SYSWIN Inc. (NYSE: SYSW; “SYSWIN” or “the Company”), a leading primary real estate service provider in China, today announced that it plans to release its unaudited financial results for the fourth quarter and full fiscal year ended December 31, 2011 after the US market closes on March 15, 2012. It is expected to be followed by a conference call scheduled on March 16, 2012 at 8:00 am ET. Mr. Liangsheng Chen, CEO and Director, and Mr. Ray Han, CFO of SYSWIN, will host the call.
To participate in the conference call, please dial the following numbers:
|US (Toll free)||+1-866-519-4004|
|Hong Kong (Toll free)||800-930-346|
|China, Domestic Mobile (Toll free)||400-620-8038|
|China, Domestic (Toll free)||800-819-0121|
|Other international locations (Toll)||+65-6723-9381|
An operator will answer your call and please use “SYSWIN” as the verbal passcode to access the call.
Replays of the conference call will be available until March 23, 2012 by dialing the following numbers:
|Hong Kong (Toll)||800-901-596|
|Other international locations (Toll)||+61-2-8235-5000|
A live webcast can also be accessed through the investor relations section of the Company’s website at http://ir.syswin.com.
The Company began focusing on providing primary real estate services in the second half of 2004 and believes it is a leading primary real estate service provider in China. The Company currently has operations in 28 cities throughout China. The Company primarily provides real estate sales agency services to property developers relating to new residential properties with net revenue derived from sales agency services representing 96.8% of the Company's total net revenue in 2010. Capitalizing on the experience and capabilities gained in Beijing, the Company has quickly replicated its success in a number of other markets. The Company focuses on servicing its key clients and tailors its services to meet client demands. As a result, the Company has been successful in generating repeat business and increasing business volume from its major key clients. Of China's top 30 developers (including those that do not use sales agency services), according to China Index Academy, 14 are or have previously been clients of the Company. Clients of the Company include some of the most well-recognized national developers in China, including China Vanke, Longfor Properties, Sino-Ocean Land Holdings, Guangzhou R&F Properties and Gemdale Group.
Cautionary Note About Forward-Looking Statements
This press release contains forward-looking statements based largely on its current expectations and projections about future events and financial trends. Statements that are not historical facts, including statements about beliefs and expectations, are forward-looking statements and are subject to change, and such change may be material and may have a material adverse effect on SYSWIN's financial condition and results of operations for one or more periods. Unless otherwise specified, all information provided in this press release is as of the date of this press release, and SYSWIN does not undertake any obligation to update any such information, except as required under applicable law.