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Does Bill from Chattanooga post on this board? Please PM me if so, I have a question.
**DD** - for NEWN valued at $ 5.50 a share. 14.9 million OS
1. Cash and equivalents
$ 9,596,616
2.Total assets
$ 93,320,148
3.Total Liabilities
11,362,283
4. Total stockholders' equity
81,957,865 divided by 14.9 million os = $5.50 A SHARE
5. Revenue for three months september 30
$15,253,381
The utilization of tangible assets, not intangibles, will determine the fate of this Company. And NEWN has plenty of useful tangible assets.
NEWN has put out pro-forma numbers showing income statement and balance sheet configuration as if E'Jenie and NewPower had been sold prior to 2010.
In NEWN's case, intangible assets are such things as Customer Relations, Designs, Proprietary Technology, Land Use Rights, and Patents. Currently, intangible assets at NEWN amount to $11.6 million, pro-forma. These intangible assets are generally amortized over time even though they could be subject to an impairment adjustment as was the case in 2007. NEWN has since been amortizing its intangibles to the accumulated tune of $6.4 million. Since amortization is a normal GAAP function and is not a cash item, the amortization of assets generally do not draw much attention either at NEWN or most other companies.
Pro-forma goodwill at NEWN is $47.3 million. Goodwill is the excess of the purchase price over the fair value of acquisitions. It is not amortized but periodically tested for impairment. If Anytone and Kim Fai perform as hoped for, there may be no reason to ever impair the current goodwill. It could stay on the balance sheet forever. So if one believes the future operations of Anytone and Kim Fai will be positive, one need not concern oneself with the NEWN goodwill. Nevertheless, let's take the worse possible case that could occur at NEWN in regards to goodwill. If the entire $47.3 million were impaired and written off, the book value of NEWN would still be about three times the current stock price. Yes, the income statement per GAAP requirements would show a loss, but since this is not a cash item, it, in itself, would not cost the Company a penny and the "adjusted net income" would show no loss due to the impairment.
We saw a drop in the stock price following the release of Q3 numbers which included the $13.6 million impairment of goodwill associated with E'Genie and NewPower. That impairment certainly contributed to the stock price decline. But this lingering low price may be the result of something else, other than the non-cash impairment charge. Looking at the Q3 numbers, if we back out the three non-cash charges, (stock based compensation; amortization expenses; and impairment), we still had a net loss of $2.4 million. It was this $2.4 million loss from basic operations which, understandably, frightened investors. That loss, was partially the result of the dollar losses at E'Genie and NewPower, and partially from legal costs and remarketing costs associated with the piracy problem at Anytone. But now, E'Genie and NewPower are gone. The piracy difficulties in China are being worked but we don't yet know to what degree that problem is solved. We do hope to see an announcement of a United States sales program for Anytone products which hopefully would be free of pirate activity. Kim Fai, continues to operate profitably. So the Q1, 2012 numbers, which we should see not too long after we see the FY2011 numbers, should show us a much improved earnings flow, and a Company that is worth much more than the current stock price. In any event, and in my opinion, goodwill is not the obstruction to price performance.
I just don't think any stockholder should lose too much sleep over the goodwill on the NEWN balance sheet. Its' impairment, if ever required, would adjust book, but as the $13.6 million impairment of Q3 did not cause one dime to flow out of NEWN headquarters, neither will any future goodwill impairment charge result in any operating costs to the Company.
Just one opinion.
Jan
What about intangibles in their books valued at 60+ million? Their books are out of whack.
Apple growth in China. Morning article:
http://www.appleinsider.com/articles/12/01/30/apple_predicted_to_sell_as_many_as_40m_iphones_on_china_mobile_china_telecom_in_2013.html
Jan
Perhaps it is time to take another look at NEWN. We haven't seen this kind of a stock price since early 2009 and that was way before the acquisition of NewPower (now gone), Anytone and Kim Fai. With the sale of E'Jenie and NewPower, we have a different Company. But is it really worth just $.75 per share? Well, the stock market says so, but maybe not.
I have been making positive comments about NEWN over the last couple of years, and like many of you, have been disappointed by the performance of the Company. But management has faced some incredible difficulties. They have had to deal with the Reverse Merger Trauma, false hit pieces, fraud accusations, product piracy, excessive competition in the battery industry, over production in the solar industry, and a customer law suit. Through it all, they kept the Company in the ballgame. As we emerge from a 2011 we would like to forget, Jack Yu and his people could yet add some real value to the price of this undervalued stock. He has the products, the industry ties, and certainly the huge customer base to make it happen.
We should not forget, that despite the piracy problems in China, the China market for NEWN products is incredibly large. Here are a three recent articles that remind us of the sales growth possibilities in China: (Keep in mind, NEWN already has sales agreements with China Unicom).
http://online.wsj.com/article/SB10001424052702304223804576447963332660164.html?mod=WSJ_hp_LEFTWhatsNewsCollection
http://www.businessweek.com/news/2012-01-25/apple-didn-t-bet-high-enough-on-china-iphone-demand-cook-says.html
http://www.businessweek.com/news/2012-01-10/apple-moves-closer-to-offering-iphone-for-china-telecom.html
Even with the restructuring of the Company and the pirating issue at Anytone, the Company is still projecting profitability for full 2011 (on an adjusted EPS basis) to the tune of about $.45 per share. At a $.75 per share stock price, that equates to a PE of 1.67. That is cheap. Of 94 "U.S. listed China stocks" with positive earnings, only one has a trailing PE of less than 1.67 (per China Analyst).
NEWN will probably not report FY 2011 and Q4 numbers until early to middle March. As mentioned earlier, full year is expected to be profitable even though Q4 will be a small loss. But those numbers will be less important than the corporate guidance for FY 2012. That guidance will tell us how well management has positioned the Company for the future. Q1 could be reported as early as mid May, just one and a half months after FY 2011 is reported. The Q1 numbers should give us our first actual quantitative view of what the new NEWN is all about.
China has been on holiday (like shut down) all this past week so we really couldn't expect any words from NEWN. But they will be back to work soon and investors are waiting to see the results from the NEWN visit to the CES in Vegas. We could be seeing the renewal of an effort to sell backup power supplies to users of Apple products, and others, in the United States. NEWN, back in mid 2010, announced its' intent to launch the MeePower Brand in the U.S., but it did not happen.
But remember the words in the recent news release:
"Mr. Weihe "Jack" Yu, Chairman and CEO of New Energy Systems Group along with New Energy sales staff and agents will be meeting with potential distributors and customers during the three-day trade show event."
We could learn the outcome of those meetings in the next week or two. Apple has an enormous presence in the U.S., and as we know, the backup power systems manufactured by NEWN are certified to be interoperable with Apple's mobile digital devices and can also be used with other (Motorola, Samsung etc.) portable electronics. If NEWN can get Anytone product flowing through the U.S., either using the MeePower brand or local brands for local manufacturers, it could be a game changer, since Anytone could realize a second major revenue stream, and this one would not be encumbered by piracy costs.
It may not take much to move this stock beyond $.75 per share. This is a profitable company with plenty of working capital. There is insider buying. The Company has restructured to eliminate the weaker subsidiaries. As Anytone works to defuse the piracy problems in China, it continues to issue new products, and NEWN may be in the process of launching a U.S. sales effort for Anytone products. Also, we are seeing good news from the solar sector which could benefit Kim Fai:
http://www.businessweek.com/news/2012-01-29/solar-ceos-see-boom-in-china-will-ease-glut-in-2012-energy.html
Maybe, just maybe, with this very low stock price, and a reconfigured Company, NEWN may, over the next couple of quarters, deliver the success story we have long been expecting. And yes the stock price is at $.75. But adding just another $.75, results in a 100% gain.
As always, just one opinion.
Jan
Time to double up. This stock is going to move over the next few weeks, then months!
Check it out pal..seriously! :)
Solid comeback your such a winner. Shell company lol
You see I don't bother putting * on my picks cause am not embarrassed at my plays but, I can see why you would be now LOL. BRZM the pump and dump that bluewave promoted last year and most recently pumped by ****** since you like secrets cause your a dirty little girl lol and PAOS the pump and dump that was alerted Mister X???? HAHAHAHAHAHAHAHAH so you play on alerts??? cause you cant make your own picks??? you need to play pump and dumps??? hahahahahahahahaha your funny. Like a said learn the game little man and then maybe you can play some real companies =). PAOS and BRZM what a joke you make me laugh. Please continue to humor me with the AMAZING picks that you do so much DD on...
A * means another letter genius! PAO* (PAOS!)
BRZ* (BRZM) is a telecommunications company reverse merging with Sierra Desert Holdings shell (BRZM)..Jeesh u can't even DD that! U not the smartest cookie in the jar r u? lol
ooooooooooooooook! lol learn to do math cause its not 3 percent And don't bring up your other so called winners dork this is a MMTC discussion. You want me to bring up my Apple call options and how I made 18k or better my MY play on from 2.11 to 2.70 from Thursday to Friday. LOL you make me laugh. Once again learn to play the small caps and REAL companies and then maybe you will start to get better at this. PAO PowerShares RiverFront?? you made 400 percent last week sure buddy lol the chart shows no possible way you made that even on a 1 year chart HAHAHAH ?? and BRZ a Canadian traded company ?? you made 300 percent ?? ummm how cause its on a down trend since July and no chart is showing a 300 percent gain LOL!!! HAHAHAHAHAH
Good volume yesterday. Likely management buying more shares IMO.
Total amount purchased since management announced they would purchase $1,000,000 worth of shares: $489,762 (as of December 16, 2011)
Approximately $500,000 left to buy, if management keeps its word.
jpsal1983, I definitely agree with you. The financials will come out in a couple of weeks and anyone watching this stock will buy NOW, anticipating a good quarter and expectations for 2012 to be NEWN's best year.
Yes at .80. Am noticing that they are not letting this one pop just yet. It is clear that there is accumulation taking place and according to my charts NEWN will pop either this week or next. Do you agree with me? Also, I agree 100% that the CEO knows something if he is currently holding that many shares at .80 we are solid!
Remember the CEO bought a bunch of stocks in December! You know he had figures from September and October on his table before he bought them. I think he knows something we don't!
Agree with you on that it needs to fill that gap in order to be a real contender but, As a day trader I have been in this stock many times for a nice 7-10% gain. I believe the companies solar division will continue to grow and return better then expected earnings to investors. This day trader has become my long and I remain optimistic.
I wouldn't get too excited just yet.
As much as i'd like to see a rally, this rise doesn't mean anything. It can just as well go down 20% tomorrow. We've all seen it happen dozen of times in the last year.
This stock has to go up 500% just to be at a half decent price, imo.
NEWN starting its run and here we go!
I think the b/o today is the beginning of a run. News was a nice fluff piece but the meat will be in the revenue from the solar products. As they Expo them in Vegas it will be interesting to see how the price reacts. I am guessing we will fill that gap as we get to earnings.
Good day today...You think the .0777 raise on the day is a good omen?
Keep readin those charts! lol
NEWN..higher lows? LMAO it's a POS
Agree on NEWN. Higher lows and I think it will start to trade make above the the 20 days sma. Is there a trend reversal? there is not enought volume to confirm it. Is it forming an uptrend? this could be the start of it. I think we saw the MMs today trying to control it so this week we might have some nice movement. I am holding at .63 and looking for a run above .70.
Good Luck
NEWN doing that higher low and ready to go thing again. I am in at .58; .62 ; .64.
I bought more at about 2 bucks; it went up to 4 bucks and I was expecting it to go higher so didn't take profits then. Oh well we will see four bucks again in the next 90 days, then there is no stopping NEWN. IMO
I am...bag holder since 2.00...
NEWN- I think this week we might see a nice bounce off support. Is anyone playing this stock long?
Newn vs Apple can they upgrade their technology?
I saw this article and was wondering what the rest of the board thinks of this.
[url]http://www.telegraph.co.uk/technology/apple/8975382/Apple-plots-smartphones-powered-by-hydrogen.html[/url
Apple plots smartphones powered by hydrogen
Apple is working on laptops and smartphones powered by hydrogen fuel cells that would last for weeks without needing to be refueled, patent filings have revealed.
In two documents submitted to the US Patent and Trademark Office, the iPhone maker said its proposal “eliminates the need for a bulky and heavy battery”.
A hydrogen fuel cell converts hydrogen and oxygen into water and electrical energy.
The technology has long been touted as a potential power source for cleaner cars. Electronics manufacturers also have shown growing interest in replacing batteries that rely on toxic chemicals with hydrogen fuels cells that would last longer and produce only water as a by-product.
“Our country's continuing reliance on fossil fuels has forced our government to maintain complicated political and military relationships with unstable governments in the Middle East, and has also exposed our coastlines and our citizens to the associated hazards of offshore drilling,” Apple says in its patent filings.
“These problems have led to an increasing awareness and desire on the part of consumers to promote and use renewable energy sources.”
NEWN - gettign ready for that next leg up.
Me as well. Been following and never pulled the trigger.
Thought to get in at $.60, but missed the train. However, maybe another chance is now......
S402005
Great news. This is what we've been waiting for. Of course it is less than the 800,000 dollars he was to repurchase. But then again he's lost money this year too!
We'll see what happens tomorrow. I expect a rise above the buck! Let's get out of this penny stock sinkhole!
guess i was right CEO purchases 238,000 shrs http://finance.yahoo.com/news/New-Energy-Systems-Group-prnews-2648641042.html?x=0
NEWN in the spot lights, let 's see what the week will bring
insert-text-here
Now, NEWN is a clean company without debts.
Low S/O: 14.5 m, while the insiders holding 5 m shares.
maybe he's beginning to load today now that the lawsuit is behind them $800,000 would shoot this to 2 and beyond
Agree Chart looks good and we should see a correction coming soon to fill the gap if more news on the success of the solar division comes out.
Chart looks good, but volume should be better. What level to expect next?
S402005
You are welcome.
Jan
Thanks Jan as always you give us some valuable information, that may otherwise sneak by us. I'll be glad to see NEWN get back to that elusive dollar, so this won't be a penny stock! LOL
Looks like NEWN settled the suit against it getting one more problem out of the way before we get into 2012.
From the 8K filing:
Item 8.01. Other Events
On December 7, Shenzhen NewPower Technology Co., Ltd. (“NewPower”), a subsidiary of New Energy Systems Group (“Company”) entered into a settlement agreement (“Settlement Agreement”) with Shenzhen Zhongte Industry and Trade Co., Ltd. (“SZIT”) resolving the action filed by SZIT in Longgang District People's Court in Shenzhen, China on October 24, 2011. Pursuant to the Settlement Agreement, SZIT shall return certain products it purchased under a sales agreement, dated May 9, 2011 between NewPower and SZIT(“Sales Agreement”). NewPower shall return RMB 9,720,000, the purchase price of the products, to SZIT. In addition, NewPower shall pay RMB 139,205 to SZIT by January 5, 2012. The Sales Agreement shall be terminated immediately and SZIT releases any and all of its claims arising out of the Sales Agreement.
Jan
"The Street" has never been kind to NEWN, with good reason I guess, but I do like one statement of this article...
http://www.thestreet.com/story/11339061/1/new-energy-systems-group-stock-downgraded-newn.html
EXCERPT"
However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
IMO
This is why I am still holding. I believe NEWN is about to turn around and we are about at the bottom!
i think this one will slowly creep up, just IMO
No my mind has not changed. In the long run it will be up 10x next year. But for the day trader its a great time to build stock. Volatility like this is what day traders dream for. We wont see a huge change in price till we see what managment does with there new bussiness modle. From its low the other day its a great sell Today. Tomorrow who knows!
Gee, Ukie, you sure changed your mind fast on this one!
Yesterday, you posted that it was a great day to buy, because NEWN would be up "10x" in the next year!!
Today is a great day to sell. With the europe agremnets falling out once again NEWN will likey tank again next week. So you should build up your stock base well there is High Volatility.
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2010 10-K http://sec.gov/Archives/edgar/data/1144320/000101376211000729/form10k.htm
Company Overview
New Energy Systems Group, headquartered in Shenzhen, is a leading manufacturer of components and accessories for batteries used in cell phones and other mobile devices. New Energy recently expanded its business lines to include battery assembly and finished battery distribution. The company’s new Anytone division also offers a broad spectrum of end-user battery accessories, such as backup power systems for mobile phones, notebook computers, digital cameras, MP4s, PMPs, PDAs, solar and digital applications. Shenzhen NewPower Technology Co., which was acquired in January 2010, brings extensive manufacturing expertise and capabilities to New Energy and is strategically important in enabling vertical integration of the business. New Energy is now a major presence in the Chinese electronics manufacturing market, with over 487 employees and worldwide market reach.
In a country with $4 billion of lithium ion battery sales per year, a growing affluent middle class and an exciting array of innovative mobile devices being introduced into the Chinese market, New Energy is well positioned to grow through its quality product offerings, expanding distribution networks and accretive acquisitions.
The company has set a strategic goal of becoming one of the largest battery manufacturers and distributors in China, with a significant presence in the global markets.
EX-99.1 2 ex991.htm EXHIBIT 99.1
Management Team
New Energy has more than 500 employees and its workforce is led by highly skilled technicians and engineers. The management team and independent directors have extensive experience in the Shenzhen high-technology sector. They are:
Weihe Yu (Chairman)
Mr. Weihe Yu has spent his career in the industrial sector where he has demonstrated his ability to maximize performance, streamline costs and increase sales. Most recently, he was one of the founders and the general manager of Shenzhen Anytone Technology Co., Ltd. After only three years the company became a leader in the mobile power industry with many patents and core technologies. Under his management, Anytone has become a highly recognized brand and the company’s revenue has grown more than 100% annually over the past four years. Prior to Anytone, Mr. Yu was general manager of Shenzhen Four Images Industrial Co., Ltd. whose business is to create protection circuits for lithium ion batteries. During his tenure there, the company’s proprietary products were at the forefront of the industry and widely used by the largest customers of lithium ion batteries. From 1998 to 2000, Mr. Yu served in key management positions at the Yangxin Aluminum Alloy Wheel Co., Ltd, an automobile alloy wheel manufacturer. In his role there, he created a comprehensive marketing management and performance appraisal system that greatly enhanced the performance of the company. Mr. Yu graduated from the Huangshi Institute of Technology in Hubei Province in 1998.
Nian Chen (CEO)
Mr. Nian Chen was previously a vice president and co-founder of the Anytone division acquired in December 2009. His responsibilities at Anytone included oversight of R&D, engineering, production and quality control and purchasing. During his tenure, Anytone grew from a start-up to one of the largest ODM manufacturers of backup power systems for portable electronics in China. Prior to joining Anytone, Mr. Chen served for more than five years as vice president of Shenzhen Vogue Industries Co., Ltd., a manufacturer of portable electronics, where he reduced production costs and achieved annual sales closed to RMB$300M while responsible for production, R&D, engineering and purchasing. Mr. Chen received his MBA from The Management Institute of Hubei Province and his junior college degree from Huangshi Institute of Technology.
Junfeng Chen (CFO)
Junfeng Chen was appointed Interim CFO in early August of 2009. Mr. Chen has worked in New Energy Systems Group since 2005. For the past 3 years, Mr. Chen has been the Chief Financial Officer of the Company's wholly-owned subsidiary Shenzhen E'Jenie Science and Technology Co., Ltd. ("Shenzhen E'Jenie). From March 2005 to January 2006, Mr. Chen served as the assistant of financial manager in Shenzhen E'Jenie. Junfeng Chen majored in Accounting and graduated from Wuhan University in China.
Tao Zhou (Vice-President of New Energy Systems Group)
Mr. Zhou graduated from Nobel Columbine School of Management, France, major in E-commerce and MBA. He has a PHD in Management from the Kennedy Western University of America. Currently he serves as the vice president of Shenzhen Mobile Phone Industrial Association. He has extensive experience in management of investment companies, manufacturing companies and high-tech companies, with a strong background in strategy planning and organization.
From June 2005 to April 2008 he served as the vice president of Shenzhen Bangxin Communication Development Limited, responsible for overseas sales of its communication products (south-east Asia and India Market). He helped their sales increase to 11 million Yuan in the Vietnamese market, and successful established 42 distributors. From July 2003 to July 2005, Mr.Zhou was the General Manager of Ningbo St.Louis Inverter Welding Machine Manufacture Company, where the company reached profits of 930,000 Euros and established a stable supply and distribution system. From October 1998 to June 2001, Mr. Zhou served as the General Manager of Shenzhen City Guangnian Industrial Limited with total operating capital of 100 million RMB.
Shuxian Cui (Director)
Shuxian Cui brings extensive accounting-related business experience to the board, having worked with many large Chinese companies. She has a deep understanding of regulatory compliance and financial accounting rules. For nearly two decades, Cui has worked with clients in Shenzhen primarily in areas related to implementing and maintaining corporate accounting standards and business accounting systems. Prior to working in Shenzhen, Cui held senior finance and accounting positions in Jiangxi Province and Hunan Province. She graduated from Jilin University of Finance and Economics (previously Changchun Taxation College) with a degree in accounting.
Li Liu (Director)
Mr. Li Liu brings over 20 years of senior engineering and business experience having successfully built and managed a variety of companies within the technical design space. Since early 2007, Mr. Liu has served as general manager of Shenzhen Everstar Technology Co., Ltd., with responsibility for technical design of a variety of electronic products including DVDs and LCDTVs and similar products that require PCBA manufacturing. Prior to that, he served as technical director of Shenzhen ASA Industry Co., Ltd., the world’s largest DVD loader manufacturer. Mr. Liu has served for over 16 years in various engineering capacities with electronic device manufacturers. He has been awarded a total five separate patents and is the recipient of other scientific and technical honors. Mr. Liu is an MBA graduate of the Economics and Management School of Wuhan University and has a Bachelor degree of Engineering from Southeast University with a Major in Semiconductor Physics and Devices.
Fushun Li (Director)
Mr. Fushun Li, our former CEO, has a background that spans more than 20 years in various executive roles at equipment manufactures and electronic companies in Shenzhen and Guanzhou. Mi Li was the founder of Shenzhen Kai Bi Te Tech. Co., Ltd. and served as its President from January 2004 to April 2009. The company was an electronic components and 3C electronic products manufacturer that reached revenues in excess of 1 billion RMB under his leadership. Prior to that, from January 2001 to December 2003, Mr. Li was the president of Shenzhen Guanxu Electronics Co., Ltd. Mr. Li graduated from Huangshi Institute of Technology with business management major in September 1985.
Elan Yaish (Director)
Elan Yaish currently serves as president of ERS Associates, Ltd. providing business and financial advisory services to publicly traded and privately held companies. He assists clients with strategic planning, M&A, and SEC reporting and compliance as well as stock exchange transitions. Previously, Mr. Yaish served as the CFO of publicly traded Manchester Technologies, Inc. He began his career at Deloitte & Touche where he served as a senior accountant. Mr. Yaish is a licensed CPA with a BS in Accounting from The Yeshiva University and is a member of the AICPA and NYSSCPA.
Product Information
Battery shells and related components
New Energy produces a wide range of battery shells and related components for leading producers of power sources for wireless phones, PDAs and other devices that have led the mobile digital revolution. Click here to see some of New Energy’s battery shells and related components.
Battery assembly and distribution
Having engaged in the battery business for many years, New Energy has established a strong network among battery companies and gained extensive experience in battery assembly and distribution. The Company distributes a variety of finished battery products. Click here to see some of New Energy’s finished battery products.
Anytone
New Energy’s Anytone division manufactures and sells mobile power resources based on lithium ion batteries for a full spectrum of products, including mobile phones, notebook computers, digital cameras, MP4s, PMPs, PDAs, solar and digital applications. Many of Anytone’s products generate 4-7 times more power than the original OEM battery’s capacity. The company’s power sources support some of the best known products in the world, including Apple’s iPod family of products. Anytone had 7 practical patents and 23 appearance design patents by the State Intellectual Property Office of the People's Republic of China (SIPO). The company is also awaiting approval for its new innovation patent by SIPO. The company has also obtained CE, FCC, 3C, ROHS, UL and other certifications. Click here to see some of New Energy’s finished battery products.
NewPower
New Energy’s NewPower division manufacturers lithium ion batteries for cell phones and other portable devices and has a longstanding reputation for its advanced technology and high quality manufacturing capabilities. NewPower’s products range from low end cell phone batteries to state-of-the-art, high capacity batteries. New Energy’s ability to now produce batteries from beginning to end is expected to result in economies of scale and vertical integration that will streamline costs associated with production. Click here to see some of the NewPower division’s battery products.
New Energy Systems Group is a leading manufacturer and distributor of lithium ion batteries. The Company assembles and distributes finished batteries through its sales network and channel partners. The Company also sells high-quality lithium-ion battery shell and cap products to major lithium-ion battery cell manufacturers in China. The Company's products are used to power mobile phones, MP3 players, laptops, digital cameras, PDAs, camera recorders and other consumer electronic digital devices.
Investor Relations Contact:
David K. Waldman or Klea K. Theoharis
Crescendo Communications, LLC
Telephone: (212) 671-1020
newn@crescendo-ir.com
Contact Information
USA
New York Office
Tel: (917) 573-0302
China
A-3 Xinglian Industrial Zone He Hua Ling,
Pingxin Road, Xin Nan, Ping Hu Town Longgang,
Shenzhen China
Tel: 86-755-6126-8588
Fax: 86-755-6126-8895
Email:info@newenergysystemsgroup.com
Investor Relations:
David K. Waldman or Klea K. Theoharis
Crescendo Communications, LLC
Telephone: (212) 671-1020
Email: newn@crescendo-ir.com
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