Tri-Tech Holding Updates the Sales of Land in Baodi, China
BEIJING, Oct. 15, 2013
BEIJING, Oct. 15, 2013 /PRNewswire/ -- Tri-Tech Holding Inc. (Nasdaq: TRIT),
which provides turn-key water resources management, water and wastewater
treatment, industrial safety and pollution control solutions, announced today
that the sale of the company's land in Baodi, China is proceeding on schedule.
Mr. Peter Dong, the CFO of the Company commented, "The sale of our land in
Baodi, China is proceeding smoothly. We have received the first installment,
which we used to pay off our corporate bond and related interest. This will
improve our debt ratios. Future installments will further improve our cash
position. We expect that the balance of the installments will improve our cash
and cash equivalents beyond current levels, subject to adjustments for
About Tri-Tech Holding Inc.
Tri-Tech is an innovative provider of consulting, engineering, procurement,
construction and technical services. The Company supports government, state
owned entities and commercial clients by providing efficiency oriented
solutions focused on treatment of water and waste water, management of water
resources and water-efficient irrigation, as well as industrial emission and
safety controls. With software copyrights, product patents, and capable
employees in China, the U.S. and India, Tri-Tech's capabilities span the cycle
of innovation. Please visit www.tri-tech.cn for more information.
An online investor kit including a company profile, presentations, press
releases, current price quotes, stock charts and other valuable information
for investors is available at http://www.tri-tech.cn/ir. To subscribe to
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This press release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
include references to the delay of and/or successful implementation of the
Indian joint venture and competition for projects related thereto referenced
herein and other statements concerning plans, objectives, goals, strategies,
future events such as project payments, results of marketing efforts or
performance, future government initiatives, expected actions by third parties
and underlying assumptions and other statements that are other than statements
of historical facts. These statements are subject to uncertainties and risks
including, but not limited to, product and service demand and acceptance,
changes in technology, economic conditions, the impact of competition and
pricing, government regulation, and other risks contained in reports filed by
the company with the Securities and Exchange Commission. All such
forward-looking statements, whether written or oral, and whether made by or on
behalf of the company, are expressly qualified by the cautionary statements
and any other cautionary statements which may accompany the forward-looking
statements. In addition, the company disclaims any obligation to update any
forward-looking statements to reflect events or circumstances after the date
For more information, please contact:
Tri-Tech Holding Inc.
+86 10 57323666
SOURCE Tri-Tech Holding Inc.
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