Tri-Tech Holding Inc. (TRITF)

[Milo2]

That changed today with today's news! Good turn of the balance sheet to help leverage their technologies/expertise in a country that direly needs their services!

Look for follow-thru day tomorrow!

GO TRIT!!

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Tri-Tech Holding Updates the Sales of Land in Baodi, China
11:03 AM ET 10/15/13 | PR Newswire

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.

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."