BEIJING, April 21, 2014 /PRNewswire/ -- Tri-Tech
Holding Inc. (OTC: TRITF), which provides turn-key water resources
management, water and wastewater treatment, industrial safety and
pollution control solutions, announced today that, on April 14, 2014, Tri-Tech Holding Inc. (the
"Registrant") received a letter (the "Nasdaq Letter") from the
Chief Counsel of The Nasdaq Stock Market ("Nasdaq"), notifying the
Registrant that the Nasdaq Hearings Panel (the "Panel") has
determined to deny the request of the Registrant for continued
listing. Accordingly, the Panel suspended trading of the
Registrant's shares effective as of the open of business on
April 16, 2014. The Registrant's
shares now trade under the symbol "TRITF" on the over the counter
market.
The Panel's determination was based on its affirmation that of
the Nasdaq Staff's exercise of its authority pursuant to Nasdaq
Listing Rules 5101 and 5250(c)(1). Nasdaq Rule 5250(c)(1) relates
to the Registrant's failure to file its annual report on Form 10-K
for the year ended December 31, 2013.
Nasdaq Rule 5101 provides Nasdaq with broad discretionary authority
"in order to maintain the quality of and public confidence in its
market, to prevent fraudulent and manipulative acts and practices,
to promote just and equitable principles of trade, and to protect
investors and the public interest."
The Nasdaq Letter noted that the Registrant may request that the
Nasdaq Listing and Hearing Review Council (the "Council") review
the Panel's decision if the Registrant provides a written request
for review that is received within 15 days from the date of the
Panel's decision. In addition, the Council may determine on its own
motion to review the decision within 45 calendar days after
issuance of the Panel's decision.
About Tri-Tech Holding Inc.
Tri-Tech is an innovative provider of consulting, engineering,
procurement, construction and technical services. The Company
supports government, state owned entities and commercial clients by
providing efficiency oriented solutions focused on treatment of
water and waste water, management of water resources and
water-efficient irrigation, as well as industrial emission and
safety controls. With software copyrights, product patents, and
capable employees in China, the U.S. and India, Tri-Tech's
capabilities span the cycle of innovation. Please visit
www.tri-tech.cn for more information.
An online investor kit including a company profile,
presentations, press releases, current price quotes, stock charts
and other valuable information for investors is available at
www.tri-tech.cn/ir. To subscribe to future releases via e-mail
alert, visit www.tri-tech.cn/ir/info/request
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of
1995. These statements are subject to uncertainties and risks
including, but not limited to, product and service demand and
acceptance, changes in technology, economic conditions, the impact
of competition and pricing, government regulation, and other risks
contained in reports filed by the company with the Securities and
Exchange Commission. All such forward-looking statements, whether
written or oral, and whether made by or on behalf of the company,
are expressly qualified by the cautionary statements and any other
cautionary statements which may accompany the forward-looking
statements. In addition, the company disclaims any obligation to
update any forward-looking statements to reflect events or
circumstances after the date hereof.
For more information, please contact us at:
Tri-Tech Holding Inc.
www.tri-tech.cn
IR Department
+86 10 57323666
ir@tri-tech.cn
Logo - http://photos.prnewswire.com/prnh/20100603/CNTH016LOGO
SOURCE Tri-Tech Holding Inc.