Symax Lift (Holding) Co. Ltd.

Symax Lift (Holding) Co. Ltd.

September 19, 2011 09:20 ET

Symax Lift (Holding) Co., Ltd. Received C$922,000 Purchase Order

TORONTO, ONTARIO--(Marketwire - Sept. 19, 2011) - Symax Lift (Holding) Co., Ltd. ("Symax") (TSX VENTURE:SYL), a developer and manufacturer of elevators and escalators with a manufacturing base in China, today announced that it received a purchase order for more than 40 units valued at C$922,000 (RMB5.95 million) for a residential property development in Nanyang City, Henan Province. Delivery will be completed by the end of 2011.

"Symax's elevators have proven to be competitive in tier 3 cities in China. This order from Henan again presents the company's ability to offer high quality elevators at competitive prices in these niche markets," 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; 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 customized elevator products.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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