SOURCE: Tongxin International Ltd.

Tongxin International Ltd.

January 04, 2011 16:44 ET

Tongxin International Ltd. Announces the Removal of Rudy Wilson From Its Board of Directors

CHANGSHA, CHINA--(Marketwire - January 4, 2011) - Tongxin International Ltd., (PINKSHEETS: TXIC), a China-based manufacturer of engineered vehicle body structures ("EVBS") and stamped parts for the commercial automotive industry, today announced that pursuant to Section 10.3 and 10.11 of its Amended and Restated Articles of Association, it has removed Rudy Wilson as a member of its Board of Directors, effective December 31, 2010.

About Tongxin International Ltd.
Tongxin International Ltd., the largest independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. The Company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Tongxin International Ltd. maintains a network of over 100 customers throughout 20 provinces in China. Headquartered in Changsha, the Company also maintains regional manufacturing in Dali, Ziyang and Zhucheng.

Forward-Looking Statements
Statements contained in this press release, which are not historical fact, constitute Forward-Looking Statements. Actual results may differ materially due to numerous important factors that are described in Tongxin International Ltd.'s reports to the SEC, which may be revised or supplemented in subsequent reports to the SEC. Such factors include, among others, the cost and timing of implementing restructuring actions, the Company's ability to generate cost savings or manufacturing efficiencies to offset or exceed contractually or competitively required price reductions or price reductions to obtain new business, conditions in the automotive industry, and certain global and regional economic conditions. Tongxin International Ltd. does not intend or assume any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

www.txicint.com

Contact Information

  • CONTACT:
    Investor Relations
    Stanley Wunderlich
    Consulting For Strategic Growth 1, Ltd.
    Tel: 1-800-625-2236 ext. 7770
    Email: Email Contact
    Website: www.cfsg1.com