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Tuesday, 10/21/2008 7:54:18 AM

Tuesday, October 21, 2008 7:54:18 AM

Post# of 2594
Detroit International Auto Salon Opens China Operations Center in Hangzhou
Monday October 20, 4:30 pm ET

ALLEN PARK, MI--(MARKET WIRE)--Oct 20, 2008 -- DIAS Holding, Inc. (OTC BB:DSHL.OB - News)
Detroit International Auto Salon announced today the opening of its China operations center in Hangzhou under the direction of Mr. David Mei, Managing Director. "This is another important step towards our future success," said Mr. Eric Huang, Chairman and CEO of DIAS Holding, Inc., the parent company of the Detroit International Auto Salon.

"There are an increasing number of Chinese auto companies and their suppliers who are eager to bring their products to the international market," stated David Mei. "The Detroit International Auto Salon provides these suppliers with the premier North American outlet to showcase their products, and take the first step in entering the US market. I am eager to build upon the sales partnerships and network that DIAS has already established, and take our cooperative partnership agreements to the next level," said David.

A spokesperson for DIAS stated they anticipate that the China Operation Center will immediately have a staff of 15, led by Mr. David Mei, with three branches located in Wuhan, Ningbo and Chengdu. The company has been able to create synergy with their sister subsidiary, Asia Forging Supply, which sources millions of dollars of automotive, furniture, and transportation equipment parts and components from China to major customers, such as Navistar, TRW, and TREMEC. Both DIAS and AFS (Asia Forging Supply) are affiliates of DIAS Holding.

http://biz.yahoo.com/iw/081020/0444291.html



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