Sino-Global Shipping America, Ltd. (NASDAQ: SINO) (Sino-Global), a non-asset based global shipping and freight logistics integrated solution provider, today announces the signing of a strategic agreement with Sichuan Changjiang Group Corp., LTD. (Sichuan Changjiang), a leading China state-owned importer/exporter.
Pursuant to the strategic agreement, Sino-Global will serve as the general purchasing agent of sulfur and wood products in the U.S. as well as the exclusive logistics service provider for Sichuan Changjiang. Under the agreement, Sino-Global will be responsible for arranging key personal as well as contacting suppliers located in the United States. The strategic agreement provides an opportunity to improve operational efficiency and reduce overall costs for Sichuan Changjiang by utilizing Sino-Global's logistics services with both parties potentially benefiting from an increase in market share and the further development of their businesses.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, stated, "Entering into this agreement with such an established partner as Sichuan Changjiang is an important achievement for the Company and will bring further awareness to Sino-Global as a global logistics service provider. We look forward to a long working relationship with Sichuan Changjiang and are confident that this partnership will add value and strengthen profit margins for both businesses."