Sino International Logistics Company N. V.
SILC N.V. enters into multi-party logistics and pretreatment agreement
Sino International Logistic Company N.V. / Contract 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, October 24, 2007 – SILC N.V. is pleased to announce that it has signed a multi-party agreement to provide treatments, logistic and trade services for the following companies: Jinan Iron & Steel Corporation, China Shipping (Group) Company and Shandong Automobile Industry Group. The agreement began effective in July 2007 and has a total duration of five years with an option on the extension of the contract. Jinan Iron & Steel Corporation is a metal producer and products manufacturer (revenues 2006: RMB 26.3 billion; approximately EUR 2.63 billion), which is listed at the Shanghai Stock Exchange. China Shipping (Group) Company (revenues 2006: RMB 30.5 billion; approximately EUR 3.05 billion), a shipping conglomerate that operates across different regions and countries, is one of the key state-owned enterprises under the direct administration of the Central Government. Shandong Automobile Industry Group is a large car manufacturer. According to the agreement, SILC N.V. will be responsible for transportation and logistic services of raw material-steel from Jinan Iron & Steel Corporation to China Shipping (Group) Company and Automobile Industry Group. Moreover, SILC N.V. takes over steel treatment services, e.g. galvanizing, colouring as well as rusty and fireproof treatments. With its access to special railway lines and their newly established shipboard pretreatment center in Shanghai SILC N.V. allows big time and cost savings for all contractual partners. All services are charged dependent on the tons of goods transported with 30 RMB/ton (approximately EUR EUR 3/ton). Correspondingly, SILC N.V. estimates a contribution to the company’s revenues of approximately RMB 25 million per year (EUR 2.5 million) from this agreement. The benefits provided by this contract will greatly improve SILC N.V.’s overall operating system of logistics, processing and storage services and further solidify SILC N.V. foundation for future growth. More information regarding SILC N.V. can be found on the company’s website www.silcglobal.com. For further information please 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 About SILC N.V. (Sino International Logistics Company N.V) Sino International Logistics 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. 24.10.2007 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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