The Company's actual results of operations for the fiscal
year and fourth fiscal quarter ended June
30, 2014 could differ materially from its previously
announced estimates due to completion of the Company's financial
close procedures, final adjustments and other developments that may
arise before such financial results are finalized. 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, 2013, and other risks mentioned in our
other reports filed with the Securities Exchange Commission, or
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 Technology Group Limited