CHANGSHU, China, May 27, 2015 /PRNewswire/ -- Sutor
Technology Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR),
one of the leading China-based
manufacturers and service providers for fine finished steel
products used by a variety of downstream applications, announced
that it launched a mobile application for its fine finished steel
products recently. This application enables users to order, track
orders and delivery, and read the latest Company news and industry
news, all online. This integrated online platform signals a new era
of products development and innovation for Sutor.
Lifang Chen, Chairwoman and CEO
of Sutor commented, "As a high-tech enterprise, Sutor continues to
pursue the development of new industrial techniques and services.
Following the trend of fast increasing use of internet
applications, Sutor's IT team developed the mobile application
in-house. Customers can track order status real time and at any
place where wi-fi is available. Since the launch of this
application nearly one week ago, the volume of online orders for
our fine finished steel products reached 6,000 metric tons on one
of the days in that period."
"The launching of fine finished steel mobile application is a
breakthrough in our efforts to provide our customers with
integrated service. With the goal of becoming the best fine
finished steel supply chain service provider, we will offer all
customers with more convenient, more efficient and more
comprehensive services continuously. "Ms. Chen concluded.
About Sutor Technology Group Ltd
Sutor is one of the leading China-based manufacturers and service
providers for high-end fine finished steel products and welded
steel pipes used by a variety of downstream applications. The
Company utilizes a variety of in-house developed processes and
technologies to convert steel manufactured by third parties into
fine finished steel products, including hot-dip galvanized steel,
pre-painted galvanized steel, acid-pickled steel, cold-rolled steel
and welded steel pipe products. The Company also provide fee-based
steel processing services to customers, including industrial peers.
To learn more about the Company, please visit
http://www.sutorcn.com/en/index.php.
Forward-Looking Statements
This press release includes certain statements that are not
descriptions of historical facts, but are "forward-looking
statements" in nature within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements include, among
others, those concerning our expected financial performance,
liquidity and strategic and operational plans, our future operating
results, our expectations regarding the market for our products,
our expectations regarding the steel market, as well as all
assumptions, expectations, predictions, intentions or beliefs about
future events. You are cautioned that any such forward-looking
statements are not guarantees of future performance and that a
number of risks and uncertainties could cause our actual results to
differ materially from those anticipated, expressed or implied in
the forward-looking statements. These risks and uncertainties
include, but not limited to, the factors mentioned in the "Risk
Factors" section of our Annual Report on Form 10-K for the year
ended June 30, 2014, and other risks
mentioned in our other reports filed with the Securities Exchange
Commission ("SEC"). Copies of filings made with the SEC are
available through the SEC's electronic data gathering analysis
retrieval system (EDGAR) at http://www.sec.gov. The words
"believe," "expect," "anticipate," "project," "targets,"
"optimistic," "intend," "aim," "will" or similar expressions are
intended to identify forward-looking statements. All statements
other than statements of historical fact are statements that could
be deemed forward-looking statements. The Company assumes no
obligation and does not intend to update any forward-looking
statements, except as required by law.
For more information, please contact:
Investor Relations
Sutor Technology Group Limited
Tel: +86-512-5268-0988
Email: investor_relations@sutorcn.com
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SOURCE Sutor Steel Technology Co., Ltd.