The Seiden Group announces U.S. Shareholders formation of a group to recover investor funds through a possible Receivership over China-based China Linen Textile Industry, Ltd (Ticker: "CTXIF")

NEW YORK, March 21, 2017 /PRNewswire/ -- China Linen Textile Industry, Ltd (Ticker: "CTXIF"), is a Cayman Islands corporation involved in the production and sale of linen yarn and various types of linen fabric and in the consultation, research and development related to linen technology and linen products. CTXIF was de-listed from the NASDAQ in June 2012 after it stopped reporting to the Securities & Exchange Commission ("SEC").

Certain shareholders have spoken with Robert W. Seiden, Esq. in New York to represent a group of shareholders to enforce the rights of the U.S. shareholders for acts detrimental to the investors including failure to report to the SEC in order to get a possible return of capital to the investors.

If you are a current shareholder of CTXIF and interested in information to consider joining in the case, please email Nathaniel Francis at the email: [email protected] or call 212.626.6709 by April 4, 2017. You can also register on the website www.confidentialglobal.com under "Join Receivership Case".

SOURCE The Seiden Group

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