UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 333-147086-01
TONGXIN INTERNATIONAL LTD.
_____________________________________________________________________
(Translation of Registrant's Name into English)
199 Pierce Street,Suite 202
Birmingham, Michigan 48009
_____________________________________________________________________
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T
Rule 101(b)(1): ____
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of a Form 6-K if submitted solely to provide an attached annual report to
security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T
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of a Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the
laws of the jurisdiction in which the registrant is incorporated, domiciled
or legally organized (the registrant's "home country"), or under the rules
of the home country exchange on which the registrant's securities are traded,
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of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes [ ] No [X]
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in connection with Rule 12g3-2(b):
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This form 6-K consists of the following exhibits attahced hereto:
1. Tongxin International Ltd. Provides Preliminary 2009 Revenue
Projections of $121 - $124 Million Guidance for 2010 of
$150 - $160 Million in Revenues
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TONGXIN INTERNATIONAL LTD.
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(Registrant)
By: /s/ Rudy Wilson
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Name: Rudy Wilson
Title: Chairman of the Board
and Chief Executive Officer
/s/ Jackie Chang
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Name: Jackie Chang
Title: Chief Financial and
Accounting Officer
Date: Feb.23, 2010
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EXHIBIT
Exhibit Number Description
1. Tongxin International Ltd. Provides Preliminary 2009 Revenue
Projections of $121 - $124 Million Guidance for 2010 of
$150 - $160 Million in Revenues
=================================================================
Tongxin International Ltd. Provides Preliminary 2009 Revenue
Projections of $121 - $124 Million Guidance for 2010 of
$150 - $160 Million in Revenues
CHANGSHA, China, February 23, 2010 /Xinhua-PRNewswire-FirstCall/ --
Tongxin International Ltd. (NASDAQ: TXIC - News), a China-based
manufacturer of engineered vehicle body structures ("EVBS" or "truck
cabs"), today announced preliminary unaudited revenue between $121 to
$124 million for its fiscal year ended December 31, 2009 and is
introducing guidance between $150 to $160 million in revenue for 2010.
"We were pleased to report strong shipments took place during the
fourth quarter of last year," opened Chairman and CEO, Mr.Rudy Wilson.
"While the fourth quarter in 2008 was one of our most challenging,
2009 benefited by a rebound in the commercial vehicle market in China
and Tongxin's s leading position therein. Complementing our domestic
growth, we also witnessed increased year over-year-orders from our
export market in South East Asia, namely Vietnam," Wilson confirmed.
Tongxin estimates fourth quarter revenues of $29.5 to $32.5 million,
representing 33.5% to 47.1% increase in revenues versus the fourth
quarter of 2008. Management expects to report 2009 revenues of
between $121 and $124 million, representing 23.0% to 26.0% growth
over 2008 revenues of $98.4 million. Tongxin previously released
2009 revenue guidance of $120.0 million and net income of $16.7
million.
2010 Revenue Guidance
Tongxin International is providing revenue guidance of $150 - $160
million for the fiscal year ended December 31, 2010. Guidance
is based on anticipated orders and shipments of the Company's new
medium and heavy-duty cab models, a further increase in market
share, and incremental orders from international customers during
2010.
"Consistent with the continued growth of the commercial vehicle
segment in China, we anticipate Tongxin to achieve growth of
approximately 25% in 2010," began Duanxiang Zhang, CEO of Hunan
Tongxin. "We have recovered completely from the 2008 downturn
and we are set to report record results for 2009. Our 2010 growth
targets are consistent with our Company's goal to outperform the
overall Chinese commercial vehicle market's growth." Zhang
concluded.
About Tongxin International Ltd.
Tongxin International Ltd., the largest independent supplier of
EVBS in China, is capable of providing EVBS for both the commercial
truck and light vehicle market segments. The Company also designs,
fabricates and tests dies used in the vehicle body structure
manufacturing process. EVBS consists of exterior body panels
including doors, floor pans, hoods, side panels and fenders.
Tongxin maintains a network of 130 customers throughout 20
provinces in China. Headquartered in Changsha, Tongxin also
maintains regional manufacturing in Dali, Ziyang and Zhucheng.
For more information, please contact:
COMPANY:
Mr. Rudy Wilson, CEO
Tel: 248-593-8330
Email:rudy@txicint.com
Ms. Jackie Chang, CFO
Tel: 626-660-7117
China:+86-13467553808
Email:jackie@txicint.com
Web: www.txicint.com
INVESTOR RELATIONS:
John Mattio, SVP
HC International, Inc.
Tel: +1-203-616-5144
Email: john.mattio@hcinternational.net
Web: www.hcinternational.net