SinoHub Receives RMB 4.15 Million of New Funding from Private Swedish Investor

Company Positions Itself for Leadership in Emerging 3PL and 4PL Markets for Electronic Component Supply Chain Services in PR China

BOSTON, MA (PRWEB) November 7, 2004 -- SinoHub, Inc., a Boston-based holding company whose primary asset is SinoHub Technology Company, LTD of Shenzhen, PR China, today announced that it has successfully completed a RMB 4.15 Million round of funding from Jan Rejbo of Stockholm, Sweden. The company will use the funds to accelerate its growth in the emerging third and fourth party logistics services businesses for electronic components in PR China. Already a leading company in this rapidly growing field, SinoHub will use these funds to propel itself into a dominant position for logistic services related to imports of electronic components into China and for logistics services for electronic components produced inside China.

Latest reports show the volume of electronic components being imported into PR China has crossed the US$ 3 billion per month mark and that the development of new fabrication facilities for electronic components inside China in proceeding very rapidly.

I believe that SinoHubs unique service offerings and software technology will rapidly become synonymous with electronic component logistics services and specialized electronic component software solutions in PR China," said Mr. Rejbo. I am also excited about our prospects to expand our service offerings within the context of SinoHub and through joint ventures."

This commitment from Mr. Rejbo is a testament to the uniqueness of our service offerings, our technology and to the exciting prospects for our company," said Lei Xia, President of SinoHub. We are the first company to fully apply the principles of world-class international 3PL solutions in the electronic component area to Mainland China. For our software solutions, our clean, three-tier, browser-based client architecture, our revolutionary new technology and our focus exclusively on electronic components will clearly differentiate our solutions."

SinoHub Service and Software Solution Offerings
The Integrated Supply Chain service suite provided by Sinohub, SinoHub Electronics Harborä, is tailored to the electronic components business requirements in China. It helps electronic component industry participants reduce inventory costs, shorten purchasing lead-time and solve RMB purchasing and VAT invoicing problems. Our software solutions for electronic component warehouse management and order tracking are ideal for all participants in Chinas burgeoning electronics industry. SinoHub also helps our customers sell their obsolete parts on a sales agent basis.

New Board Member
In addition, Mr. Rejbo will join the SinoHub board of directors, contributing his broad business insight and expertise to the company.

Jan Rejbo brings invaluable business and financial experience to the table," commented Harry Cochran, Chairman. His knowledge base will help guide and strengthen SinoHubs ability to lead the electronic component 3PL and 4PL markets in China."

About SinoHub, Inc.
SinoHub, Inc. was organized in Boston in March of 1999 by veteran entrepreneur Harry Cochran and electronic component industry veteran Lei Xia to facilitate the electronics revolution in China by providing world-class services and software solutions for all participants in the supply chain of electronic components.

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