SORL Auto Parts Upgrade to NASDAQ Global Market
2006年11月21日 - 4:08PM
PRニュース・ワイアー (英語)
ZHEJIANG, China, Nov. 21 /Xinhua-PRNewswire/ -- SORL Auto Parts,
Inc. (NASDAQ:SORL), a leading manufacturer and distributor of
commercial vehicle air brake valves as well as other auto parts in
China, today announced that the NASDAQ Stock Market has approved
the transfer of the Company's Common Stock listing from the NASDAQ
Capital Market to the NASDAQ Global Market. The Company's common
stock will commence trading on the NASDAQ Global Market at market
open on November 21, 2006. The Company's trading symbol, "SORL"
will not be affected by the transfer to the Global Market. SORL
Auto Parts' Chairman and CEO, Mr. Xiaoping Zhang, stated, "Our
improved NASDAQ listing is in line with our objectives to continue
to improve our fiscal performance while increasing our visibility
as an industry leader in China. This significant upgrade in our
listing, in light of having only been a NASDAQ-listed company since
April of this year, is an accomplishment of which we are very
proud." About SORL Auto Parts, Inc. As China's leading manufacturer
and distributor of automotive air brake valves, SORL Auto Parts,
Inc. ranks first in market share in the segment for commercial
vehicles weighing more than three tons, such as trucks and buses.
The Company distributes products both within China and
internationally under the SORL trademark. SORL ranks among the top
100 auto component suppliers in China, with a product range that
includes 40 types of air brake valves and over 800 different
specifications. The Company has three authorized international
sales centers in Australia, United Arab Emirates, and the United
States, with additional offices slated to open in other locations
in the near future. For more information, please visit
http://www.sorl.cn/ . Safe Harbor Statement Statements made in this
press release that are not historical fact are "forward-looking
statements," which are based on current expectations that include a
number of risks and uncertainties. Additional factors that could
potentially affect the Company's financial results may be found on
the Company's filings with the Securities and Exchange Commission (
http://www.sec.gov/ ). For more information, please contact: David
Ming He SORL Auto Parts, Inc. Tel: +86-577-6581-7720 Email:
Christopher Chu The Global Consulting Group Tel: +1-646-284-9426
Email: DATASOURCE: SORL Auto Parts, Inc. CONTACT: David Ming He of
SORL Auto Parts, Inc., +86-577-6581-7720, or ; or Christopher Chu
of The Global Consulting Group, +1-646-284-9426, or , for SORL Web
Site: http://www.sorl.cn/
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