CHID Engages Hawk Associates for Investor Relations Services
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PRNewswire
5:05 p.m. 03/22/2006
LOS ANGELES and SHENZHEN, China, March 22, 2006 /PRNewswire-FirstCall via COMTEX/ -- China Digital Communication Group (CHID), one of the fastest growing battery components manufacturers in China and an emerging supplier of high-tech products for the telecommunication industry, announced today that it has engaged Hawk Associates Inc. to provide investor relations services.
China Digital Chairman and CEO Changchun Zheng said, "Hawk Associates has an excellent reputation for successfully helping emerging companies credibly tell their stories to the investment community. CEO Frank Hawkins, President Julie Marshall and the Hawk team make sophisticated use of the latest technology and techniques, including the company's two websites and their proprietary e-mail alert system. With their strong relationships developed over the past 11 years on Wall Street, they have been effective in reaching the retail and the institutional communities for their clients. We look forward to working with them."
Frank Hawkins, CEO of Hawk Associates, said, "China Digital is at an important pivot point in its history. The company is known as the strongest and fastest growing battery components maker in China and should have significant market share by the end of the year. That business will continue to generate solid revenue and profit growth. Within the past month, however, the company has announced agreements to acquire two Chinese telecommunications equipment and technology companies that should propel China Digital profitably into the 3G telecommunications space in Asia. Galaxy View International, which owns Sono Digital, has said that Sono produced approximately $6 million in revenue and $2 million in net earnings in 2005. Zhou Tong has said the company produced $5.4 million in 2005 revenue and $1.85 million in net income. The successful closing of these two acquisitions would position China Digital for strong and profitable growth and open further opportunities in the exploding Chinese telecommunications market. The closing of both agreements is pending subject to completion of customary audits, financial due diligence and receipt of normal consents, approvals and opinions."
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