Tri-Tech Holding Announces Pricing of Initial Public Offering on NASDAQ
10 September 2009 - 6:30AM
PR Newswire (US)
BEIJING, Sept. 9 /PRNewswire-Asia-FirstCall/ -- Tri-Tech Holding
Inc. (NASDAQ:TRIT), a premier Chinese company that engineers,
manages and monitors China's municipal sewer systems, natural
waterways and resources, announced today its initial public
offering (IPO) of 1,700,000 ordinary shares at $6.75 per share.
Shares will begin trading tomorrow under the ticker symbol "TRIT"
on the Nasdaq Capital Market. Tri-Tech Holding expects to receive
net proceeds of approximately $10.18 million from the IPO and
intends to use the net proceeds for working capital, product
R&D, application expansion and sales and marketing. All the
1,700,000 shares sold in the offering were sold by Tri-Tech
Holding. Anderson & Strudwick, Inc. acted as the lead placement
agent for the offering. A copy of the prospectus relating to the
offering may be obtained from: Mac Downs, Senior Vice President
Anderson & Strudwick, Inc. 707 East Main Street, 20th Floor
Richmond, VA 23219 Phone: 804-344-3809 E-mail: This news release
does not constitute an offer to sell or a solicitation of an offer
to buy the securities described herein, nor shall there be any sale
of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. 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. 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. Tri-tech owns seven software copyrights and
two technological patents and employs 108 people. Please visit
http://www.tri-tech.cn/ for more information. An online investor
kit including a company profile, press releases, current price
quotes, stock charts and other valuable information for investors
is available at http://www.hawkassociates.com/profile/trit.cfm . To
subscribe to future releases via e-mail alert, visit
http://www.hawkassociates.com/about/alert/ . Tri-Tech Holding Inc.
has based these 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. 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: Investors Contact: Susan Zhou Hawk Associates Tel:
+1-305-451-1888 Email: DATASOURCE: Tri-Tech Holding Inc. CONTACT:
Investors Contact: Susan Zhou, Hawk Associates, +1-305-451-1888,
Web site: http://www.tri-tech.cn/
http://www.hawkassociates.com/about/alert
Copyright