Throughout 2009, Tongxin International allocated R&D and marketing efforts
to develop and expand its product offering to the growing medium and
heavy-duty EVBS truck segments in
Tongxin will manufacture an unpainted and finished version of each cab
model. Unpainted models will ship directly to customers from Tongxin's
assembly facility in Zhucheng. Painted and finished cabs will be fitted with a
customer-specific interior and instrumentation and ship from Tongxin's
Currently, medium and heavy-duty truck cab sales account for less than 10%
of Tongxin sales. For the nine months ended
About Tongxin International Ltd.
Tongxin International Ltd., the largest independent supplier of EVBS in
FORWARD LOOKING STATEMENTS
Statements contained in this press release, which are not historical fact, constitute "Forward-Looking Statements." Actual results may differ materially due to numerous important factors that are described in Tongxin International's most recent report to the SEC on Form 6-K, which may be revised or supplemented in subsequent reports to the SEC. Such factors include, among others, the cost and timing of implementing restructuring actions, the Company's ability to generate cost savings or manufacturing efficiencies to offset or exceed contractually or competitively required price reductions or price reductions to obtain new business, conditions in the automotive industry, and certain global and regional economic conditions. Tongxin International does not intend or assume any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
For more information, please contact: COMPANY: Mr. Rudy Wilson, CEO Tel: +1-248-593-8330 Email: rudy@txicint.com Ms. Jackie Chang, CFO Tel: +1-626-660-7117 China: +86-134-6755-3808 Email: jackie@txicint.com Web: http://www.txicint.com INVESTOR RELATIONS: John Mattio, SVP HC International, Inc. Tel: +1-203-616-5144 (U.S.) Email: john.mattio@hcinternational.net Web: http://www.hcinternational.net
SOURCE Tongxin International Ltd.