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Wuhan General Group confirms the cancelation of 60% of its outstanding common shares

MONTREAL, Sept. 14, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Wuhan General Group (China), Inc. (OTC PINK: WUHN) (the “Company”), a Nevada investment company focused on the industrial technology and other emerging market space, is pleased to announce its completion of the first stage in the reorganization of the Company’s share structure. This restructuring, consistent with the Company’s strategic growth plans, will serve to increase shareholder value and enhance the Company’s growth potential.

The company has reduced its outstanding common shares from 100 million to approx. 39.7 million. All canceled shares have been returned to the company treasury to be used in future acquisitions as well as to raise funds by means of private placements for present and future projects. This action will allow the Company to increase its cash flow without increasing the authorized number of shares.

“We are excited about achieving this milestone on our roadmap planned for 2018 and next year,” said CEO, Ramy Kamaneh. “As we continue evaluating our Company operations, we will continue building a strong foundation to create a successful company that benefits all shareholders. We are excited about achieving this goal and are in the process of doing so with what is to come.”

About Wuhan General Group (China) Inc

Wuhan General Group (China), Inc., based in Nevada, is an investment company focused in the areas of Cryptocurrency mining operations and infrastructure. In addition to its strong commitment in facilitating the development and adoption of cryptocurrency mining operations, Wuhan continues to pursue distinct investment decisions based on emerging markets that reflect the highest business, technical, and legal standards.

Wuhan General Group (China), Inc.
Publicly traded company (OTC Pink:WUHN)
Website: www.wuhn.org

For further information contact:
Public Relations
E-mail: info@wuhn.org

Forward-Looking Statements

Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

Source: Wuhan General Group (China), Inc

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US Defense Department Facility to be Transformed into Cryptocurrency Mining Farm

MONTREAL, Sept. 11, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Wuhan General Group (China), Inc. (OTC PINK: WUHN) (the “Company”), a Nevada investment company focused in cryptocurrency mining operations announced today that it’s currently negotiating a redesign of a US Defense Department data center to transform it into a Cryptocurrency mining facility. The facility will meet security and power requirements when mining cryptocurrency. It will also provide the Company with an opportunity to set new standards in cryptocurrency mining safety, stability, and security measures.

This new facility will launch at an optimal time in the market to strengthen the Company’s cryptocurrency mining division for highly scalable and flexible mining operations across all major cryptocurrencies. The Company benefits from low-cost North American power, a cool climate, and high-speed Internet, which is critical to mining success, placing it in a competitive position to maximize profitability. Ultimately, the project comes at a time that will serve in the Company’s and shareholders’ best interests.

The 55,0000 sq. ft facility has over 3MW of power ready to accommodate up to 1300 mining machines for Bitcoin, Zcash, and others with an additional 12,000 to be deployed upon successful completion of its upgrade to a 30MW facility in 2019. Once the negotiation is finalized, the first order of rigs from Asicminer is expected to arrive in late October and more in the coming months. The Company estimates this operation to bring monthly revenue in excess of $3.5M based on current cryptocurrency market prices for the initial 1300 mining machines in operation. More information will be shared regarding the progress of the project when available.

Ramy Kamaneh, CEO said: “We had planned to build this operation three months ago, but with the bearish cryptocurrency market, we took a step back to reassess our strategy. The decision to wait for market stability was a good one, especially considering many cryptocurrency machines are no longer profitable in the current market. We acted in the best interests of the Company and its shareholders and firmly believe that the market has bottomed and a bullish market is starting again.”

In addition to providing optimal cryptocurrency mining performance, the facility will adhere to strict safety and security standards. As a leader in streamlined solutions that respond to the impacts of the tech industry, the Company believes that this project will increase in value and also create opportunities for innovation within the sector.

About Wuhan General Group (china) Inc

Wuhan General Group (China), Inc., based in Nevada is an investment company focused in the areas of Cryptocurrency mining operations and infrastructure. In addition to its strong commitment in facilitating the development and adoption of cryptocurrency mining operations, Wuhan continues to pursue distinct investment decisions based on emerging markets that reflect the highest business, technical, and legal standards.

Wuhan General Group (China), Inc.
Publicly traded company (OTC Pink:WUHN)
Website www.wuhn.org

For further information contact:
Public Relations
E-mail: info@wuhn.org

Forward-Looking Statements

Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

Source: Wuhan General Group (China), Inc

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Wuhan General Group shares more information on Spin-Off

Once finalized, shareholders of WUHN before the cut-off date will receive shares of SDT, therefore benefiting from all four existing subsidiaries under two fully reporting parent companies.

After the spin-off, Wuhan General Group, Inc. will focus its operation on large-scale mining cryptocurrency farms and explore other potential avenues and acquisitions to bring additional sources of income and assets to the company.

SDT, the private Canadian company, will become a fully traded public company on both the US and Canadian market exchange and will continue its operations through its subsidiaries including SDIT, SDET, and SDMT.

MONTREAL, Sept. 05, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Wuhan General Group (China), Inc. (OTC PINK: WUHN) (the “Company”), a Nevada investment company focused on the industrial technology market space, announced its plan to pursue a spin-off of the Company’s Canadian tech-related business, Strategic Development of Technology (SDT), Inc. to Company shareholders. The separation is a strategic move by the Company to benefit its shareholders with the enhanced growth potential of two fully reporting parent companies that span multiple fast-developing industries. The transaction is intended to take the form of a tax-free distribution to Wuhan shareholders, who are eligible to receive SDT common stock shares. The distribution ratio and Record Date will be announced at a later time.

With SDT as a standalone public company, the spin-off will ensure that Wuhan shareholders will continue to benefit from SDT subsidiaries. Following the transaction, each parent company will have distinct corporate strategies and capital allocation priorities:

  1. Wuhan’s portfolio of businesses will be comprised primarily of industry-leading blockchain technology development (SDBT). By isolating its cryptocurrency profile, the Company is expected to generate stable growth opportunities and focus its strategy to acquire and generate business in new industries.
  2. The spin-off of the private company Strategic Development of Technology (SDT) into a public company will be focused on the development of batteries (SDET), electric equipment (SDMT), and Intelligence (SDIT) technology. SDT’s subsidiaries have leading positions in industrial mining and energy markets throughout North America. The spin-off transaction will position these three subsidiaries to drive industry growth and initiatives in creating sustainable solutions for these markets.

Benefits of the Spin-off Transaction:

Enhances overall growth potential through two focused companies

Wuhan believes that both the growth potential and overall valuation of its businesses will be enhanced as a result of separating its current portfolio into two separate companies. The Nevada based Investment company and the Canadian Technology Development company will each be more focused and competitive as leading standalone companies in their respective industries.

Expands trading opportunities in the US and Canada

The spin-off of SDT will allow a compelling opportunity by trading on both the OTCQB and CSE markets.

Enables each company to advance differentiated investments

Wuhan believes that this transaction will yield new opportunities to generate business and provide value through new market opportunities. This enables investors to clearly evaluate the inherent value of each company’s portfolio of assets and invest accordingly.

Maintains benefits of SDT’s industrial technology development structure

As a fully reporting public company, SDT can continue to improve upon its unparalleled contributions to the sustainable industrial technology sector.

Next Steps:

The private company, SDT will undergo an audit during the month of September and then file its initial registration statement with the Securities and Exchange Commission to be a fully reporting company. The Company plans on listing SDT on the OTC Markets OTCQB marketplace first, then on the CSE.

Once the separation is complete, Wuhan General Group (China), Inc. will file its three years of audited financials to become a fully reporting company as well as uplisting to OTCQB; the name and ticker change will follow. The Company will continue to provide shareholders with transaction details as they arise. A new corporate website for Wuhan and SDT will go live prior to the Record Date, which will be announced at a later time.

About Wuhan General Group (China) Inc.

Wuhan General Group (China), Inc., based in Nevada, is an investment company focused in the areas of Cryptocurrency mining operations and infrastructure. In addition to its strong commitment to facilitate the development and adoption of cryptocurrency mining operations, Wuhan continues to pursue distinct investment decisions based on emerging markets that reflect the highest business, technical, and legal standards.

About SDT Inc.

SDT is a Montreal-based Canadian technology holding company whose primary business operations are conducted through its operating subsidiaries SDMT, SDET, and SDIT. The subsidiaries are engaged in the research, development, and manufacturing of industrial battery technologies and electric Material Handling Equipment (eMHE) to assist the mining, construction, and agricultural industries in eliminating greenhouse gas (GHG) emissions by moving from diesel power to a battery-powered energy source.

SDT subsidiaries are also exploring the research and application of artificial intelligence and blockchain technologies to the mining, agriculture and construction industries.

Wuhan General Group (China), Inc.
Publicly traded company (OTC Pink:WUHN)
Website: www.wuhn.org

Strategic Development of Technology, Inc.
Private company
Website: www.sdtholdings.com

For further information contact:
Public Relations
Phone: (514) 928-7368
E-mail: info@wuhn.org

Forward-Looking Statements

Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

Source: Wuhan General Group (China), Inc.

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Wuhan General Group Announces Intention to Spin-off Company’s Tech Development Business

MONTREAL, Sept. 04, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Wuhan General Group (China), Inc. (OTC PINK: WUHN) (the “Company”), a Nevada investment company focused on the industrial technology market space, announced today that its Board of Directors has unanimously approved a plan to pursue a spin-off of the Company’s Canadian tech related business, Strategic Development of Technology (SDT), Inc, to Company shareholders. The separation is planned as a tax-free spin-off transaction to the Company’s shareholders and is expected to be completed in the fourth quarter of 2018.

The transaction is expected to result in two separate public companies that will benefit from leading positions in their respective industries. As of the Record Date (cut-off date), the Company shareholders will be eligible to receive SDT common stock shares. The transaction is intended to take the form of a tax-free distribution to Company shareholders. The expected stock distribution ratio will be confirmed in the comings weeks.

Ramy Kamaneh, CEO said: “We believe that establishing SDT as a stand-alone, fully reporting public company will allow for us to align more closely with our strategic initiatives. It will also give the investment community clearer insight into the potential value our businesses can continue to create. As a Canadian company, this is a compelling opportunity to reach investors in the U.S. and in Canada by trading on both the OTCQB and CSE stock exchange markets.”

The Company anticipates that the spin-off will enhance the growth potential and overall valuation of its businesses as a result of creating two separate companies specialized in fast-growing industries. With the added advantage of access to both Canada and U.S. market, the Company is confident it will better serve shareholders. It will also allow each company to be more focused and competitive in their respective industries. This announcement will also serve to enable SDT to execute even better on their strategy and drive their vision of a sustainable and equitable industrial technology market. Once the separation completed, Wuhan General Group (China), Inc will file its 3 years of audited financials to become a fully reporting company as well as up listing to OTCQB, and apply for name and ticker symbol change.

Additional Details

The Record date and completion of the transaction is subject to certain usual conditions, including SEC, Legal and shareholder approvals. The Company currently anticipates the Distribution Date to be in December 2018. Dates are subject to change. The Company will release information in the coming weeks with definitive dates and further information.

About Wuhan General Group (china), Inc.

Wuhan General Group (China), Inc. is a Nevada based investment company focused in the areas of Cryptocurrency mining operations, battery & electric material handling equipment manufacturing, services in artificial intelligence, as well as Internet of Things hardware. In addition to this, they are also dedicated to working in the application of blockchain technologies to mining, agriculture and construction industries.

About Strategic Development of Technology (SDT), Inc.

SDT, Inc. is a Montreal-Based Canadian corporation engaged in the research, development and manufacturing of industrial battery technologies and electric Material handling equipment (eMHE) to assist the mining, construction and agricultural industries in eliminating greenhouse gas (GHG) emissions by moving from diesel power to a battery-powered energy source. SDT’s deep understanding of battery chemistry and the in-field operations for industries such as the underground mining industry, gives it a competitive advantage to become a leader in the development of this space as well as in assisting these industries in their adoption to battery powered material handling equipment.

By complementing its industrial batteries and eMHE with predictive maintenance using artificial intelligence and hardware (Internet of things), SDT can effectively manage and coordinate a full-scale battery-powered operation and charging infrastructure 24-7 at some of the most remote locations in the world.

SDT is also building, through its subsidiary, a cryptocurrency mining operation as well as exploring the research and application of blockchain technologies to the mining, agriculture and construction industries.

Wuhan General Group (China), Inc.

Publicly traded company (OTC Pink:WUHN)
Website:www.sdtholdings.com

For further information contact:

Public Relations
Phone: (514) 928-7368
E-mail:info@sdtholdings.com

Forward-Looking Statements

Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

Source: Wuhan General Group (China), Inc.

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Wuhan General Group intent to cancel two-thirds of its outstanding common shares in 2018

MONTREAL, Aug. 29, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Wuhan General Group (China), Inc. (OTC PINK: WUHN) (the “Company”), a Nevada investment company focused on the industrial technology market space, announces today that, starting next week, they will begin a series of common share cancellations to reorganize the share structure of the Company to increase shareholder value.

The company intent to reduce its outstanding common shares from 100 million to approx. 35 million shares, with a press release confirming each transaction as they occur. All canceled shares will be returned to the company treasury to be used in future acquisitions of businesses and assets. This will work to stimulate the company’s growth and increase value for current and future shareholders.

Ramy Kamaneh, CEO said: “We are excited about initiating our strategy roadmap, hence creating wealth for our investors. It shows the trust we have in the process of expanding this company, and we look forward to what is to come.”

This restructuring is not only an important step for the company, but also signifies a growing strength in mining electrification, cryptocurrencies, industrial batteries, Internet of Things hardware, and artificial intelligence — all promising niche markets. As Wuhan General Group continues to narrow its focus on the service of growth, ethics, sustainability, and safety in growing industries, investors are provided an opportunity to get the best shareholder value.

Addressing the name and ticker change, the company has decided to postpone this change until Q1 2019. At that time, the company will audit their past three years’ finances to secure their title as a fully reporting company. Once this is achieved, Wuhan General Group will reapply with Finra.

About Wuhan General Group
Wuhan General Group (China) Inc. is a Nevada based investment company focused in the areas of Cryptocurrency mining operations, battery & electric material handling equipment manufacturing, services in artificial intelligence, as well as Internet of Things hardware. In addition to this, they are also dedicated to working in the application of blockchain technologies to mining, agriculture and construction industries.

Wuhan General Group (China), Inc.
Publicly traded company (OTC Pink: WUHN)
Website:www.sdtholdings.com

For further information contact:
Public Relations
Phone: (514) 928-7368
E-mail:info@sdtholdings.com

Forward-Looking Statements
Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

Source: Wuhan General Group (China), Inc

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Wuhan General Group/SDT Holdings (OTCBB: WUHN) Reports 140% Revenue Increase in its Consulting Division

MONTREAL, Aug. 14, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Wuhan General Group (China), Inc./ SDT Holdings, Inc.  (OTC PINK: WUHN) (the “Company”), an industrial technology company focused on creating industrial batteries and electric equipment for the mining, construction and agricultural industries announced today that for the period ended June 30, 2018, gross revenue from its consulting services division increased 140 percent as compared to the same period in the previous year. Gross revenue for the period ended June 30, 2018 was $154,000 as compared to $64,000 for the same period in the previous year. In addition, the company has begun to see positive cash flow in the second quarter of 2018.

“Our consulting-services team achieved a strong six months characterized by solid revenue growth and major core development, while navigating this challenging phase of going public,” said CEO Ramy Kamaneh.

Mr. Kamaneh continued, “As many industries move away from gas and diesel power and adopt electric vehicles and other equipment, we expect to see a pattern of high double digit revenue growth going forward. Our deep understanding of the specifications for these industrial batteries along with the in-field operations of various industries allows us to have a competitive advantage when we are asked to provide a solution for some of North America’s largest companies.”

About SDT Holdings, Inc.

SDT Holdings, Inc. is a Nevada corporation  engaged in the research, development and manufacturing of industrial battery technologies and electric Material handling equipment (eMHE) to assist the mining, construction and agricultural industries in eliminating greenhouse gas (GHG) emissions by moving from diesel power to a battery-powered energy source. SDT’s deep understanding of battery chemistry and the in-field operations for industries such as the underground mining industry, gives it a competitive advantage to become a leader in the development of this space as well as in assisting these industries in their adoption to battery powered material handling equipment.

By complementing its industrial batteries and eMHE with predictive maintenance using artificial intelligence and hardware (Internet of things), SDT can effectively manage and coordinate a full-scale battery-powered operation and charging infrastructure 24-7 at some of the most remote locations in the world.

SDT Holdings, Inc. is also  exploring the research and application of blockchain technologies to the mining, agriculture and construction industries.

SDT Holdings, Inc
Publicly traded company (OTC Pink: WUHN)
Website: www.sdtholdings.com

For further information contact:
Contact: Bruce Haase – Public Relations
Phone: (514) 928-7368 Ext 6
E-mail: info@sdtholdings.com

Forward-Looking Statements
Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

Source: Wuhan General Group (China), Inc

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Crohn’s and Colitis Canada Selects 10 AbbVie IBD Scholarship Recipients

TORONTO, Aug. 14, 2018 /CNW/ – Crohn’s and Colitis Canada has awarded 10 scholarships to post-secondary students through the AbbVie IBD Scholarship Program. The students, hailing from universities across the country, all strive to sustain an optimal level of wellness while living with Crohn’s disease or ulcerative colitis and inspire others to do the same.

Canada has one of the highest rates of inflammatory bowel disease (IBD) in the world as nearly a quarter of a million people live with either Crohn’s disease or ulcerative colitis, which are the two main forms of IBD. The autoimmune diseases cause the body to attack healthy tissue, leading to inflammation of all or part of the gastrointestinal tract. Common symptoms include severe abdominal pain, nausea, fatigue, internal bleeding, and the unpredictable and urgent need to use the washroom.

“People are often diagnosed with Crohn’s disease or ulcerative colitis in their late teens or early 20s, which can make the already challenging task of completing post-secondary education all the more stressful,” said Mina Mawani, President and CEO, Crohn’s and Colitis Canada. “Our scholarship recipients demonstrate their strength and resilience in overcoming these challenges on a daily basis. Crohn’s and Colitis Canada is delighted to support our recipients and proud that they continue to support others living with these chronic diseases by being actively involved in their communities, all while striving towards their academic goals.”

Since 2012, the AbbVie IBD Scholarship Program has supported nearly 70 Canadian students in navigating post-secondary education while living with Crohn’s or colitis by awarding scholarships that total in excess of $345,000. Scholarships of up to $5,000 are contributed towards each student’s tuition.

“We are very proud of the impact that this longstanding program is having on the lives of post-secondary students,” says Stéphane Lassignardie, General Manager of AbbVie Canada. “Attending school while dealing with the stress of managing Crohn’s or colitis is a real challenge and it is critical to support and encourage these students.”

Crohn’s and Colitis Canada congratulates the following 2018 AbbVie IBD Scholarship recipients:

  • Naji Balche – Western University
  • Kristin Bridges – Queen’s University
  • Ashley Clark – University of Victoria
  • Sarah Jane Downton – Acadia University
  • Emma Moore – University of Prince Edward Island
  • Navjit Moore – University of British Columbia
  • Kayleigh Pink – University of Ottawa
  • Evan Rootenberg – Ryerson University
  • Natalie Sousa – University of British Columbia
  • Claudia Tersigni – University of Toronto

To learn more about the 2018 AbbVie IBD Scholarship recipients, please visit ibdscholarship.ca.

About Crohn’s and Colitis Canada
Crohn’s and Colitis Canada is on a relentless journey to find cures for Crohn’s disease and ulcerative colitis and improve the lives of children and adults affected by these chronic diseases. We are the country’s largest volunteer-based organization with this mission and one of the top two health charity funders of Crohn’s and colitis research in the world, investing over $115 million in research to date. We are transforming the lives of people affected by Crohn’s and colitis through research, patient programs, advocacy, and awareness. For more information, please visit crohnsandcolitis.ca and follow us @getgutsycanada on Twitter, Facebook, and Instagram.

About AbbVie
AbbVie is a global, research-driven biopharmaceutical company committed to developing innovative advanced therapies for some of the world’s most complex and critical conditions. The company’s mission is to use its expertise, dedicated people and unique approach to innovation to markedly improve treatments across four primary therapeutic areas: immunology, oncology, virology and neuroscience. In more than 75 countries, AbbVie employees are working every day to advance health solutions for people around the world. For more information about AbbVie, please visit us at www.abbvie.ca or follow us on Twitter at @abbviecanada.

SOURCE Crohn’s and Colitis Canada

For further information: or to arrange interviews, please contact: Derek Holota, Smithcom Ltd., 647-473-7723, derek.holota@smithcom.ca; Stacey Sheehan, Marketing and Communications Coordinator, Crohn’s and Colitis Canada, 416-920-5035 ext. 243, ssheehan@crohnsandcolitis.ca

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Wuhan General Group/SDT Holdings (OTC PINK: WUHN) Reports 140% Revenue Increase in its Consulting Division

MONTREAL, QC / ACCESSWIRE / August 13, 2018 / Wuhan General Group (China), Inc./ SDT Holdings, Inc. (OTC PINK: WUHN) (the “Company”), an industrial technology company focused on creating industrial batteries and electric equipment for the mining, construction and agricultural industries announced today that for the period ended June 30, 2018, gross revenue from its consulting services division increased 140 percent as compared to the same period in the previous year. Gross revenue for the period ended June 30, 2018 was $154,000 as compared to $64,000 for the same period in the previous year. In addition, the company has begun to see positive cash flow in the second quarter of 2018.

“Our consulting-services team achieved a strong six months characterized by solid revenue growth and major core development, while navigating this challenging phase of going public,” said CEO Ramy Kamaneh.

Mr. Kamaneh continued, “As many industries move away from gas and diesel power and adopt electric vehicles and other equipment, we expect to see a pattern of high double digit revenue growth going forward. Our deep understanding of the specifications for these industrial batteries along with the in-field operations of various industries allows us to have a competitive advantage when we are asked to provide a solution for some of North America’s largest companies.”

About SDT Holdings, Inc.

SDT Holdings, Inc. is a Nevada corporation engaged in the research, development and manufacturing of industrial battery technologies and electric Material handling equipment (eMHE) to assist the mining, construction and agricultural industries in eliminating greenhouse gas (GHG) emissions by moving from diesel power to a battery-powered energy source. SDT’s deep understanding of battery chemistry and the in-field operations for industries such as the underground mining industry, gives it a competitive advantage to become a leader in the development of this space as well as in assisting these industries in their adoption to battery powered material handling equipment.

By complementing its industrial batteries and eMHE with predictive maintenance using artificial intelligence and hardware (Internet of things), SDT can effectively manage and coordinate a full-scale battery-powered operation and charging infrastructure 24-7 at some of the most remote locations in the world.

SDT Holdings, Inc. is also exploring the research and application of blockchain technologies to the mining, agriculture and construction industries.

SDT Holdings, Inc
Publicly traded company (OTC Pink: WUHN)
Website: www.sdtholdings.com

For further information contact:

Contact: Bruce Haase – Public Relations
Phone: (514) 928-7368 Ext 6
E-mail: info@sdtholdings.com

Forward-Looking Statements

Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

 

SOURCE: Wuhan General Group (China), Inc

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Wuhan General Group/SDT Holdings (OTCBB: WUHN) Achieves Pink Current Status with OTC Markets

MONTREAL, July 30, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE —  Wuhan General Group (China), Inc./ SDT Holdings, Inc.(OTC PINK:WUHN) (the “Company”), a Montreal-based industrial technology holding company serving various industries through their four subsidiaries, announces major developments.

The Company is pleased to announce that OTC Markets have restored its reporting status to OTC Pink Current Information. Ramy Kamaneh, CEO of SDT Holdings, states, “I want to thank our internal corporate team for their outstanding efforts in achieving this very important milestone. In particular we want to thank our SEC legal team at Booth Udall Fuller, PLC for their expertise and persistence to ensure the company adheres to compliance guidelines.”

Mr. Kamaneh continues, “The company will seek to obtain formal approval for its name and symbol change through FINRA in the coming days and will update our stockholders throughout the process. We now can move forward with our exciting strategies, roadmap, partnerships, acquisitions, and managerial additions. We are excited about the upcoming updates for our shareholders.”

About

SDT Holdings, Inc. is a Montreal-based industrial technology holding company that focuses on the development, production and commercialization of its four subsidiaries, specialized in these areas: mining electrification, cryptocurrencies / blockchain, industrial batteries, internet of things and artificial intelligence for the industrial market. Dedicated to supplying quality, innovative technologies and battery solutions, SDT Holdings services the transport, mining, agricultural, Construction and earthmoving industries.

SDT Holdings, Inc
Publicly traded company (OTC Pink: WUHN)
Website: www.sdtholdings.com

For further information contact:

Contact: Bruce Haase Public Relations
Phone: (514) 928-7368b Ext 6
E-mail:info@sdtholdings.com

Forward-Looking Statements

Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

Source: Wuhan General Group (China), Inc.