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Nanjing Delegation Leader Signs Letter of Intent With the Detroit International Auto Salon
Wednesday April 1, 2009, 6:00 am EDT
ALLEN PARK, MI--(MARKET WIRE)--Apr 1, 2009 -- DIAS Holding, Inc. (OTC BB:DSHL.OB - News) announced that the Nanjing Nanqi Import & Export Company, Ltd. of Nanjing, China has signed a letter of intent to exhibit at the Detroit International Auto Salon (DIAS) during their delegation visit earlier in March. "Our company has been looking for a platform in the famous auto city of Detroit. Now, I believe we found the entry point into North America," stated Ms. Xiao-ying Zhang, company president and delegation leader. During the course of this Shandong province delegation's visit they were excited to see the numerous companies from Asia already displayed at the exhibition facility.
"We are excited to have this prominent Chinese company join the many exhibitors from Asia at our auto salon," stated Michael Wesney, President of DIAS. "We look forward to a strong collaborative relationship and displaying their products and capabilities here at DIAS."
The delegation consisted of representatives of various departments from Nanjing's most renowned automotive company, the Nanjing Automotive Company (NAC), owner and producer of the MG Rover brand. NAC employs over 14,000 people and produces 200,000 cars annually under Yuanjin, NAC-Iveco, and NAC-Fiat brands.
Yes, seems it will and if it breaks it this time could move quickly to the 1.50-2 area.
You mean QNTV right, would'nt be suprised if it returned there again after the selling is over. They seem to have some nice contracts in place with top telecom companies.
Well .008 is where this is valued according to their financials; so if those audited financials come out verifying this then there is no reason why it shouldn't get to true valuation of .008 and in a hurry.
Yes, could it be we hear an announcement soon on a major contract with one of these existing large water producers or equipment makers they mention in that news?
Yes great explanation...thank you
Centriforce Reports Successful Conference in Istanbul
Wednesday March 25, 2009, 6:00 am EDT
MIAMI--(BUSINESS WIRE)--Centriforce Technology Corp. (Pink Sheets:CNFO - News) management personnel met with world leaders addressing the world water shortage last week in Istanbul. The company found a high degree of interest in its new desalination technology and has entered into negotiations for initial installations with several major water producers.
“We met with major companies interested in partnering with CNFO to bring more efficient desalination technology to the market quickly,” noted Matthew Schulman, President. “By partnering with a current water producer, we can deliver our desalination process quickly by connecting to existing water infrastructure,” he concluded.
Water companies have profited as world demand has driven water prices higher with industry leaders such as Veolia Environmental [NYSE: VE] and Suez [NYSE: SZE] taking the lead along with equipment makers such as Danaher [NYSE: DHR].
Centriforce Technology expects to deliver a lower-cost, efficient desalination technology to help fill the growing demand for fresh water. Its competitive advantage will be the ability to deliver fresh water at a lower cost than its competitors.
Yes some nice bottoming tails are in from the looks of those latest candles.
Why do you say that buy on QLD at 24.75 would be a long-term holding? Thanks
+75 lol finally
Maybe will start to get some attention soon with the expo coming up and so forth:
http://www.detroitautosalon.com/Visitors/news-view.asp?NID=138.
Allen Park Mayor Welcomes DIAS EXPO 2009 Initiative for April 20 - 24, 2009
Wednesday March 18, 6:00 am ET
ALLEN PARK, MI--(MARKET WIRE)--Mar 18, 2009 -- Mayor Gary Burtka announced yesterday his support for the Detroit International Auto Salon's (subsidiary of DIAS Holding, Inc.) (OTC BB:DSHL.OB - News) EXPO 2009. "We all look forward to a positive message in today's automotive market, and this brings about a great opportunity to have a world class exhibition right here in our back yard, Allen Park, Michigan," stated Mayor Gary Burtka. "I look forward to being here on the opening day -- April 20th."
DIAS is a one-stop exhibition center for the automotive OEM, Tier 1, and 2 suppliers, by helping them to lower the total procurement costs through sourcing from the most elite suppliers globally, and at the most cost and time effective fashion. DIAS is open to the public for retail and wholesale for various items like wheels and tires, GPS, gifts, toys and other auto electronic products. "DIAS aims to be the very first and most innovative auto salon in the world," stated Eric Huang, Chairman and CEO.
The DIAS EXPO, a week-long exposition hosted by DIAS, is inviting suppliers from aftermarket and special equipment manufacturers to Detroit to showcase their products to global consumers. DIAS is also inviting purchasing delegations from around the world. "EXPO 2009 will add a brand new and exciting flair to the many annual DIAS activities," stated Michael Wesney, President of the Detroit International Auto Salon (DIAS). "We will be focusing on automotive aftermarket products and international sourcing, plus informative forums and industry networking for the internationally-minded automotive executive," he concluded.
DIAS EXPO is also inviting purchasing delegation(s) from China. For additional information about the EXPO go to www.detroitautosalon.com/Visitors/news-view.asp?NID=138.
Great volume today....seems like some major accumulation occuring here hmmmm
Centriforce to Meet World Water Leaders in Istanbul
Tuesday March 17, 6:00 am ET
MIAMI--(BUSINESS WIRE)--Centriforce Technology Corp. (Pink Sheets:CNFO - News) announced today that it is meeting world water policy leaders in Istanbul this week during “World Water Forum 5” sponsored by the United Nations. The Company will discuss its new desalination technology with policy makers at the event as it develops targets for the construction of its initial desalination plants.
As the water shortage continues to grow worse worldwide, water prices are rising. Many experts now predict that the world will run out of fresh water before it runs out of oil.
“As a company we are part of an effort to address the world’s water crisis through profitable, low-cost desalination,” noted Matthew Schulman, President. “People cannot live a quality life without fresh water and we expect to be an important part of the solution to this vital human need,” he concluded.
Centriforce Technology expects to deliver a lower-cost, efficient desalination technology to help fill the growing demand for fresh water. It’s competitive advantage will be the ability to deliver fresh water at a lower cost than its competitors.
For more information, visit Centriforce Technology's website at http://www.cnfowater.com.
DOW Futures will Be -40
market still needs alot of unwinding, still alot more room to fall here.
Setting up for the Tuesday selloff?
I see, sounds like a plan.
whats that?
Well fundamentally with that audit it should trade at .008
Looking good, with audit looming anyday now .008 is in sight, not to mention any other positive news that may be released
Yep so this one is next....
Exactly, or hold until pennyland becasue it seems they have some other things planned as well besides the great audit realease. Just a hunch
When audit numbers come out proving current numbers then this should hit .008 or more imo to be valued correctly.
DIAS Holding's AFS Executive Is Highlighted
Wednesday March 11, 6:00 am ET
TAIPEI, TAIWAN--(MARKET WIRE)--Mar 11, 2009 -- This month, DIAS Holding, Inc. (OTC BB:DSHL.OB - News) highlights its Asia Forging Supply (AFS) Company operational executive, a first in a series of informational releases. "We understand that our stakeholders desire more information about the people who run our company," stated Eric Huang, Chairman & CEO of DIAS Holding, Inc. "We plan to routinely introduce our key personnel."
Bieng-tzong "Jack" Jiang is the Vice President for AFS Operations reporting to the DIAS Holding CEO. An eight year veteran of the company, Mr. Jiang arrived after retiring from the Taiwan army where he commanded an armaments manufacturing facility of over 100 technical personnel. "Coming to AFS fit very well because there are many similarities in growing a commercial company to my experience in running primarily a multi-disciplined government plant. Engineering, quality assurance and control, material and sourcing management, and personnel training are key to both types of jobs," Mr. Jiang stated. As a retired colonel, he holds a Bachelor degree in Mechanical Engineering from the prestigious Chung Cheng Institute of Technology in Taiwan and held management positions as chief liaison to General Dynamics in Detroit and Aberdeen Proving Grounds in Maryland during his career with the government, where he honed his English language skills.
"Jack is well respected. From the start, he communicated well with us, and personally gets involved to solve any issues between us," says Tim Seyler, an executive of the Affinia Group, and a major customer for AFS.
Sources knowledgeable about AFS credit Jack for AFS' success. "Jack instituted the program management and QA system that was instrumental in successfully helping our major accounts business," stated Jack Purney, a retired vice president of major accounts for AFS. When asked about his current role, Mr. Jiang stated, "It has been satisfying to successfully grow our sourcing business year-to-year since the beginning of this decade. In a large part this is due to a good mix between our OEM sales and our aftermarket sales. The bulk of our top ten major customers are in the aftermarket segment. As for 2009, my current customers tell me that they will continue to rely on our products, and are planning to have us develop more this year. I am cautiously optimistic about the inroads made with customers in Mexico, Japan, and the Middle East. These should have a positive impact this year," said Mr. Jiang.
With the audit out will hit .008 for sure imo
China's exports plunge again, but car sales rise
Wednesday March 11, 6:47 am ET
By Joe Mcdonald, AP Business Writer
China's exports plunge, but rising auto sales and Japanese machinery orders provide some cheer
BEIJING (AP) -- The decline in China's exports accelerated in February, but Asia's bleak picture was tempered by other news Wednesday of a jump in Chinese auto sales and a smaller-than-expected drop in Japanese machinery orders.
Most Asian stock markets surged after Wall Street staged a massive rally on news that Citigroup is turning a profit, a welcome respite after weeks of gloom -- although many analysts predict the market rebound will be short-lived.
Chinese trade figures highlighted again the region's dependence on Western consumers. Exports in February plunged 25.7 percent from a year earlier, worse than January's 17.5 percent decline, according to customs data. That adds pressure on Beijing to move quickly to carry out a multibilliondollar stimulus package aimed at pumping up the world's third-largest economy.
"Exports will get worse before they get better. We could see contractions of up to 30 percent," said Royal Bank of Scotland economist Ben Simpfendorfer. "I do think the economy will struggle to bounce back."
The collapse in global demand has battered export-driven Asia, forcing employers to slash output and jobs in China, Japan, South Korea and other economies.
China's imports fell by 24.1 percent, less than January's stunning 43 percent plunge but still a blow to its trading partners, especially other Asian nations that supply its export industries with components and raw materials. The commerce minister warned Tuesday the slump is unlikely to end soon, saying trade will be a "grim picture" in coming months.
"The export figure is set to stay in the red so long as the major economies around the world remain in recession," Moody's Economy.com analyst Sherman Chan said in a report.
China's trade surplus narrowed to $4.8 billion in February as exports fell to $64.8 billion and imports dropped to $60 billion. Its politically sensitive trade gaps with the United States and Europe also shrank.
The collapse in global demand for Chinese toys, shoes and other goods has thrown 20 million migrants out of work. Communist leaders worry that more layoffs could spark unrest and are promising to spend heavily to create jobs.
China's 4 trillion yuan ($586 billion) stimulus is meant to reduce reliance on exports by pumping money into the economy through higher spending on public works.
Premier Wen Jiabao announced an official 2009 growth target of 8 percent last week, but private sector economists expect growth as low as 5 percent. That still would be the strongest of any major economy but well below 2008's 9 percent.
"There is no way fiscal stimulus can prop up growth until the second half. The fall in private sector demand is too sharp," said Simpfendorfer.
In a positive sign for China, sales of domestically made vehicles rose 25 percent in February from a year earlier to 827,600 units, following a tax cut on smaller cars, the China Association of Automobile Manufacturers reported.
"The forecast is that the situation in March will be even better than February," an official of the industry group, Xiong Chuanlin, told the official Shanghai Securities News newspaper.
Asian stock markets rallied as investors, desperate for good news, cheered a letter from Citigroup CEO Vikram Pandit saying the bank operated at a profit for the first two months of this year, its best performance since the third quarter of 2007.
Still, analysts say the bounce will likely be temporary amid investor fears that the scope of the region's slump might be bigger than expected.
In Japan, government data showed machinery orders, an indicator of company spending, fell for a fourth month in January, but the 3.2 percent decline was better than the 5.3 percent expected by analysts in a Kyodo News survey.
Orders from non-manufacturers, which include construction and power generation, rose 13.5 percent, while overseas orders plunged 49 percent, the Cabinet Office reported. Orders from manufacturers plunged 27.4 percent.
The Cabinet Office projected a 3.5 percent increase in orders for the January-March quarter compared to the previous three months.
Also Wednesday, China's government said spending on factories and other fixed assets picked up in January and February, rising by 26.5 percent as its stimulus sparked a jump in investments by state companies.
Spending by government companies rose 35.6 percent, the National Bureau of Statistics reported. Overall growth was up from December's 21.9 percent and the full-year 2008 rate of 25.5 percent.
AP Business Writers Elaine Kurtenbach in Shanghai, Tomoko A. Hosaka in Tokyo and Jeremiah Marquez in Hong Kong contributed to this report.
General Administration of Customs of China (in Chinese): http://www.customs.gov.cn
Yes, with audited financials, but with other announcements and momo I think it could.
What are the possibilities this gets into pennyland? I feel that if what you are saying and thinking comes to fruition in the next few weeks it could happen imo.
Waiting on the audit to come shortly. Good risk/reward play here imo.
China sees signs economy might be recovering
Friday March 6, 6:42 am ET
By Joe Mcdonald, AP Business Writer
China sees signs economy might be recovering, says it will determine whether to boost stimulus
BEIJING (AP) -- China sees signs economic growth is recovering but is watching closely to determine whether it needs to expand its huge stimulus effort as global conditions worsen, top economic officials said Friday.
"We have seen some positive signs including recovery of export growth," Zhang Ping, the chairman of the country's planning body, the National Development and Reform Commission, said at a news conference. "It really depends on the changing situation to determine whether we need additional investment."
Zhang and central bank Gov. Zhou Xiaochuan said positive data showed Beijing's policies were working. Zhou repeated Premier Wen Jiabao's statement Thursday at the opening of the legislature that China can achieve 8 percent growth this year as Beijing steps up spending to create jobs and boost exports.
World markets fell Thursday after Wen failed to mention any expansion of the 4 trillion yuan ($586 billion) stimulus plan. Along with worries about the financial health of big U.S. banks and General Motors Corp., that sent the Dow Jones Industrial Average down more than 4 percent. Tokyo stocks were down 3.5 percent in Friday afternoon trade.
Analysts are divided on how quickly China can rebound from the slump that saw growth fall to 6.8 percent in the final quarter of last year from 13 percent in 2007.
Some point to rising bank lending and other indicators and say the decline is already bottoming out. Others expect growth this year to fall as low as 5.6 percent -- the weakest in nearly two decades -- and argue China cannot recover until its Western export markets revive.
Two surveys released this week showed China's manufacturing contracted in February for a fifth month but at a slower rate. Exports fell 17.5 percent in January from a year earlier.
Zhang said China expects to emerge from the crisis more competitive than before.
He said 580 billion yuan ($85 billion) of the stimulus will be spent helping companies improve technology and energy efficiency.
"We are not looking only at immediate difficulties and challenges but also considering how to provide a solid basis for future development," he said. "Having stood the test of this crisis, the quality and competitiveness of the Chinese economy will reach a new high."
Zhang's comments were the most detailed explanation yet of how Beijing plans to spend its stimulus. The package was announced in November but companies and investors have received little information, prompting complaints by China's public and warnings that secrecy would increase the potential for corruption and waste.
The government will spend 370 billion yuan ($54 billion) on roads, power supplies and other rural infrastructure; 1.5 trillion yuan ($219 billion) on highways and railways and 150 billion yuan ($22 billion) on education, health and cultural facilities such as museums, according to Zhang. Some 1 trillion yuan ($145 billion) will go into reconstruction efforts for last year's devastating earthquake.
The stimulus is meant to reduce reliance on exports by boosting domestic consumption.
Zhang said Beijing has assigned 24 teams of auditors to make sure no money is misused or wasted in a system where thousands of officials are punished every year for embezzlement, extortion and other abuses.
"We have not discovered that any money has been misused," Zhang said.
IMGW volume is picking up. Audit is due out shortly according to latest PR's verifying 5M+ in revs.
Yes heavy accumulation going on. Once the loading is done this will rocket. I expect whoever is accumulating is doing it in anticipation of the audit, as I expect a pre-audit run to occur as well.
May need to fill it at .0002, but that will look great once were in pannyland with the audit right around the corner verifying over 5M in revs.
Thats good news as I know many people including myself hate to be bothered calling orders in. This will definately create more interest and volume.
related: China Automotive Systems Expects Record Production at Two Subsidiaries
Thursday March 5, 7:30 am ET
WUHAN, Hubei, China, March 5 /PRNewswire-Asia/ -- China Automotive Systems, Inc. (Nasdaq: CAAS - News), a leading power steering components and systems supplier in China, today announced that its subsidiary, Jingzhou Henglong Automotive Parts Co., Ltd. ("Henglong") plans to have a record monthly production of 85,000 power steering units for passenger vehicles in March 2009, and subsidiary Henglong Wan'an (''WanAn'') matched its record daily production rate of 1,600 units following the Chinese New Year in response to a large number of new orders.
Henglong is focused on the large-scale production of high-quality power steering products. WanAn is focused on manufacturing steering pumps for the Company's customers.
Mr. Qizhou Wu, Chief Executive Officer of China Automotive Systems, stated, "We are beginning to see results from the government stimulus packages targeting the general economy and also the auto industry. Small-engine vehicles with low emissions have been growing particularly fast in early 2009 in response to the incentives in the stimulus for both the urban and rural markets.''
About CAAS
Based in Hubei Province, People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through seven Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers 4 separate series of power steering and 307 models of power steering with an annual production capacity of 1.3 million sets, steering columns, steering oil pumps and steering hoses. Its customer base is comprised of leading Chinese auto manufacturers such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., Brilliance China Automotive Holdings Ltd., Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd., etc. For more information, please visit: http://www.caasauto.com
Yep, with the audit just weeks away though I would say no need to wait a year for pennyland, its right around the corner imo.