The Company Also Announces Planned Release of Its 2017 Financial Results by March 30
ALLENTOWN, Pa., March 14, 2018 /PRNewswire/ -- Fuling Global Inc. (NASDAQ: FORK) ("Fuling Global" or the "Company"), a specialized producer and distributor of plastic serviceware, with precision manufacturing facilities in both the U.S. and China, today announced that the Commerce Department of Zhejiang Provincial Government and Zhejiang Outbound Investment Enterprises Association recognized it as one of the "Top 20 Private Enterprises in Overseas Investment to Drive Export" (the "Designation") because of its operation performance.
"Since 2013, Fuling Global has spent over $9 million in building a state-of-the-art manufacturing facility in Allentown, PA, making the Company one of the first movers in Zhejiang Province to build a factory in the U.S.," said Mr. Xinfu Hu, Chief Executive Officer of Fuling Global. "The Designation is a testament to our commitment to making outbound investment and export strategic priorities for the Company."
Additionally, the Company announced today that it plans to release its 2017 financial results and file its annual report on the Form 20-F by March 30, 2018.
About Fuling Global Inc.
Fuling Global Inc. ("Fuling Global") is a specialized producer and distributor of plastic serviceware, with precision manufacturing facilities in both the U.S. and China. The Company's plastic serviceware products include disposable cutlery, drinking straws, cups, plates and other plastic products and are used by more than one hundred customers primarily from the U.S. and Europe, including Subway, Wendy's, Burger King, Taco Bell, KFC (China only), Walmart, and McKesson. More information about the Company can be found at: http://ir.fulingglobal.com/.
This press release contains information about Fuling Global's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its application of IPO proceeds, its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of software and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Fuling Global encourages you to review other factors that may affect its future results in Fuling Global's registration statement and in its other filings with the Securities and Exchange Commission.
For more information, please contact:
Tony Tian, CFA
Weitian Group LLC