MONTREAL, Jan. 26, 2018 (GLOBE NEWSWIRE) — Via OTC PR Wire — SDT Holdings, Inc. / Wuhan General Group (China), Inc. (OTC PINK:WUHN) (the “Company”).
The Parent Company announces the following updates and developments:
- Former officers and board of directors have stepped down from their position in the company while simultaneously appointing Ramy Kamaneh as the new President and CEO of Wuhan General Group (China), Inc.
- The custodianship has been discharged and return control to Wuhan General Group Board of Directors.
- Appointed lawyer firm BOOTH UDALL FULLER to expedite further transactions.
- OTC filings and corporate profile, FINRA, State of Nevada name change all in progress.
- Corporate website in development.
- Currently interviewing auditors for compliance and up listing to a higher market place.
- SDT Holdings, Inc. is finalizing the RTO transaction with Wuhan General Group (China), Inc.
The Company will be announcing in next week’s corporate updates and developments (letter of intent, joint ventures, partnerships, acquisitions, contracts …) regarding its subsidiaries.
“We have engaged the right resources in getting the Company current in a timely fashion as well as other related transactions. Also, would like to thank all my team for their effort to build this great future Nasdaq company as well as for all the interest and support from our current and prospective investors,” stated Ramy Kamaneh, CEO of SDT Holdings, Inc.
SDT Holdings, Inc. is a Montreal-based industrial technology holding company that focuses on the development, production and commercialization of its 4 subsidiaries: Mining Electrification, Cryptocurrencies/blockchain, Industrial Batteries, Internet of Things and Artificial Intelligence for the industrial market. We are dedicated to supplying quality, innovative technologies and battery solutions for the Transport, Mining, Agricultural, Industrial and Earthmoving Industries.
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.