ROTH Capital Partners Completes $20 Million Initial Public Offering for

Trunkbow International (TBOW)


For more information on how
ROTH can help you, please contact:

Investment Banking, China
Byron Roth
Chairman & CEO
(949) 720-5721

Robert Stephenson
Managing Director
(949) 720-5750

Marcus Tan
Managing Director
+86 (21) 6141 5757 ext. 7025

Gary Liu
Vice President
+86 (21) 6141 5757 ext. 7007

Josh Matthew, CFA
Vice President
(949) 720-7104

Equity Capital Markets

Aaron Gurewitz
Head of Equity Capital Markets
(949) 720-5703

Nazan Akdeniz
Senior Vice President
(949) 720-5740

Lou Ellis
Senior Vice President
(949) 720-5739


ROTH Capital Partners

Transaction Information
On February 3rd, 2011, Trunkbow International (TBOW) announced the pricing of an Initial Public Offering of 4,000,000 shares of its common stock at $5.00 per share. The offering of the shares was made pursuant to a registration statement previously filed with the Securities and Exchange Commission. ROTH Capital Partners acted as the sole book-running manager of the offering. The company also granted the underwriters a 45-day option to purchase up to an additional 600,000 shares of common stock to cover over-allotments, if any.

Client Information
Trunkbow International Holdings (TBOW) is an innovative mobile application enabler, focused on providing telecom operators in China, with application platforms on which to offer Mobile Value Added Solutions ("MVAS") and Mobile Payment Solutions ("MPS") to their subscribers. Trunkbow's solutions enable the telecom operators to offer their subscribers access to unique mobile applications, innovative tools and value-added services that create a superior mobile experience, and as a result generate higher average revenue per user and reduce subscriber churn. Since its inception in 2001, Trunkbow has established a proven track record of innovation, and has developed a significant market presence in both the Mobile Value Added and Mobile Payment solutions markets. Trunkbow supplies to all three Chinese mobile telecom operators, as well as re-sellers, in 10 provinces of China. (Source: Company Press Release)

ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on identifying opportunities for institutional investors in U.S.-listed equity securities of companies based in the U.S. and China. Headquartered in Newport Beach, CA, with offices throughout the U.S., Hong Kong and a Shanghai Representative Office, the employee-owned firm provides analytical research, trading, capital raising, and business combination advisory services. ROTH seeks to implement innovative financing strategies to efficiently meet the liquidity and valuation requirements of both its corporate and institutional investor clients.


The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2011