Tri-Tech Holding Celebrates First Anniversary of Nasdaq IPO
CEO Says Company’s Rapid Progress Marks Only the Beginning
Tri-Tech went public with an IPO last September, becoming the first Chinese company specializing in water resources, municipal wastewater and industrial pollution control to be listed on NASDAQ.
CEO Warren Zhao reviewed the events of the past year and told the employees, “We have had an exciting first year as a publicly-traded company filled with major events and accomplishments. But for us, this is only the beginning.” He reviewed the company’s major events in the past 12 months that included:
• Nasdaq IPO raise of $10 million in September 2009
President Phil Fan said, “Innovation is the only way for any corporation to survive and develop. We face increasing competition resulting from a lack of technical differentiation. Therefore we must continue to innovate through improved management and operational concepts, improved business models, the constant introduction of new technology and the application of value-added activities in developing sustainable growth strategies.”
Gavin Cheng, Co-President of Tri-Tech, told the gathering, “With the trust bestowed on us by our investors, employees and partners, we seek to build management policies for the mutual benefit of management and our employees through better planning and systems and by providing competitive benefits, effective administration, quality assurance, information management, training, rewards and incentive systems.”
CEO Zhao emphasized, “This past year has been full of surprises, challenges and opportunities. In reviewing the accomplishments of the past year, we are committed to aligning our extensive resources with our investors and partners in creating a “win-win” situation. As the first total solution provider for Chinese water resources, municipal wastewater and industrial pollution control listed on NASDAQ, I am proud of what we have accomplished so far and I am confident of our future development. I will continue to work with our team on the most effective ways to maximize shareholder value.”
About Tri-Tech Holding Inc.
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This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include references to the successful completion of the project referenced herein and other statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.