NEW YORK, July 21, 2008 (PRIME NEWSWIRE) -- Tongxin International Ltd. (OTCBB:TXICF) announced that it has received approval to list its securities on the NASDAQ Global Market. The company's common stocks, warrants and units will trade under the symbols, TXIC, TXICW and TXICU, respectively. It is anticipated that the listing date will be later this week and will be announced when confirmed.
About Tongxin International Ltd.
Tongxin International Ltd., is the largest independent supplier of Engineered Vehicle Body Structures ("EVBS") in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments, in addition to designing, fabricating and testing dies used in the manufacturing process. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders.
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Forward-Looking Statements
Statements contained in this press release, which are not historical fact, including the anticipated date of listing of the Class A Common Stock on the Nasdaq Global Market, 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.