ROSLYN, N.Y., Jan. 21, 2020 /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 Joint Venture Agreement (the "Agreement") with Mr. Shanming Liang ("Mr. Liang").
Mr. Liang.is an expert importer of agriculture products for the customers located in Southern China, and Sino-Global expects to work with Mr. Liang to resume the project of "Bulk Cargo Containerized" since the China and US trade deal was finally signed January 15, 2020. Pursuance to the Agreement, a new joint venture company is registered and will take full responsibility for purchasing agriculture products in North America. Sino-Global will provide the whole supply chain logistic services for products of Soybean, Corn, Alfalfa etc. that ship from North America to China.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated, "During the passing year, the international trade and trade-related shipment has decreased a lot due to the trade war between China and the US. In such an environment, Sino-Global's business was inevitably affected. As the trade deal "Phase One" was duly signed by both governments last Wednesday, the trade between China and the US will be heating up soon. We believe that with the resuming of our containerized project, we can bring continuous and stable revenue to the company in the coming future."
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 shipping agency services, shipping and chartering services, inland transportation management services and ship management 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.
Sino-Global Shipping America, Ltd
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