Symax Lift (Holdings) Co. Ltd. Announces Second Quarter 2014 Financial Results

TORONTO, ONTARIO — (Marketwired) — 11/28/14 — Symax Lift (Holdings) Co. Ltd. (TSX VENTURE: SYL) (“Symax” or the “Company”) announces its financial results for the three-month period ending September 30, 2014.

Highlights

SUMMARY FINANCIAL STATEMENTS

“Benefiting from successful adjustments to the Company–s marketing and selling strategy, a restructured sales team and sales network, Symax–s sales growth has continued in 2014. Sales increased by 7% in the third quarter, although these were lower than expectation due to the slowdown of the Chinese real estate market,” stated Ms. Sabrina Zhang, CEO of Symax “The slowdown is expected to continue into 2015. As a result, we will try to expand sales into overseas markets and reduce our costs so as to deliver better bottom line results as we move forward.”

About Symax Lift Holdings

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.

This news release contains certain statements that may be deemed “forward looking statements”. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company–s management on the date the statements are made. The Company undertakes no obligation to update these forward looking statements, except as required by law, in the event that management–s beliefs, estimates or opinions, or other factors, should change.

Contacts:
Skyone International Securities Corporation
Michael Zheng
416.268.6178

Symax Lift (Holding) Co. Ltd.
Mary Ma
CFO
604.277.6678

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