EBOD Has Regained Compliance With NASDAQ Minimum Bid Price Listing Requirement
HONG KONG, Nov. 13, 2012 (GLOBE NEWSWIRE) -- Renewable Energy Trade Board
Corporation, formerly known as China Technology Development Group Corporation
(Nasdaq:EBOD) ("we" or "the Company"), a fast growing clean energy group in
China based in Hong Kong, today announced receipt of a letter from The NASDAQ
Stock Market notifying the Company that it has regained compliance with
NASDAQ's minimum bid price continued listing requirement, as a result of the
closing bid price of its common stock having been at or above the minimum
requirement of $1.00 per share for the last 10 consecutive trading days, from
October 25, 2012 to November 9, 2012.
EBOD is a fast growing clean energy group in China based in Hong Kong,
providing solar energy products and solutions to the global market under the
EBOD's major shareholder is China Merchants Group, a state-owned conglomerate
in China (http://www.cmhk.com).
For more information, please visit http://www.chinactdc.com
Forward-Looking Statement Disclosure:
It should be noted that certain statements herein which are not historical
facts and statements preceded by "believe," "expect," "anticipate," "foresee,"
"target," "estimate," "designed," "plans," "will" or similar expressions are
forward-looking statements. These statements are based on management's best
assumptions and beliefs in light of the information currently available to it.
Because they involve risks and uncertainties, actual results may differ
materially from the results that the Company currently expects. Factors that
could cause these differences include the risk factors specified on the
Company's annual report on Form 20-F for the year ended December31, 2011
under "Item 3.D Risk Factors." Other unknown or unpredictable factors or
underlying assumptions subsequently proving to be incorrect could cause actual
results to differ materially from those in the forward-looking statements.
The Company does not undertake any obligation to update publicly or revise
forward-looking statements, whether as a result of new information, future
events or otherwise, except to the extent legally required.
Serena Wu, Assistant to President
China Technology Development Group Corporation
Tel: +852 3112 8461
Press spacebar to pause and continue. Press esc to stop.