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.
(Logo:
http://photos.prnewswire.com/prnh/20100603/CNTH016LOGO )
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
operations."
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 future releases via
e-mail alert, visit http://www.tri-tech.cn/ir/info/request.
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 hereof.
For more information, please contact:
Tri-Tech Holding Inc.
www.tri-tech.cn
IR Department
+86 10 57323666
ir@tri-tech.cn
SOURCE Tri-Tech Holding Inc.