Tri-Tech Holding Engages Friedman LLP for Implementation of Sarbanes-Oxley Act Section 404
BEIJING China - June 14, 2010 - Tri-Tech Holding Inc. (Nasdaq: TRIT), a leading total solutions provider to China's water resources, municipal wastewater and industrial pollution control markets, announced today that it engaged Friedman LLP to assist the company implement Sarbanes-Oxley Act Section 404 requirements (SOX 404).
Friedman LLP will work closely with the company's management to help prepare a SOX 404 compliance program. As part of compliance with SOX 404, Tri-Tech Holding and its external auditor will examine and report on the adequacy of the company's internal financial reporting and control systems after documenting and testing financial reporting and control procedures. In addition, Friedman LLP will provide recommendations to company's management for instituting necessary additional controls to enhance the risk management capability of company's internal controls over financial reporting.
"We are pleased to engage Friedman LLP for the important efforts to ensure that our company is in full compliance with SOX 404 requirements," said Mr. Warren Zhao, CEO of Tri-Tech Holding. "We believe that this necessary undertaking will also enhance shareholder confidence and long-term value in the company."
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.