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.”
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.
For further information contact:
Contact: Bruce Haase Public Relations
Phone: (514) 928-7368b Ext 6
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.