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DIAS Holding Notes Significant Growth by China in Supplying the World's Auto Manufacturers
0 minutes ago - Pr Newswire
Related Companies
Symbol Last %Chg
DSHL 0.0125 0.00%
As of 12:00 AM ET 6/22/09
DIAS Holding, Inc. (OTC Bulletin Board: DSHL), owner and operator of an International Auto Salon, with 300,000 square feet of exhibition space for Asian companies to display their abilities as component resources, and Asia Forging Supply (AFS), maintaining a decade long record of success as a one-stop supplier for the auto and other industries, today said it noted with significant interest a recent Wall Street Journal report that said "the stars are aligning for Chinese companies once considered too inexperienced to supply global car makers."
DIAS Holding's subsidiary, AFS, manages outsourced procurement of finished and semi-finished components and sub-assemblies from China and elsewhere in Asia. Its Auto Salon in the heart of North America's auto industry allows Chinese companies to display their abilities and more than 100 manufacturers have already exhibited at the year-round facility. DIAS Holding's sales topped $14.4 million in 2008.
Ms. Tian Ya-mei, Vice President, China Auto Parts and Accessories Corporation, a strategic partner and automotive service provider since 1983, said it will use DIAS Holding's marketing skill, especially in the product areas of braking systems, sensors, electrical assemblies and auto accessories. DIAS Holding maintains a number of strategic agreements with large scale automotive parts organizations and associations in the major automotive manufacturing centers in China.
The Wall Street Journal article said that Chinese auto suppliers, whose products have risen in quality and sophistication, is emerging as the world's No. 1 market for light vehicles. It quoted experts predicting China's car-parts industry will grow to about $350 billion by 2015 and said it expects China to deliver a 5 to 10 percent sales growth this year, displacing Japan as the largest vehicle manufacturer.
The article also said that China's thousands of parts suppliers produce virtually every component including more sophisticated areas such as suspension parts.
"This article, which emphasizes how Chinese operations are poised to increase their share of the business, is excellent proof that DIAS Holding is following a very sound business plan for its future, and for its shareholders," said DIAS Chairman and CEO Eric Huang.
About DIAS Holding, Inc.:
DIAS Holding, Inc. services the multi-billion dollar industry of providing automotive, trucking, railway and petroleum industries with raw, finished and assembled components. The Company's major subsidiaries include Asia Forging Supply Company, a prime contractor for a network of factories throughout Asia, and the Detroit International Auto Salon, the largest independent, year-round exhibition center for automotive products. For more information about DIAS Holding, Inc., please visit www.diasholding.com.
Forward-Looking Statement
This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, sales of products and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete the transactions, which remains subject to a due diligence review by both parties, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans will be achieved.
For more information, contact:
Paul Knopick
E & E Communications
(949) 707-5365
pknopick@eandecommunications.com
SOURCE DIAS Holding, Inc.
http://www.diasholding.com
(Looks like Wall Street Journal proofing soundness of DIAS Holding business strategy.)
DIAS Holding Notes Significant Growth by China in Supplying the World's Auto Manufacturers
Press Release
Source: DIAS Holding, Inc.
On Tuesday June 23, 2009, 5:00 am EDT
-- Proof that DIAS Business Strategy is Sound --
ALLEN PARK, Mich., June 23 /PRNewswire-FirstCall/ -- DIAS Holding, Inc. (OTC Bulletin Board: DSHL - News), owner and operator of an International Auto Salon, with 300,000 square feet of exhibition space for Asian companies to display their abilities as component resources, and Asia Forging Supply (AFS), maintaining a decade long record of success as a one-stop supplier for the auto and other industries, today said it noted with significant interest a recent Wall Street Journal report that said "the stars are aligning for Chinese companies once considered too inexperienced to supply global car makers."
DIAS Holding's subsidiary, AFS, manages outsourced procurement of finished and semi-finished components and sub-assemblies from China and elsewhere in Asia. Its Auto Salon in the heart of North America's auto industry allows Chinese companies to display their abilities and more than 100 manufacturers have already exhibited at the year-round facility. DIAS Holding's sales topped $14.4 million in 2008.
Ms. Tian Ya-mei, Vice President, China Auto Parts and Accessories Corporation, a strategic partner and automotive service provider since 1983, said it will use DIAS Holding's marketing skill, especially in the product areas of braking systems, sensors, electrical assemblies and auto accessories. DIAS Holding maintains a number of strategic agreements with large scale automotive parts organizations and associations in the major automotive manufacturing centers in China.
The Wall Street Journal article said that Chinese auto suppliers, whose products have risen in quality and sophistication, is emerging as the world's No. 1 market for light vehicles. It quoted experts predicting China's car-parts industry will grow to about $350 billion by 2015 and said it expects China to deliver a 5 to 10 percent sales growth this year, displacing Japan as the largest vehicle manufacturer.
The article also said that China's thousands of parts suppliers produce virtually every component including more sophisticated areas such as suspension parts.
"This article, which emphasizes how Chinese operations are poised to increase their share of the business, is excellent proof that DIAS Holding is following a very sound business plan for its future, and for its shareholders," said DIAS Chairman and CEO Eric Huang.
About DIAS Holding, Inc.:
DIAS Holding, Inc. services the multi-billion dollar industry of providing automotive, trucking, railway and petroleum industries with raw, finished and assembled components. The Company's major subsidiaries include Asia Forging Supply Company, a prime contractor for a network of factories throughout Asia, and the Detroit International Auto Salon, the largest independent, year-round exhibition center for automotive products. For more information about DIAS Holding, Inc., please visit www.diasholding.com.
Forward-Looking Statement
This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, sales of products and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete the transactions, which remains subject to a due diligence review by both parties, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans will be achieved.
For more information, contact:
Paul Knopick
E & E Communications
(949) 707-5365
pknopick@eandecommunications.com
DIAS Holding, China Auto Parts And Accessory Corporation, Detail Numerous Agreements to Strengthen Their Alliance
0 minutes ago - Pr Newswire
Related Companies
Symbol Last %Chg
DSHL 0.025 0.00%
As of 12:00 AM ET 6/12/09
ALLEN PARK, Mich., June 15 /PRNewswire-FirstCall/ -- DIAS Holding, Inc. (OTC Bulletin Board: DSHL), owner and operator of the Detroit International Auto Salon, with 300,000 square feet of exhibition space for Asian companies to display their abilities as component resources, and Asia Forging Supply, maintaining a decade long record of success as a one-stop supplier for the auto and other industries, today announced it has agreed to update and strengthen its strategic alliance with CAPAC, the China Auto Parts And Accessory Corporation.
The two companies, in recent meetings in China, agreed to:
-- CAPAC will serve as a DIAS sourcing center in China, playing an active
role in assisting DIAS to source more products from China in the
Northern American automobile and other markets.
-- CAPAC also will serve as a marketing and sales arm for DIAS in China,
assisting in the recruitment of more qualified Chinese suppliers to
visit Detroit.
-- Both companies will co-host more activities, including auto parts shows,
professional forums and classic car shows.
-- DIAS will serve as CAPAC's sourcing center in the U.S. for
importing high tech products and services to China. DIAS will also
serve as CAPAC's sales office in America for their qualified auto
parts and accessories, which are used globally.
-- The companies will co-host a prayer breakfast in Detroit on August 15th.
Prayer will focus on the recession in Detroit and elsewhere in the U.S.
and the impact of last May's devastating earthquake in China. Zhou
Ming, one of China's most well known actors, will host the event.
CAPAC is a fully owned subsidiary of the China National Machinery Industry Corporation. It is headquartered in Beijing and more than 100 interlocking auto parts manufacturers are represented by CAPAC. These companies are predominantly located in China's auto parts production base in Guanngzhou, Zhejiang, Jiangsu, Hunan and Hubei provinces and in Beijing.
About the DIAS Holding, Inc.:
DIAS Holding, Inc. services the multi-billion dollar industry of providing automotive, trucking, railway and petroleum industries with raw, finished and assembled components. The Company's major subsidiaries include Asia Forging Supply Company, a prime contractor for a network of factories throughout Asia, and the Detroit International Auto Salon, the largest independent, year-round exhibition center for automotive products. For more information about DIAS Holding, Inc., please visit www.diasholding.com.
Forward-Looking Statement
This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, sales of products and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete the transactions, which remains subject to a due diligence review by both parties, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans will be achieved.
For more information, contact:
Paul Knopick
E & E Communications
(949) 707-5365
pknopick@eandecommunications.com
SOURCE DIAS Holding, Inc.
http://www.diasholding.com
TAIPEI, Taiwan and ALLEN PARK, Mich., June 12, 2009 /PRNewswire-FirstCall via COMTEX/ -- DIAS Holding, Inc.'s (OTC Bulletin Board: DSHL) wholly owned subsidiary, Asia Forging Supply (AFS), headquartered in Taiwan, today announced that it has named two new vice presidents - David Chen and Tamiyuki Higashi. The announcement was made by Chairman and Chief Executive Officer Eric Huang.
Mr. Chen, the new Sales Vice President, had been successfully working in the automotive and motorcycle industries for many years and has significant experience as quality and overseas sales manager for developing parts for motorcycles and vehicle modification. Mr. Chen achieved business relationships for exportation to the United States, Japan and Southeastern Asia. "I will utilize my experience for international sales. This expertise will bring in more business for the Company," stated Mr. Chen. "I am confident that the AFS business model, emphasizing 'One-Stop Shopping' and a 'Total Solution' will provide customers with highest quality of products."
Also named Vice President for the Japanese market is Tamiyuki Higashi, who had been working for AFS as sales manager for that market. Mr. Higashi successfully brought in significant business from Japan relying on his years of experience. "I appreciate the strong support the Company is giving me to further expand our business and look forward to the opportunity," said Mr. Higashi.
"AFS will now be more efficient and effective in conducting its business with these newly promoted vice presidents," said Mr. Huang. "Our new suppliers also will be greatly benefited by the Detroit International Auto Salon, under President Michael Wesney, which will allow these firms to exhibit their products and abilities year-round at our 300,000 square feet of exhibition space."
About the DIAS Holding, Inc.:
DIAS Holding, Inc. services the multi-billion dollar industry of providing automotive, trucking, railway and petroleum industries with raw, finished and assembled components. The Company's major subsidiaries include Asia Forging Supply Company, a prime contractor for a network of factories throughout Asia, and the Detroit International Auto Salon, the largest independent, year-round exhibition center for automotive products. For more information about DIAS Holding, Inc., please visit www.diasholding.com.
Going to speak to the management about the lack of IR awareness and a possible solution. This is a great company, but no one knows about them!
This one moves nicely on little volume; but, unfortunately there is little to no interest in this stock. I am holding almost 2MM shares and will have to wait this one out. Seems like such a great company with good management, but NO VOLUME!
Did nice on PDMI.
GL!
Looking much better and going up on fairly low volume too.
Wonder what's up today?
Looking a little better.
Yes, they certainly look good. The groundwork being done here.
Those are some first rate people added to the Board.
DIAS Holding Names Three to Board of Directors
Jun 5, 2009 3:04:00 PM
Email Story Discuss on ZenoBank
View Additional ProfilesALLEN PARK, Mich., June 5 /PRNewswire-FirstCall/ -- DIAS Holding, Inc. (OTC Bulletin Board: DSHL), owner and operator of the Detroit International Auto Salon, featuring up to 300,000 square feet of exhibition space for Asian companies to display their abilities as component resources, and Asia Forging Supply, with a decade long record of success as a one-stop supplier for the auto and other industries, today announced it has named three new members to its Board of Directors.
They are:
-- Boyd Topham, with more than 30 years experience in the financial
services industry. Mr. Topham, oversaw U.S. multinational accounts for
RBC Royal Bank, Toronto, reengineered the credit assessment and approval
process, setting a worldwide standard for the bank. He headed up
RBC's Taiwan businesses and was subsequently promoted to Vice
President & General Manager of the Bank's Greater China
operations prior to retirement.
-- Wei-Xin Chang, Manager, Powerchip Semiconductor Corporation, has more
than 25 years experience in factory automation. He is noted for his
skill in using Information Technology to improve manufacturing
efficiencies and has received a number of awards for these innovations.
-- Rev. Joseph Tai, Senior Pastor of Christian Assembly in suburban
Chicago, has spent more than 50 years ministering to people in the
Christian faith. He is a leading voice in promoting Christian values in
the commercial market places of North America and Asia and is a noted
mentor who has influenced the lives of thousands, including top
corporate executives.
"We are delighted that we have strengthened our Board with this talented group of men with outstanding financial, technical, business and humanitarian backgrounds," said DIAS Chairman and CEO Eric Huang. "We believe these selections speak well for the future of DIAS Holding."
About the DIAS Holding, Inc.:
DIAS Holding, Inc. services the multi-billion dollar industry of providing automotive, trucking, railway and petroleum industries with raw, finished and assembled components. The Company's major subsidiaries include Asia Forging Supply Company, a prime contractor for a network of factories throughout Asia, and the Detroit International Auto Salon, the largest independent, year-round exhibition center for automotive products. For more information about DIAS Holding, Inc., please visit www.diasholding.com.
Forward-Looking Statement
This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, sales of products and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete the transactions, which remains subject to a due diligence review by both parties, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans will be achieved.
For more information, contact:
Paul Knopick
E & E Communications
(949) 707-5365
pknopick@eandecommunications.com
SOURCE DIAS Holding, Inc.
----------------------------------------------
Paul Knopick of E & E Communications
+1-949-707-5365
pknopick@eandecommunications.com
for DIAS Holding
Inc.
Loads of parts suppliers went down and the sector woes brought this down. From what I can see it looks a lot better than the sector average, so I don't understand why we languish here either.
Nice IBOX BTW.
great cost basis on those! I am in at an average of just under 3 cents, so I have a bit further to go to make some coin here. Not worried though.
I still am in this. It is too cheap to consider selling it. I bought some extra stock a while back AT .007 AND .019
Are you still trading this one?
I have noticed other issues in this sector that are booming and can't figure out why this one is trading so low. For one thing, it needs better IR support. The volume is basically anemic which hurts us right now. Thanks for the tip on NO DILUTION, cuz that is huge!
Also trading XHUA as they have also gone after the PRC auto market. So, it went from basically a buck to where it is today due to the auto crash and is still parked here? Something doesn't make sense to me. Perhaps it is just lack of exposure to the investing community.
Thoughts appreciated.
It was the auto-related smash. Unfortunately, unlike some in the sector, this stock has not recovered yet. They issued no new stock so there has been no dilution.
I am somewhat new to this stock, but noticed the skid from dollar land to where it is today. Do you have the history to explain the drop? Seems like a formidable management team and they actually have revs.
TIA
It's been a bit like that lately - it was like this before the recent spike to .055 as well.
A little action today.
I think it is just that people don't know about it yet. It gets limited mention anywhere that I have seen. It should be very different a year from now.
DIAS Holding Receives Support From Top Forging Company in China
Thursday 06/04/2009 5:00 AM ET - Pr Newswire
Related Companies
Symbol Last %Chg
DSHL 0.0235 0.00%
As of 12:00 AM ET 6/3/09
DIAS Holding, Inc. (OTC Bulletin Board: DSHL), owner and operator of the Detroit International Auto Salon, with 300,000 square feet of exhibition space for Asian companies to display their abilities as component resources, and Asia Forging Supply, maintaining a decade long record of success as a one-stop supplier for the auto and other industries, today announced that Tri-Ring Forging, the most well known forging company in China, strongly supports DIAS' stated objective to build a major permanent Auto Salon near Detroit Metropolitan Airport.
"DIAS at Detroit Metro Airport is an excellent and innovative idea," said Zhang Yun Jun, Vice President of Sales for Tri-Ring Forging. "We believe DIAS will be very successful and will bring in a good amount of business."
"More than 36 million people fly into and out of the airport annually," Tri-Ring Forging's executive said. "Where there is good traffic, there is good business. The excellent location will guarantee future success."
Mr. Zhang also complimented DIAS "on a very innovative business model. It combines an auto show, auto parts, and a shopping mall for consumers every day of the year, attracting both the professional buyers and engineers and the general public as well."
Tri-Ring Forging annual sales top $100 million and it annually produces 50,000 tons of forging products, including supplying most of the truck OEM businesses in China with steering knuckles. Under the leadership of President Hu Dao Cai, it is looking to double its size by 2011. In its new plant in Hubei Province, Tri-Ring Forging will install a 16-ton hydraulic hammer, the largest in all of Asia.
"We are very pleased by these positive comments by one of China's true stories of accomplishment. Tri-Ring Forging, which is noted for its extreme professionalism, has grown in 20 years from a very tiny firm to an international success," said DIAS Chairman and CEO Eric Huang.
About the DIAS Holding, Inc.:
DIAS Holding, Inc. services the multi-billion dollar industry of providing automotive, trucking, railway and petroleum industries with raw, finished and assembled components. The Company's major subsidiaries include Asia Forging Supply Company, a prime contractor for a network of factories throughout Asia, and the Detroit International Auto Salon, the largest independent, year-round exhibition center for automotive products. For more information about DIAS Holding, Inc., please visit www.diasholding.com.
Forward-Looking Statement
This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, sales of products and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete the transactions, which remains subject to a due diligence review by both parties, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans will be achieved.
For more information, contact:
Paul Knopick
E & E Communications
(949) 707-5365
pknopick@eandecommunications.com
SOURCE DIAS Holding, Inc.
http://www.diasholding.com
Why is this so cheap with the auto parts explosion over in China? XHUA is about to explode and I believe this will follow. It needs some exposure and that will send this one North IMO.
It's actually really good news IMO, because it means that the Taiwanese have tied up with a major potential competitor to share in the US market, rather than kill each other on price.
China may have been taking market share from Taiwan for years in terms of lower cost manufacture, but costs within China are rising fast, particularly with many companies going out of business.
Smart move by both to pool their efforts IMO.
DIAS Holding Strengthens Strategic Alliance With Major Chinese Auto Parts Center
May 26, 2009 5:00:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesALLEN PARK, Mich., May 26 /PRNewswire-FirstCall/ -- DIAS Holding, Inc. (OTC Bulletin Board: DSHL), owner and operator of the Detroit International Auto Salon (DIAS), with 300,000 square feet of exhibition space for Asian companies to display their abilities as component resources, and Asia Forging Supply, maintaining a decade long record of success as a one-stop supplier for the auto and other industries, today announced that it has reached agreement with Guangzhou Auto Parts and Accessory Sourcing Center (APAC) in China to upgrade their current strategic alliance.
Similar to DIAS, APAC (www.chinaAPAC.com) is creating a new and successful, technically advanced auto parts sourcing center that assists international buyers to find even the most advanced auto parts and accessories within its planned 5 million square feet facility. Its Chairman, Zhang Ke Qiang, is very well known both as a businessman and a government official. "Through our partnership, we can combine the strength and resources to create a win-win situation and bright future," stated Mr. Zhang.
"The strategic agreement we signed with APAC will help both promote DIAS in China and allow Chinese suppliers to visit Detroit for DIAS' year-long exhibition opportunities. We are combining our strengths and resources to create the most comprehensive offering of Tier 1, 2 and 3 products in the automotive capitals of Detroit & Guangzhou," said Eric Huang, DIAS Holding Chairman and CEO.
"APAC's location in Guangzhou is also vitally important, since it has become the number one production region in China and millions of people attend automotive and auto parts exhibits there," Mr. Huang said. "DIAS will promote APAC in the U.S. and APAC will promote DIAS in China. Our business concepts, strategies and vision are similar and we are confident this collaborative effort will yield significant business for both firms."
About the DIAS Holding, Inc.:
DIAS Holding, Inc. services the multi-billion dollar industry of providing automotive, trucking, railway and petroleum industries with raw, finished and assembled components. The Company's major subsidiaries include Asia Forging Supply Company, a prime contractor for a network of factories throughout Asia, and the Detroit International Auto Salon, the largest independent, year-round exhibition center for automotive products. For more information about DIAS Holding, Inc., please visit www.diasholding.com.
Forward-Looking Statement
This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, sales of products and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete the transactions, which remains subject to a due diligence review by both parties, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans will be achieved.
For more information, contact:
Paul Knopick
E & E Communications
(949) 707-5365
Email Contact
pknopick@eandecommunications.com
SOURCE DIAS Holding, Inc.
----------------------------------------------
Paul Knopick of E & E Communications
+1-949-707-5365
or pknopick@eandecommunications.com
On the road again this week. Keep Me Posted!
:)
DIAS Holding Strengthens Strategic Alliance With Major Chinese Auto Parts Center
Last update: 5/26/2009 5:00:00 AM
ALLEN PARK, Mich., May 26, 2009 /PRNewswire-FirstCall via COMTEX/ -- DIAS Holding, Inc. (DSHL), owner and operator of the Detroit International Auto Salon (DIAS), with 300,000 square feet of exhibition space for Asian companies to display their abilities as component resources, and Asia Forging Supply, maintaining a decade long record of success as a one-stop supplier for the auto and other industries, today announced that it has reached agreement with Guangzhou Auto Parts and Accessory Sourcing Center (APAC) in China to upgrade their current strategic alliance.
Similar to DIAS, APAC () is creating a new and successful, technically advanced auto parts sourcing center that assists international buyers to find even the most advanced auto parts and accessories within its planned 5 million square feet facility. Its Chairman, Zhang Ke Qiang, is very well known both as a businessman and a government official. "Through our partnership, we can combine the strength and resources to create a win-win situation and bright future," stated Mr. Zhang.
"The strategic agreement we signed with APAC will help both promote DIAS in China and allow Chinese suppliers to visit Detroit for DIAS' year-long exhibition opportunities. We are combining our strengths and resources to create the most comprehensive offering of Tier 1, 2 and 3 products in the automotive capitals of Detroit & Guangzhou," said Eric Huang, DIAS Holding Chairman and CEO.
"APAC's location in Guangzhou is also vitally important, since it has become the number one production region in China and millions of people attend automotive and auto parts exhibits there," Mr. Huang said. "DIAS will promote APAC in the U.S. and APAC will promote DIAS in China. Our business concepts, strategies and vision are similar and we are confident this collaborative effort will yield significant business for both firms."
About the DIAS Holding, Inc.:
DIAS Holding, Inc. services the multi-billion dollar industry of providing automotive, trucking, railway and petroleum industries with raw, finished and assembled components. The Company's major subsidiaries include Asia Forging Supply Company, a prime contractor for a network of factories throughout Asia, and the Detroit International Auto Salon, the largest independent, year-round exhibition center for automotive products. For more information about DIAS Holding, Inc., please visit .
Forward-Looking Statement
This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, sales of products and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete the transactions, which remains subject to a due diligence review by both parties, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans will be achieved.
Fair enough continuum - I never thought this would be a quick play - this will probably take months IMO.
I've exchanged email with Patrick Knopick of EandEcommunications, the new PR firm. He is putting together an informational package featuring the value, management, and plans for DIAS Holdings. He is upbeat about the company prospects going forward, but of course he is paid to be.
I sold 62K shares this morning at .025 - .026. My cost average is .031 so it's a minor loss. I am still holding 138K and will give this another month or two to see if they can attract some attention.
GTLA
We broke the wrong way in the end, but at least it's cheaper to add shares now.
DIAS Holding's Drop in First Quarter Sales Indicative of Automotive Industry Uncertainties
May 21, 2009 11:42:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesALLEN PARK, Mich., May 21 /PRNewswire-FirstCall/ -- DIAS Holding, Inc. (OTC Bulletin Board: DSHL) announced its first quarter 2009 earnings and sales totaling $1.76 million were significantly impacted by weakness in the North American automobile industry.
Eric Huang, Chairman & CEO, said that discussions with several major customers in the OEM and aftermarket sectors reflect the uncertainty but that positive steps were taken to ensure the delivery of inventory in the U.S. on an extended schedule that will conclude by the end of the year.
In the 10Q report submitted to the Securities & Exchange Commission, the Company reported its First Quarter sales of $1.76 million were just short of Fourth Quarter 2008 sales. In the report, it cites this outlook:
"We believe the North American automotive new car market will be weak throughout 2009, and financial and organizational challenges within the U.S. OEMs remain, causing business uncertainty within the supply chain. Where possible, the Company will continue its effort to enlarge and expand its relations with automotive supplier consortiums and organizations in greater China that will provide attractive sourcing alternatives for both sectors."
"We have adjusted our organization to be leaner, and shifted to an account management team structure, dedicating personnel resources to our senior managers who are based in the U.S. and speak to our customers daily," said Mr. Huang, "This allows us to manage the details of each customer seamlessly during this difficult period. We who have significant experience in this industry also know that difficult periods come to an end and we are looking forward to a brighter future following this period."
About the DIAS Holding, Incorporated:
DIAS Holding, Inc. is a Delaware Corporation servicing the multi-billion dollar industry of providing automotive, trucking, railway and petroleum industries with raw, finished and assembled components. The company's major subsidiaries include Asia Forging Supply Company, a prime contractor for a network of factories throughout Asia, and the Detroit International Auto Salon, an independent, year-round exhibition center for a multitude of automotive products and components. For more information about DIAS Holding, Inc., please visit www.diasholding.com .
Forward Looking Statement
This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, sales of products and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to execute its business plans, domestically and internationally, to exploit its strategic partnerships, to gain customer and potential customer acceptance of its products, to manage currency and commodity fluctuations and raw material cost increases and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans or projections will be achieved.
For more information, contact:
Paul Knopick
E & E Communications
(949) 707-5365
pknopick@eandecommunications.com
SOURCE DIAS Holding, Inc.
----------------------------------------------
Paul Knopick of E & E Communications
+1-949-707-5365
pknopick@eandecommunications.com
for DIAS Holding
Inc.
All it needed was a little nudge....
It was on thin ice..
Yep, looks like it was a tough Q for them.
I haven't liked the way it was trading for the last couple weeks after the big runnup with no followthrough, too often it appeared to me that the bid was being worked.... some buys at the ask to move the bidders up and then sell into their support.
I've been expecting to see it drop to .02 support area....so have waited and now....
After today 10Q it is looking very long indeed. Can't even get out and break even now with bid at .025. Revenues down 50%.
Form 10-Q just released....
http://biz.yahoo.com/e/090520/dshl.ob10-q.html
Yesterday, I sent an email to the company suggesting they increase their visibility. I did not receive a response to the email but news was just released. It looks like a restating of what we already know but the effort may help.
Back to the no interest section...and long term investment for shareholders.
related: WATG up $1.10 today.. getting near $8 mark
Me too. On the road. Keep me posted.
TIA~
.03 is support. Hoping it's the bottom.
Pinkie, looks like we have a few Profit Takers right now.
No Biggie~
:)
LOL ! Enjoy your Sunday - yard work and putting up shelves for me.
rheddle, Yup! Sleep is Over Rated! LOL!
(...is it Monday yet?)
I am not much for lounging in bed - I might lounge on the sofa instead, but I wake up with the sun ! LOL. Lucky I don't live in Scandinavia in winter ;o)
rheddle, you're up early on a Sunday! MORNING!!!
We'll be back as Arnie might say ! As to a time prediction, I have no idea, but I agree with your thoughts that the price will be a lot higher in the coming months.
sliverbullet said, "This stock is truly a gem waiting to get discovered by the masses!!!!"
That is the Best Statement on this Board!
:)
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Asia Forging Supply Co. |
Detroit International Auto Salon
Business Goals
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Grand Opening Ceremony and Showroom Photos
Componus was incorporated in the U.S. in December 2005 and merged with the Asia Forging Supply (AFS) Company, Ltd., in 2006. in the Fall of 2007 the Detroit International Auto Salon (DIAS) was created to complement the AFS sourcing network with a year-round exhibition & market place for emerging Asia companies desiring branding and presence in North America. DIAS was born through the cooperation with the local Michigan governmentand associations to provide opportunities for U.S. companies to team, partner, or source with these emerging companies. |
Stock Information
Shares Outstanding= 102,000,000 as of March 31, 2009 (Per 10K filed April 21, 2009)
Float = 12.4M shares
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