Published: September 15, 2009
Tongxin International, Ltd. to Ring Nasdaq Opening Bell on September 18, 2009
CHANGSHA, China , Sept. 15 /PRNewswire-Asia-FirstCall/ -- Tongxin
International Ltd. (Nasdaq: TXIC), a China -based manufacturer of engineered
vehicle body structures ("EVBS" or "truck cabs") and stamped parts for the
commercial automotive industry, announced today that CEO of Hunan Tongxin,
Duanxiang Zhang, will ring the Nasdaq opening bell on September 18, 2009.
Mr. Zhang will be joined by the Company's US andChina-based management
teams which include the Company's Chairman, Mr. Rudy Wilson, Ms. Jackie Chang,
CFO, Mr. Weiwu Peng, COO, and select members of Tongxin's board of directors.
In addition to being broadcast on national business television at 9:30 am ET,
the bell-ringing ceremony will be webcast live on NASDAQ's website and on the
NASDAQ MarketSite Tower inNew York City's Times Square.
"We are pleased to ring the Nasdaq bell at this point in our Company's
history," said Duanxiang Zhang. "Our performance in 2009 represents the
abilities of our company and the growth of the EVBS and automotive industries
inChina. We can think of no better time to formally inaugurate our company's
relationship with Nasdaq and our shareholders," Zhang concluded.
About Tongxin International Ltd.
Tongxin International Ltd., the largest independent supplier of EVBS in
China, is capable of providing EVBS for both the commercial truck and light
vehicle market segments. The Company also designs, fabricates and tests dies
used in the vehicle body structure manufacturing process. EVBS consists of
exterior body panels including doors, floor pans, hoods, side panels and
fenders. Tongxin maintains a network of 130 customers throughout 20 provinces
inChina. Headquartered inChangsha, Tongxin also maintains regional
manufacturing in Dali, Ziyang and Zhucheng.
FORWARD LOOKING STATEMENTS
Statements contained in this press release, which are not historical fact,
constitute "Forward-Looking Statements." Actual results may differ materially
due to numerous important factors that are described in Tongxin
International's most recent report to the SEC on Form 6-K, which may be
revised or supplemented in subsequent reports to the SEC. Such factors
include, among others, the cost and timing of implementing restructuring
actions, the Company's ability to generate cost savings or manufacturing
efficiencies to offset or exceed contractually or competitively required price
reductions or price reductions to obtain new business, conditions in the
automotive industry, and certain global and regional economic conditions.
Tongxin International does not intend or assume any obligation to update any
forward-looking statement to reflect events or circumstances after the date of
this press release.
For more information, please contact:
COMPANY:
Mr. Rudy Wilson, CEO
Tel: +1-248-593-8330
Email: rudy@txicint.com
Ms. Jackie Chang, CFO
Tel: +1-626-660-7117
China: +86-134-6755-3808
Email: jackie@txicint.com
Web: http://www.txicint.com
INVESTOR RELATIONS:
John Mattio, SVP
HC International, Inc.
Tel: +1-914-669-5340 (U.S.)
Email: john.mattio@hcinternational.net
Web: http://www.hcinternational.net
SOURCE Tongxin International Ltd.
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