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| [December 03, 2012] |
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Law Offices of Howard G. Smith Announces Investigation of SinoHub, Inc.
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that it is investigating
potential claims against SinoHub, Inc. ("SinoHub" or the "Company") (OTC
Markets:SIHI) concerning possible violations of federal securities laws.
SinoHub, together with its subsidiaries, operates as an electronics
company worldwide offering electronic component sales and services. The
investigation is related to allegations that the Company failed to
implement and maintain adequate internal controls over financial
reporting, resulting in the use of improper accounting procedures and
the overstatement of the Company's financial performance and prospects.
On August 21, 2012 SinoHub issued a press release announcing that it was
unable to file its quarterly report on Form 10-Q for the quarter ended
June 30, 012 within the five-day extended period afforded to it
pursuant to a Notification of Late Filing on Form 12b-25 that the
Company filed with the Securities and Exchange Commission on August 14,
2012. According to the Company, it was unable to timely file its
quarterly report "because of a delay in retrieving information requested
by our auditors to confirm prior period sales associated with our
electronic component sales (ECP) business." In addition, the Company
released preliminary financial results for the quarter ended June 30,
2012 showing a net loss of $2.7 million for the quarter.
If you purchased SinoHub common stock between May 17, 2010 and August
21, 2012, if you have information or would like to learn more about
these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire, of
Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888)
638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.

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