Symax Lift (Holding) Co. Ltd.
TSX VENTURE : SYL

Symax Lift (Holding) Co. Ltd.

January 10, 2011 09:00 ET

Symax Lift (Holding) Co. Ltd. Signed CAD$820,000 Contract

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2011) - Symax Lift (Holding) Co. Ltd. ("Symax") (TSX VENTURE:SYL), an assembler and manufacturer of elevators and escalators, has entered into a contract with Hebei Longxun Technologies Co, Ltd. ("Longxun") to manufacture 60 elevators, valued at CAD$820,000(RMB5.4million) for the Royal Green Community ("Royal Green"), a environmentally friendly residential development project in the city of Baoding, Hebei Province, China.

Delivery will commence in June, 2011 and be completed by July, 2011.

Royal Green will be composed of 3 residential buildings, 13 high-rise apartment buildings, 4 townhouses and 11 luxury houses.

"We are honored to be the supplier choice on the Royal Green project and look forward to developing a longer term working relationship with Longxun in the months to come," 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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