SDT Holdings, Inc./ Wuhan General Group (China), Inc. (OTC PINK: WUHN) Announces Corporate Update
January 26 2018 - 1:00PM
InvestorsHub NewsWire
Montreal,Quebec
-- January 26, 2018 -- InvestorsHub
NewsWire -- SDT Holdings, Inc. / Wuhan General Group (China),
Inc.
(OTC
PINK: WUHN) (the "Company").
The
Parent Company announces the following updates and
developments:
-
Former officers and board of directors have stepped down from their
position in the company while simultaneously appointing Ramy
Kamaneh as the new President and CEO of Wuhan General
Group (China), Inc.
- The
custodianship has been discharged and return control to Wuhan
General Group Board of Directors
-
Appointed lawyer firm BOOTH UDALL FULLER to expedite further
transactions
- OTC
filings and corporate profile, FINRA, State of Nevada name change
all in progress
-
Corporate website in development
-
Currently interviewing auditors for compliance and up listing to a
higher market place.
- SDT
Holdings, Inc. is finalizing the RTO transaction with Wuhan General
Group (China), Inc.
The
Company will be announcing in next week's corporate updates and
developments (letter of intent, joint ventures, partnerships,
acquisitions, contracts ...) regarding its subsidiaries.
"We have
engaged the right resources in getting the Company current in a
timely fashion as well as other related transactions. Also, would
like to thank all my team for their effort to build this great
future Nasdaq company as well as for all the interest and support
from our current and prospective investors," stated Ramy Kamaneh,
CEO of SDT Holdings, Inc.
About
SDT
Holdings, Inc. is a Montreal-based industrial technology holding
company that focuses on the development, production and
commercialization of its 4 subsidiaries: Mining Electrification,
Cryptocurrencies/blockchain, Industrial Batteries, Internet of
Things and Artificial Intelligence for the industrial market. We
are dedicated to supplying quality, innovative technologies and
battery solutions for the Transport, Mining, Agricultural,
Industrial and Earthmoving Industries.
SDT Holdings,
Inc.
Publicly
traded company (USOTC
Pink: WUHN)
Website:
www.sdtholdings.com
For
further information contact:
Phone:
(514) 928-7368
E-mail:
info@sdtholdings.com
Safe
Harbour Statement - In addition to historical information, this
press release may contain statements that constitute
forward-looking statements within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements contained in this press release include the intent,
belief, or expectations of the Company and members of its
management team with respect to the Company's future business
operations and the assumptions upon which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future
performance, and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Factors that could cause these
differences include, but are not limited to, failure to complete
anticipated sales under negotiations, lack of revenue growth,
client discontinuances, failure to realize improvements in
performance, efficiency and profitability, and adverse developments
with respect to litigation or increased litigation costs, the
operation or performance of the Company's business units or the
market price of its common stock. Additional factors that would
cause actual results to differ materially from those contemplated
within this press release can also be found on the Company's
website. The Company disclaims any responsibility to update any
forward-looking statements.
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