Sino International Logistics Company N. V.
SILC N.V. announces entry into new business field and publishes forecast figures for 2008
Sino International Logistic Company N.V. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Maastricht, November 9, 2007 – Sino International Logistic Company N.V. (SILC N.V.), focusing on investments in and the operation of logistics business’ in China, is pleased to announce that it has expanded and started its business activities in the field of aviation services. The company has signed a long-term cooperation agreement with Shanghai Haohai General Aviation Co. Ltd (SHGA), a Chinese aviation company, which owns the only privately held aviation license for Shanghai region which also allows the operation of general aviation services in the entire country. According to the agreement both companies will cooperate to provide pilot transportation services in Shanghai Harbor via aircrafts. With the increasing cargo and container throughput in Chinese harbors, demand for piloting services increases constantly. Thus, time saving and weather independent pilot transportation to ships by helicopter becomes a major issue and plays a crucial role in the management of Chinese harbors. Currently the company (SHGA) owns two fixed-wing aircrafts, one helicopter and intends to lease two further helicopters. SILC N.V.’s Chinese subsidiary and SHGA leases the helicopters via operating lease contracts. SHGA, located in Shanghai and established in 2005, currently has 43 employees. In 2007 the company has signed a letter of intent with Shanghai Port Piloting Station in order to provide piloting services for Shanghai Port, one of the world’s largest ports, and Yangshan deep-water Port, a new port Shanghai capable to handle the largest container ships with a capacity of more than 10,000 TEU. SILC N.V. estimates revenues from aviation services amounting to approximately RMB 50m (~ EUR 5m) in 2008 which includes revenues from piloting services and general aviation services. Accordingly the company estimates an EBIT of approximately RMB 8m (EUR ~ 0,8m) in 2008. In total the management estimates revenues of approximately EUR 9m und a net profit of EUR 2m for the business year 2008. For further information on SILC N.V. please refer to the company’s website www.silcglobal.com or contact our Investor Relations Team directly: Corporate Communication Sino International Logistic Company N.V. Germany T: +49-89-21 11 28-126 F: +49-89-24 41 18-499 E: ir@silcglobal.com About SILC N.V. (Sino International Logistic Company N.V) Sino International Logistic Company N.V. is a Dutch-based holding company that focuses on investments and the operation of logistics business throughout China. The company strives to become a multi-function logistics company by providing a comprehensive logistics services portfolio. 09.11.2007 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Sino International Logistic Company N.V. Kruisdonk 66 6222 PH Maastricht Niederlande Phone: - Fax: - E-mail: kirstin.thon@theascendogroup.com Internet: www.silcglobal.com ISIN: NL0000871044 WKN: A0MR5W Listed: Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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