SORL Auto Parts, Inc. Retains Adam Friedman Associates as Corporate Communications Advisor
NEW YORK--Aug. 1, 20040, 2004--SORL Auto Parts, Inc. (OTC BB:SAUP), a leading Chinese manufacturer of air brake valves and hydraulic brake valves, today announced that Adam Friedman Associates LLC has been hired by the Company to provide corporate communications counsel specifically as it relates to investor and media relations.Xiao Ping Zhang, Chairman and Chief Executive Officer of SORL Auto Parts, Inc., commented, "Our Company already enjoys the largest share of the Chinese brake valve market. As we expand into the international market, we need to articulate our story to a wider and more diverse audience. We selected Adam Friedman Associates to assist us with our communications due to their reputation and proven track record of producing results for their clients. We look forward to an active schedule of meetings with investors and the media in the U.S. to introduce them to our Company. "
Commenting on the news, Adam Friedman, principal said, "We are looking forward to representing SORL in the United States and being a long-term and active partner in their continued success. SORL is a sterling addition to our portfolio of Chinese clients, and we are confident in our ability to assist them in obtaining fair market valuation in the U.S. financial markets."
About SORL Auto Parts, Inc.
SORL Auto Parts, formerly The Ruili Group, was incorporated in the People's Republic of China in 1987 to specialize in the development, production and sale of various kinds of automotive parts. Its headquarters are located in the Ruian District of Wenzhou City, one of the leading automotive parts manufacturing centers of China. It manufactures and distributes automotive air brake valves and hydraulic brake valves in China and internationally for use primarily in vehicles weighing over three tons, such as trucks, vans and buses.
SORL sells its products to forty-two vehicle manufacturers, including all of the truck manufacturers in China, which are divided into three groups: OEMS or automobile manufacturers in China, aftermarket distributors, and international customers, accounting for approximately 56%, 26% and 18%, of annual sales, respectively. The Company maintains long-term relationships with its OEM customers, among them, First Auto Group at 34.3% of SORL's total revenue and Dongfeng Auto Corporation at 10.5%. Both are among the top five largest automobile manufacturers in China. For more information about SORL Auto Parts, Inc., please visit their website, www.sorl-autoparts.com.
About Adam Friedman Associates
Adam Friedman Associates ("AFA") is a leading independent public relations firm headquartered in New York City, specializing in the strategic practice of corporate and investor relations. For more information about Adam Friedman Associates, visit the website www.adam-friedman.com.