Tongxin International Ltd. Inc. Announces Second Quarter and Future Reporting Plans and Clarifies Status as ‘Foreign Private Issuer’ for SEC Reporting Purposes

    NEW YORK and CHANGSHA, China, Aug. 15 /Xinhua-EMWNews/ --

Hunan Tongxin International Ltd. ("Tongxin") ("Company") (Nasdaq: TXIC) a

manufacturer of commercial-truck bodies, SUV passenger vehicle bodies and

stamped body parts, today announced second quarter financial results will

be filed on or before September 15th, 2008.



    As a foreign private issuer, the SEC requires the Company to file its

annual report within six months after the end of its fiscal year and after

its first full year as a public company, to file mid-year financial results

within 60 days from the end of the second quarter. For the reporting year

2008, Tongxin is only required to file its annual report, Form 20-F, on or

before June 30th, 2009.



    For full disclosure purposes and to keep the public informed, the

Company plans to report its financial results each quarter in addition to

its required annual report. In May 2008, the Company reported its first

quarter financial results and filed a corresponding 6-K. The Company plans

to report second quarter financial results on or before September 15th,

2008. A 6-K will be filed and will be accompanied by a press release and a

scheduled earnings conference call. Details of the call will be provided at

a later date. Furthermore, financial results for the third quarter and full

year will occur on or before November 15th, 2008 and March 31st, 2009,

respectively.



    "As a NASDAQ-listed company, the investment community expects this

level of disclosure to make informed investing decisions on our Company,"

commented William Zielke, interim CFO for Tongxin. "We intend to meet this

self-imposed standard on a go-forward basis," Zielke concluded.

    About Tongxin International Ltd.



    Tongxin International Ltd., is the largest independent supplier of EVBS

in China, is capable of providing EVBS for both the commercial truck and

light vehicle market segments, in addition to designing, fabricating and

testing dies used in the manufacturing process. EVBS consists of exterior

body panels including doors, floor pans, hoods, side panels and fenders.



    Forward-looking Statements



    Statements contained in this press release, which are not historical

fact, including the anticipated date of listing of the Class A Common Stock

on the NASDAQ Global Market, constitute "Forward-Looking Statements."

Actual results may differ materially due to numerous important factors that

are described in Tongxin International's most recent report to the SEC on

Form 6-K, which may be revised or supplemented in subsequent reports to the

SEC. Such factors include, among others, the cost and timing of

implementing restructuring actions, the Company's ability to generate cost

savings or manufacturing efficiencies to offset or exceed contractually or

competitively required price reductions or price reductions to obtain new

business, conditions in the automotive industry, and certain global and

regional economic conditions. Tongxin International does not intend or

assume any obligation to update any forward-looking statement to reflect

events or circumstances after the date of this press release.






    Investor Relations Contact:



     John Mattio

     SVP, HC International, Inc.

     Tel:   +1-914-669-5340

     Email: [email protected]