Replies to post #2603 on Sino-Global Shipping America (SINO)

[Atlanta1]

Third Quarter Highlights



Sales in the third quarter of 2017 increased by $1,573,842, or 134.1%, from $1,173,769 for the three months ended March 31, 2016, to $2,747,611 for the comparable period in 2017. The increase was mainly due to:


· The Company’s subsidiary, Trans Pacific Shanghai, began providing container trucking services in the second quarter of fiscal year 2017. In addition to the launch of our full-service logistics platform, Trans Pacific Shanghai signed a service agreement with Shanghai International Port (Group) Co. Ltd., resulting in a significant increase in the subsidiary revenues. Trans Pacific Shanghai’s revenues generated by its container trucking services segment and revenues from freight logistic services increased approximately 167% and 220%, respectively, compared with the previous quarter.


· Pursuant to the Strategic Cooperation Agreement with COSCO Logistics (Americas) Inc. (“COSCO Logistics”), signed in July 2016, starting in the third quarter of fiscal year 2017, the Company’s subsidiary in Los Angeles, California began providing freight logistic services and container trucking services to COSCO Logistics.


· Pursuant to an agreement with signed in December 2016, the Company and Jetta Global Inc. (“Jetta Global”) established ACH Trucking Center Corp. (“ACH Trucking Center”), a joint venture based in New York that provides trucking services. During the third quarter of fiscal year 2017, ACH Trucking Center began providing freight logistic services and conta