WENZHOU, China, Dec. 28,
2023 /PRNewswire/ -- ZK International
Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK
International" or the "Company"), a pioneer in stainless-steel
innovation and technology, is pleased to share a corporate update
highlighting recent developments and the launch of its new
website.
Website Launch and Rebranding: A Digital
Transformation
In a move to provide a more engaging and informative experience,
ZK International proudly unveils its redesigned website. This
visually stunning and user-friendly platform showcases our core
businesses, diverse product portfolio, highlights key projects, and
serves as a dynamic hub for the latest industry insights on the
Company. Explore the revamped website at
www.zkinternationalgroup.com.
"Our enhanced website is a reflection of our dedication to
transparency and accessibility," said Mr. Jiancong Huang, Chairman at ZK International.
"It's not just a digital facelift; it's a strategic tool for
fostering connections with our stakeholders."
Securing Contracts: Fortifying Our Market Presence
ZK International recently achieved a significant milestone by
securing a $8 million bid in
collaboration with Chongqing Gas Group. This success is a testament
to our commitment to excellence, quality, and customer
satisfaction, reinforcing our competitive edge in the Western China
Gas Market.
"We are excited about the momentum we are building in the market
and are grateful for the trust our partners place in us," added
Chairman Huang. "This successful bid is a significant step in our
strategic growth plan and highlights our dedication to delivering
outstanding solutions to our clients."
$5 Million Financing: Fueling
Future Expansion
In a move to capitalize on our market momentum, ZK International
has successfully closed a $5 million
financing above the market. This strategic funding positions the
Company for accelerated growth and international expansion, further
solidifying our position as an industry leader.
"This financing round is a testament to the confidence investors
have in ZK International's vision and growth trajectory," noted Mr.
Jiancong Huang. "We are
strategically leveraging this capital injection to fuel our
expansion plans both domestically and internationally and enhance
our capabilities on a global scale."
ZK International remains steadfast in its commitment to
sustainability, innovation, and meeting the evolving needs of the
industries we serve. We look forward to a future filled with
exciting opportunities, continued growth, groundbreaking
achievements, and increasing shareholder value.
Nasdaq Compliance
In addition, ZK International Group Co., Ltd. is pleased to
announce that it is Nasdaq compliant, having successfully resolved
the bid price deficiency concern. The Nasdaq Listing Qualifications
staff has confirmed the company's compliance with all applicable
listing standards. The company expresses gratitude to Donohoe
Advisory Associates LLC for their professionalism and expertise in
guiding us through this matter.
Mr. Jiancong Huang, Chairman of
ZK International Group, stated, "We are thrilled to announce these
positive developments as we continue to strengthen our position in
the stainless steel industry. The launch of our new website
reflects our commitment to providing a seamless and informative
experience for our stakeholders. Our planned expansion into
international markets is a testament to our dedication to meeting
the growing global demand for high-quality stainless steel products
and sustainable infrastructure solutions."
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based
engineering company building and investing in innovative
technologies for the modern world. With a focus on designing and
implementing next-generation solutions through industrial,
environmental and software engineering, ZKIN owns 46 patents,
46 trademarks, 5 Software Copyrights, 2 National Innovation Fund
Awards, and 41 National and Industry Standard Awards.
ZKIN's core business is to engineer and manufacture patented
high-performance stainless steel and carbon steel pipe products
that effectively deliver high quality, highly sustainable and
environmentally sound drinkable water to the Chinese, Asia and European markets. ZK
International is Quality Management System Certified (ISO9001),
Environmental Management System Certified (ISO1401), and a National
Industrial Stainless Steel Production Licensee. It has
supplied stainless steel pipelines for over 2,000 projects, which
include the Beijing National Airport, the "Water Cube" and "Bird's
Nest", which were venues for the 2008 Beijing Olympics. ZK
International is preparing to capitalize on the $850 Billion
commitment made by the Chinese Government to improve the quality of
water, which has been stated to be 70% unfit for human contact.
For more information please
visit www.ZKInternationalGroup.com. Additionally,
please follow the Company
on Twitter, Facebook, YouTube,
and Weibo. For further information on the Company's SEC
filings please visit www.sec.gov.
Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. Without limiting the generality of the foregoing, words
such as "may," "will," "expect," "believe," "anticipate," "intend,"
"could," "estimate" or "continue" or the negative or other
variations thereof or comparable terminology are intended to
identify forward-looking statements. In addition, any statements
that refer to expectations, projections or other characterizations
of future events or circumstances are forward-looking statements.
These forward-looking statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict and many of which are
beyond the control of ZK International. Actual results may
differ from those projected in the forward-looking statements due
to risks and uncertainties, as well as other risk factors that are
included in the Company's filings with the U.S. Securities and
Exchange Commission. Although ZK International believes that
the assumptions underlying the forward-looking statements are
reasonable, any of the assumptions could prove inaccurate and,
therefore, there can be no assurance that the results contemplated
in forward-looking statements will be realized. In light of
the significant uncertainties inherent in the forward-looking
information included herein, the inclusion of such information
should not be regarded as a representation by ZK International or
any other person that their objectives or plans will be achieved.
ZK International does not undertake any obligation to revise the
forward-looking statements contained herein to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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SOURCE ZK International Group Co., Ltd.