ROSLYN, N.Y., June 21, 2016 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global", the "Company" or "us"), a company engaged in shipping, chartering, logistics and related services, today announced that its Board of Directors approved the Company's exploration of developing and utilizing a mobile logistics strategy. The Company's Board has since launched an investigation on the logistic mobile application market and is currently conducting a feasibility study, of which the Company expects to report the findings in the coming months.
Currently, Smartphones lead mobile technology usage in supply chain and logistics operations (according to an ARC Advisory Group survey) and the Company believes that with the increased integration of technology into its business model as well as by leveraging its existing global shipping and logistics relationships, it can fully expand into this market which will help to further build out Sino-Global's logistic network platform.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated, "Proprietary logistics management applications are quickly becoming the wave of the future and we intend to leverage our unique relationships in China, especially with COSCO, to take full advantage of the growing mobility trends within the industry. We envision that the execution of this strategy will ultimately lead to Sino-Global being able to seamlessly connect its shipping customers in China with short to long haul trucking transportation services throughout the United States. The Company's platform as a global logistic provider, is spreading throughout the globe and we believe that the development and utilization of a mobile logistic strategy will allow us to capitalize on this opportunity to better serve our customers throughout the entire logistics supply chain."
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.
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.
