ROSLYN, N.Y., Nov. 29, 2017 /PRNewswire/ -- Sino-Global
Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global", the "Company" or "we"), a non-asset based global shipping and freight
logistics integrated solution provider, today announces the signing of a Strategic Collaboration Agreement with Sichuan Metals
and Minerals IMP. & EXP. CORP. ("SCMMC"), a subsidiary of Sichuan Foreign Trade Group Co Ltd., a leading state-owned
importer/exporter in the Sichuan province in China.
Pursuant to the Strategic Collaboration Agreement, Sino-Global will serve as the exclusive purchasing agent and logistics
service provider of sulfur products in the United States for SCMMC. The collaboration is in
alignment with the Company's ongoing effort towards the containerization of imported commodities, shipped from the United States to China. This agreement will also mark the
beginning of SCMMC's switch to containerization from the traditional bulk shipment of its products by exclusively using
Sino-Global's innovative and cost-effective door to door container solution for the transport of its sulfur products. SCMMC has
begun placing orders with Sino-Global for the purchase of approximately 2,400 metric ton or 120 containers of sulfur. Sino-Global
expects to generate approximately $360,000 of revenue from these initial orders, with the Company
expecting additional sales contracts to be finalized in the coming months.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated, "We are excited to enter into this agreement with SCMMC. With
this agreement, we are able to leverage our long-term relationship with China COSCO, China's
largest integrated shipping company, to secure these containers at a discounted price while offering SCMMC a cost-effective
solution for the materials they traditionally ship via break bulk. We are confident that containerization offers key advantages
over bulk shipments, and given the ongoing increase in Chinese demand we intend to capitalize on the opportunity that
containerization provides. By partnering with one of the leading state-owned import companies in China, we increase the Company's exposure as global logistics service provider which we believe will lead to
additional contracts and increase sales over the long term. We intend to continue to seek additional customers and strategic
partnerships that will further supplement our end to end global logistics services in the future and drive value for our
shareholders."
About Sichuan Metals and Minerals IMP. & EXP. CORP.
SCMMC is a subsidiary company of Sichuan Foreign Trade Group Co Ltd, China's largest in size
enterprise with SCMMC being one of the top ten exporters in Sichuan province. Established in
1980, SCMMC became the first professional foreign trade company to pass the ISO9002, an industry standard created by the
International Organization for Standardization and a model for quality assurance in production, installation and servicing. The
company produces a variety of non-ferrous metal, ferrous metal, ferroalloy, nonmetal minerals, and chemically treated raw
material. The company also manufactures machine tooling and accessories, measurements and cutting tools, construction
hardware, sanitary hardware, furniture hardware, kitchen hardware as well as an array of educational instrument products.
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 business 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 inland transportation management, freight logistics and container
trucking services. Additional information about Sino-Global can be found on the Company's corporate website at www.sino-global.com. 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 except as required by applicable securities regulations or rules.
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.