Sino-Global Accepts Bitcoin as Payment
Sino-Global Shipping America (NASDAQ: SINO) announced on March 2, 2021, that it will now accept Bitcoin for its shipping and logistics services. This move aligns with current digital currency trends, allowing customers to utilize various payment options. CEO Lei Cao expressed excitement over this development, emphasizing the importance of adapting to new payment networks. The company, founded in 2001 and headquartered in New York, offers a range of services, including shipping agency and inland transportation management.
- Sino-Global diversifies payment options by accepting Bitcoin, responding to digital currency trends.
- The move may enhance customer convenience and potentially attract new clients interested in cryptocurrency transactions.
- The value of cryptocurrencies, including Bitcoin, may fluctuate significantly, potentially impacting revenue predictability.
- Uncertainty related to COVID-19 may affect operations and demand for services.
ROSLYN, N.Y., March 2, 2021 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global," the "Company" or "We"), a non-asset based global shipping and freight logistical integrated solutions provider, announced today that the Company will now accept Bitcoin as a form of payment for its global shipping, freight, and logistics services. Payments made in Bitcoin will be made at the rate applicable at the payment date.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, commented, "We are thrilled to begin accepting Bitcoin as payment. Sino-Global is adapting to digital currency industry trends by offering our customers options to use a variety of payment methods. Accepting Bitcoin amongst other payment methods will allow our customers and business partners to take advantage of an increasingly important payment network."
About Sino-Global Shipping America, Ltd.
Founded in the United States in 2001, Sino-Global Shipping America, Ltd. is a company engaged in shipping, chartering, logistics and related services. Headquartered in New York, Sino-Global has offices in Los Angeles, Mainland China, Australia, Canada and Hong Kong. The Company's current service offerings consist of shipping agency services, shipping and chartering services, inland transportation management services and ship management services. Additional information about Sino-Global can be found on the Company's corporate website at www.sino-global.net. The Company routinely posts important information on its website.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include timing of the proposed initiative; the business plans, objectives, and expectations of the Company regarding the initiative, and Sino-Global's estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or 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.
The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty about the spread of the COVID-19 virus and the impact it will have on Sino-Global's operations, the demand for Sino-Global's products and services, global supply chains and economic activity in general. In addition, the value of cryptocurrencies may fluctuate significantly over time. These and other risks and uncertainties are detailed in the other public filings with the SEC by Sino-Global.
Additional information concerning these and other factors that may impact our expectations and projections will be found in our periodic filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2020. Sino-Global's SEC filings are available publicly on the SEC's website at www.sec.gov. SINO disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact:
Tina (Tuo) Pan, Acting Chief Financial Officer
1-718-888-1814
tinap@sino-global.com
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SOURCE Sino-Global Shipping America, Ltd.
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