Symax Lift (Holding) Co. Ltd.

Symax Lift (Holding) Co. Ltd.

September 22, 2010 08:00 ET

Symax Lift Holding Co. Ltd. Exporting to Vietnam

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2010) - Symax Lift Holding Co. Ltd. ("Symax" or the "Company") (TSX VENTURE:SYL), an assembler and manufacturer of elevators and escalators, has entered into an agreement with Vietnam Petroleum and Chemical Group ("VPCG") to manufacture and install 4 high speed elevators for the 27 storey Vietnam Twin Towers of Marine Science and Technology Building located in Rong City of Nghe An Province, Vietnam, valued at approximately CAD$200,000. Delivery is expected to be completed in September, 2010. VPCG is one of the largest state owned companies in Vietnam.

"We are extremely pleased to have our products selected by VPCG and to export our elevators to Vietnam for the first time. We look forward to exporting more of our elevators throughout Southeast Asia, in addition to the many European countries Symax already exports to." said Xiaoyan (Sabrina) Zhang, Symax's Chief Executive Officer.

About Symax Lift (Holding) Co. Ltd.

Symax is in the business of the development, manufacturing, and sale of elevators, as well as the provision of after-sales services in China and worldwide. Symax's products and services are classified into two separate offerings: first, a main line of standardized products which include passenger elevators, goods/freight elevators, villa elevators, panorama elevators, hospital elevators, residential and commercial escalators and moving walkways; and, secondly, customized elevator products.

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