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NetworkNewsBreaks – Sino-Global (NASDAQ: SINO) Inks Deal with China Ocean Shipping Agency Qingdao Co.

Company: Sino-Global Shipping America, Ltd. (SINO)
Category: News

Sino-Global Shipping America (NASDAQ: SINO) this morning said it has entered into a strategic cooperation agreement with China Ocean Shipping Agency Qingdao Company (“COSCO”) in which COSCO will use Sino-Global’s logistics platform to transport its container shipments into U.S. ports in exchange for a percentage of the total amount of each transportation fee. The agreement reinforces the companies’ ongoing partnership and will expand Sino-Global’s presence in the Shandong province, as well as in other regions, through COSCO’s relationships with local subsidiaries in the area. “We continue to seek strategic partnerships and joint venture opportunities that will expand the Company’s reach and reinforce our long-term strategic vision of becoming a global logistics services provider. We look forward to growing our cooperative efforts with COSCO and to entering into similar partnerships with other local subsidiaries,” Sino-Global CEO Lei Cao stated in the news release.

To view the full press release, visit: http://nnw.fm/Q1bzc

About Sino-Global Shipping America, Ltd.

Founded in the United States in 2001, Sino-Global Shipping America, Ltd. is a company engaged in shipping, chartering, logistics and related services. Headquartered in New York, Sino-Global has offices in Los Angeles, Mainland China, Australia, Canada and Hong Kong. The company’s current service offerings consist of inland transportation management services and freight logistic services. Additional information about Sino-Global can be found on the company’s corporate website at www.sino-global.net. The Company routinely posts important information on its website.

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NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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