Sino-Global Announces Cost-cutting Measures

BEIJING, March 30 /PRNewswire-Asia/ -- Sino-Global Shipping America, Ltd.
(Nasdaq: SINO) ("Sino-Global" or the "Company"), a leading,
non-state-owned provider of shipping agency services operating primarily in
China, today announced new cost-cutting measures in response to the weakened
global shipping industry. Specifically, some of the key measures include a:
-- 33% reduction in annualized office rent expense
-- Reduction of staff from 75 as of September 2008 to 52 as of February
2009, resulting in an expected 27% reduction in annualized personnel
expenses

"We are operating in an industry that has been particularly hard-hit by
the global financial crisis," said Mr. Cao Lei, Sino-Global's chief executive
officer. "While we have been successful in continuing to improve our revenues,
our costs in recent quarters have significantly impacted our bottom line. By
reducing such costs with these cost-cutting measures and expanding our
services into relatively low-cost sources of revenue, we believe we can
improve our operating efficiency going forward."
The Company noted that it is considering additional cost-cutting measures
to continue to improve competitiveness in the future.
About Sino-Global Shipping America, Ltd.
Registered in the United States in 2001 and operating primarily in
mainland China, Sino-Global is a leading, non-state-owned provider of
high-quality shipping agency services. With local branches in six of China's
76 ports and contractual arrangements in all those where it does not have
branch offices, Sino-Global is able to offer efficient,
high-quality shipping agency services to shipping companies entering Chinese
ports. With a subsidiary in Perth, Australia, where it has a contractual
relationship with a local shipping agency, Sino-Global provides complete
shipping agent services to companies involved in trades between Chinese and
Australian ports. Sino-Global also operates a subsidiary in Hong Kong, China,
to provide comprehensive shipping agent services to vessels going to and from
one of the world's busiest ports.
Sino-Global provides ship owners, operators and charters with
comprehensive yet customized shipping agency services including intelligence,
planning, real-time analysis and on-the-ground implementation and logistics
support. Sino-Global has achieved both ISO9001 and UKAS certifications.
Forward Looking Statements
No statement made in this press release should be interpreted as an offer
to purchase any security. Such an offer can only be made in accordance with
the Securities Act of 1933, as amended, and applicable state securities laws.
Any statements contained in this release that relate to future plans, events
or performance are forward-looking statements that involve risks and
uncertainties as identified in Sino-Global's filings with the Securities and
Exchange Commission. Actual results, events or performance may differ
materially. Readers are cautioned not to place undo reliance on these forward-
looking statements, which speak only as the date hereof. Specifically, Sino-
Global cannot guarantee that its total revenues will continue to grow or that
its cost-cutting measures will improve operating efficiency or meet the
prospects referenced herein. Sino-Global undertakes no obligation to publicly
release the results of any revisions to these forward-looking statements that
may be made to reflect the events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
For investor and media inquiries, please contact:

Ms. Apple Liang
Sino-Global, Beijing
Tel: +86-10-6439-1888
Email: ir@sino-global.net

Ms. Flora Tian
Ogilvy Financial, Beijing
Tel: +86-10-8520-6524
Email: flora.tian@ogilvy.com

SOURCE Sino-Global Shipping America, Ltd.

Ms. Apple Liang of Sino-Global, Beijing, +86-10-6439-1888, ir@sino-global.net;
or Ms. Flora Tian of Ogilvy Financial, Beijing, +86-10-8520-6524,
flora.tian@ogilvy.com