BEIJING, Nov. 3, 2009 (PRNewswire-Asia) -- Sinotel Technologies, Ltd. (Singapore Exchange: D3W and ADR: SNOXY) ("Sinotel" or "the Company"), an innovator of wireless telecommunications infrastructure and solutions in China, has selected BNY Mellon as the depositary bank for its American Depositary Receipt ("ADR") program. Each Sinotel ADR represents 20 ordinary shares and trades on the over-the-counter (OTC) market under symbol "SNOXY." Additional information of Sinotel's ADR profile can be retrieved on BNY Mellon's website, under http://www.bnymellon.com/dr .
Mr. Li Zhen Yu, CEO of Sinotel, said, "After several months of hard work, this maiden transaction finally marks the successful quoting of our ADRs in the US. We are pleased to participate on this level with US investors and look forward to expanding our investor base in the US."
About Sinotel Technologies Ltd.
Founded in 2002, Sinotel Technologies was listed on the Main Board of the SGX-ST on November 12, 2007. The Company is a wireless telecommunications innovator that provides a wide range of customized applications and solutions across the telecommunication value chain in eight major provinces. Sinotel Technologies services the major telecommunications companies including China Unicom and China Mobile. The Group's key Network Infrastructure Solution is its proprietary multi-carrier wireless system, which enhances customers' wireless telecommunication networks and is compatible with various communication networks such as GSM, CDMA, PHS and WLAN as well as 3G networks such as WCDMA and CDMA2000. The Company's Network Support Solutions can be integrated into existing telecommunication network infrastructure to deploy new and enhanced voice communication services for wireless communication users and manage provision of increasingly popular value-added data services. For more information, please visit its website at http://www.sinotel.com.sg .
About BNY Mellon
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $20.7 trillion in assets under custody and administration, $926 billion in assets under management, services $11.8 trillion in outstanding debt, and processes global payments averaging $1.8 trillion per day. Additional information is available at http://www.bnymellon.com .
For further information, please contact:
Company:
Ben Ng, VP, Corporate Communications
Tel: +65-9168-9988
Email: ben@sinotel.com.sg
Investor Relations:
John Mattio
HC International, Inc.
Tel: +1-914-669-5340 (US)
Email: john.mattio@hcinternational.net
Web: http://www.hcinternational.net
SOURCE Sinotel Technologies, Ltd.
