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Tongxin International, Ltd. to Ring Nasdaq Opening Bell on September 18, 2009

Posted on: Tuesday, 15 September 2009, 08:00 CDT

CHANGSHA, China, Sept. 15 /PRNewswire-Asia-FirstCall/ -- Tongxin International Ltd. (Nasdaq: TXIC), a China-based manufacturer of engineered vehicle body structures ("EVBS" or "truck cabs") and stamped parts for the commercial automotive industry, announced today that CEO of Hunan Tongxin, Duanxiang Zhang, will ring the Nasdaq opening bell on September 18, 2009.

Mr. Zhang will be joined by the Company's US and China-based management teams which include the Company's Chairman, Mr. Rudy Wilson, Ms. Jackie Chang, CFO, Mr. Weiwu Peng, COO, and select members of Tongxin's board of directors. In addition to being broadcast on national business television at 9:30 am ET, the bell-ringing ceremony will be webcast live on NASDAQ's website and on the NASDAQ MarketSite Tower in New York City's Times Square.

"We are pleased to ring the Nasdaq bell at this point in our Company's history," said Duanxiang Zhang. "Our performance in 2009 represents the abilities of our company and the growth of the EVBS and automotive industries in China. We can think of no better time to formally inaugurate our company's relationship with Nasdaq and our shareholders," Zhang concluded.

About Tongxin International Ltd.

Tongxin International Ltd., the largest independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. The Company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Tongxin maintains a network of 130 customers throughout 20 provinces in China. Headquartered in Changsha, Tongxin also maintains regional manufacturing in Dali, Ziyang and Zhucheng.

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.

SOURCE Tongxin International Ltd.

Source: PR Newswire

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