CHANGSHU, China, Nov. 30, 2011 /PRNewswire-Asia-FirstCall/ -- Sutor Technology Group Limited (Nasdaq: SUTR) (the "Company" or "Sutor"), a leading China-based non-state owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, today announced that it participated in the BATIMAT fair in Paris from November 7th to 12th. The fair is one of the world's leading construction exhibitions and held every two years.
During the trade fair, Sutor and its newly developed groove-patterned steel sheet products received recognition by customers from Europe and other regions. A number of local distributors applied to become Sutor's sales agents in the region.
Europe is China's second largest export market primarily for mid to high-end steel products. The Company believed that attending the fair would increase its brand recognition and enhance market expansion of its products.
About Sutor Technology Group LimitedSutor is a leading China-based non-state owned manufacturer and distributor of high end fine finished steel products and welded steel pipes used by a variety of downstream applications. The Company utilizes a variety of in-house developed processes and technologies to convert steel manufactured by third parties into fine finished steel products, including hot-dip galvanized steel, pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe products. These products are used for household appliances, solar waters heaters, automobiles, IT, construction, etc. To learn more about the Company, please visit http://www.sutorcn.com/en/index.php. Forward-Looking Statements This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause our actual results to differ materially from those anticipated, expressed or implied in the forward-looking statements. These risks and uncertainties include, but not limited to, fluctuations and volatility in our stock price; the impact of macroeconomic conditions on customer demand; changes in our financial condition; changes in business opportunities and priorities that could cause us to consider alternative uses of cash; the factors mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended June 30, 2011, and other risks mentioned in our other reports filed with the Securities Exchange Commission (the "SEC"). Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law. For more information, please contact:Mr. Jason Wang, Director of IRSutor Technology Group LimitedTel: +86-512-5268-0988Email: firstname.lastname@example.org SOURCE Sutor Technology Group Limited
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