WUXI, China, April 7, 2017 /PRNewswire/ -- Cleantech Solutions
International, Inc. ("Cleantech Solutions" or "the Company")
(NASDAQ: CLNT) today announced that it received a letter from The
NASDAQ Stock Market LLC ("Nasdaq") notifying the Company that it
has regained compliance with the Nasdaq Capital Market's minimum
bid price continued listing requirement. The letter noted
that, as of April 5, 2017, the
Company evidenced a closing bid price of its common stock in excess
of the $1.00 minimum requirement for
the last 10 consecutive trading days. Accordingly, Nasdaq advised
the Company that the Company has regained compliance with Nasdaq
Marketplace Rule 5550(a)(2).
About Cleantech Solutions International
Cleantech Solutions, through its affiliated companies and
subsidiaries, manufactures and sells textile dyeing and finishing
machines and sells forged products and fabricated products to a
range of clean technology customers including high precision forged
rolled rings and related components.
Safe Harbor Statement
This release contains certain "forward-looking statements"
relating to the business of the Company and its subsidiary and
affiliated companies. These forward looking statements are often
identified by the use of forward-looking terminology such as
"believes," "expects" or similar expressions. Such forward looking
statements involve known and unknown risks and uncertainties that
may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
Investors should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on its website, including factors
described in "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in our
Form 10-K for the year ended December 31,
2015 and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in our Form 10-Q for the
quarter ended September 30, 2016 and our Form 12b-25 relating
to our extension of time to file our Form 10-K for the year ended
December 31, 2016 All forward-looking
statements attributable to the Company or to persons acting on its
behalf are expressly qualified in their entirety by these factors
other than as required under the securities laws. The Company does
not assume a duty to update these forward-looking
statements.
Company Contacts:
Cleantech Solutions International,
Inc.
Ryan Hua, Vice President of
Operations
E-mail: ryanhua@cleantechsolutionsinternational.com
+86-510-8339-7559
Web: www.cleantechsolutionsinternational.com
Compass Investor Relations
Elaine Ketchmere, CFA
Email: eketchmere@compass-ir.com
+1-310-528-3031
Web: www.compassinvestorrelations.com
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SOURCE Cleantech Solutions International, Inc.