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SinoHub Approved as AA Customs High Credit Enterprise by General Administration of Customs of the People’s Republic of China

April 7, 2009
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SANTA CLARA, Calif. and SHENZHEN, China, April 7 /PRNewswire-Asia/ –
SinoHub, Inc. (OTC Bulletin Board: SIHI), which conducts substantially all of
its operations through its wholly-owned subsidiary SinoHub Electronics
Shenzhen Limited in the People’s Republic of China, today announced that its
subsidiary, SinoHub SCM Shenzhen Limited, has been approved as an AA Customs
High Credit Enterprise by the General Administration of Customs of the
People’s Republic of China
.

AA Customs High Credit Enterprise status is the highest level of
achievement awarded to long-standing enterprises with standardized operations
and highly reliable customs declaration credit. Recognized in all of China’s
customs ports, AA Customs High Credit Enterprises are given priority,
expedited customs clearance. Due to this new status, SinoHub expects to
benefit from expedited clearance facilitation, exemption from customs
examinations and processing by dedicated customs personnel to accelerate all
import/export aspects of the company’s business. This distinction is
especially important for SinoHub’s mobile phone business customers, who
comprise approximately 70% of the company’s total revenues, and for whom speed
in importing components translates into enhanced profitability.

“We are very pleased to have our spotless record and reputation for
efficiency recognized by the General Administration of Customs for the
People’s Republic of China
,” said Harry Cochran, chief executive officer of
SinoHub. “Our company is one of only eight non-bonded import and export
businesses in Shenzhen awarded AA Customs High Credit Enterprise status and
the only one of these which is focused on the electronics industry.

“By gaining this important distinction, our customers will benefit from a
more simplified customs declaration procedure, which lowers costs and allows
us to continuously improve our service levels. This is a key building block
for our future growth and we believe it gives us a significant competitive
advantage as we seek to become the premier electronic component supply chain
management platform for China’s electronics industry.”

About SinoHub

SinoHub, Inc., founded in 2000 by veteran entrepreneur Harry Cochran and
electronic component industry veteran Lei Xia to facilitate the electronics
revolution in China, provides world-class supply chain management services
with transparent information access for participants in the electronic
components supply chain in China. For more information, visit the company’s
web site at http://www.sinohub.com .

Cautionary Statement Regarding Forward-looking Information

Some of the statements contained in this press release that are not
historical facts constitute forward-looking statements under the federal
securities laws. You can identify forward-looking statements by the use of the
words “may,” “will,” “should,” “could,” “expects,” “plans,” “anticipates,”
“believes,” “estimates,” “predicts,” “intends,” “potential,” “proposed,” or
“continue” or the negative of those terms. These statements involve risks
known to us, significant uncertainties, and other factors, many of which we
cannot predict with accuracy and some of which we might not even anticipate,
which may cause our actual results, levels of activity, performance, or
achievements to be materially different from any future results, levels of
activity, performance, or achievements expressed or implied by those
forward-looking statements. Readers are cautioned not to place undue reliance
on these forward-looking statements.

    Among the factors about which we have made assumptions are:

    1. Our customers will benefit from a more simplified customs declaration
       procedure;

    2. Our AA Customs High Credit Enterprise status will provide SinoHub with
       a significant competitive advantage; and

    3. That this status will be a key building block for future growth as we
       seek to become the premier electronic component supply chain management
       platform for China's electronics industry.

Except as required by law, we assume no obligation to update any
forward-looking statements publicly, or to update the reasons actual results
could differ materially from those anticipated in any forward-looking
statements, even if new information becomes available in the future. For
further information on factors which could impact us and the statements
contained herein, see the “Risk Factors” included in Item 1A of our Annual
Report on Form 10-K. We assume no obligation to update and supplement
forward-looking statements that become untrue because of subsequent events,
new information or otherwise.

    For more information, please contact:

    SinoHub, Inc.:
     Falicia Cheng
     Tel:   +86-755-2661-1080
     Email: falicia@sinohub.com

    In the U.S.:
     PondelWilkinson Inc.
     Laurie Berman/Angie Yang
     Tel:   +1-310-279-5980
     Email: investor@pondel.com

SOURCE SinoHub, Inc.


Source: newswire