- Strong balance sheet with $3.1 million in cash and working capital of $1.4 million -
Mr. Cao Lei, Sino-Global's Chief Executive Officer, stated "we will continue setting as our first priority increasing the top line growth."
Mr. Cao, continued, "We continue to work on signing additional reciprocal shipping agency agreements in the near future that will result in additional ships and loading ports that use Sino-Global's services and believe that these efforts will result in significant incremental revenues. In addition, we are working to achieve growth in fiscal 2013, supported by our efforts to maintain our current clients, attract new clients and increase in revenues from our agency services to vessels coming to Chinese ports as well as expanding business activities at the loading ports in Australia, Canada, South Africa, Brazil and other countries to which China has major trading activities."
We believe fiscal 2013 results will accelerate over the course of the fiscal year as we maintain and add to our current customer base and benefit from the development of new markets in China and overseas reciprocal agreements."