ROSLYN, N.Y., May 26, 2017 /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 announces the signing of two Project Agreements with Sinotrans Guangxi Co. ("Sinotrans
Guangxi"), a subsidiary of Sinotrans Limited, which is a leading global integrated logistics service provider and COSCO Beijing
International Freight Co., Ltd. ("COSFRE Beijing"), a subsidiary of China COSCO Holdings Company Limited (collectively referred
to as "Project Agreements"). The Project Agreements are extensions of an initial Strategic Cooperation Framework Agreement and
Inland Transportation Agreement that the Company entered into with Sinotrans Guangxi and COSFRE Beijing, respectively, in
December 2016.
Pursuant to the Project Agreements, Sino-Global will continue its efforts with Sinotrans Guangxi and COSFRE Beijing to convert
commodity in-bulk shipments to containerization of the commodities shipped between China and
the United States. Containerization offers several benefits over bulk shipments which include
increased speed and flexibility in the commodities transported as well as the ongoing rise in commodity prices and demand have
resulted in the switch to containerization by producers seeking additional value over commodity in-bulk shipments.
Also, pursuant to the Project Agreements, Sino-Global will manage all ground logistics and custom declaration services in the
U.S. for Sinotrans Guangxi and COSFRE Beijing. Currently, the commodities listed in the Project Agreements primarily include
sulfur, soybean and petroleum jelly. As of the date of this release, COSFRE Beijing in partnership with Sino-Global, is now
loading in total approximately 300 metric tons of sulfur in twenty-foot containers in Long Beach,
California.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated, "We are very excited to extend our Project Agreements with
Sinotrans Guangxi and COSFRE Beijing. Containerization has key advantages over bulk shipments, which include containers being
easily moved from one mode of transportation to another. We believe there is an opportunity that has been created by an imbalance
in trans-pacific trade from China that has yet to be captured by the North American sector,
particularly given the ongoing increase in Chinese demand. These Project Agreements allow the Company to capitalize on that
opportunity and officially mark the continuance of its strategic partnerships with two leading China state-owned logistics and transportation companies, making Sino-Global a crucial partner in their
U.S.-related business while further establishing our foothold in the U.S. logistics market, as a global logistics services
provider."
Sinotrans Limited was incorporated in November 2002 and listed on the Hong Kong Stock Exchange
the following year. Sinotrans Limited is and the company's main business is focused on integrating ocean freight, air freight,
road and rail transport, international express, shipping agency, warehousing and distribution, terminal services and others to
provide end-to-end supply chain solutions and one-stop services for its customers.
COSFRE Beijing, a subsidiary of China COSCO Holdings Company Limited, specializes in international freight forwarding,
shipping agency and full supply-chain services.
About Sino-Global Shipping America, Ltd.
Sino-Global Shipping America, Ltd., a Virginia corporation, is a non-asset based global
shipping and freight logistic integrated solution provider. Sino-Global provides tailored solutions and value added services to
its shipping and freight customers to drive effectiveness and control in related links throughout entire logistic chain.
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.