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Wednesday, 12/10/2008 8:34:16 AM

Wednesday, December 10, 2008 8:34:16 AM

Post# of 2594
Nice News out this morning. DIAS just continues on growing and extending its tentacles!!!

Detroit International Auto Salon Signs Strategic Alliance With China International Auto Parts Expo -- Another Success for Wayne County Economic Development's (WCED) Annual China Delegation
Wednesday December 10, 6:00 am ET


ALLEN PARK, MI--(MARKET WIRE)--Dec 10, 2008 -- DIAS Holding, Inc. (OTC BB:DSHL.OB - News) disclosed today the signing of a preliminary strategic alliance agreement between its Detroit International Auto Salon (DIAS) subsidiary and the organizers of the annual China International Auto Parts Expo (CIAPE) that was concluded at Wayne County Delegation's Investment Promotion Seminar in Beijing. "This event was one of the major highlights for our 36-person delegation visiting Shanghai, Wuxi, Chongqing, Changchun and Beijing, where we were greeted by mayors, directors, CEOs of top businesses, and other government officials. This was our fourth annual trade mission," stated Dr. Mulugetta Birru, Director of WCED.


DIAS-CIAPE Strategic Alliance Signing Ceremony --Beijing, China Photo provided by DIAS Holding, Inc.

CIAPE is the largest annual exhibition of China's growing automotive industry businesses, with an estimated 2,500 exhibitors spanning 100,000 square meters showcasing the products and services from the 12 automotive production bases certified by the Chinese government in Changchun, Tianjin, Shanghai, Chongqing, Wuhan, Wuhu, Taizhou, Xiamen, Baoding, Guangzhou, Hefei and Liuzhou. This year, CIAPE was held at the new China International Exhibition Center, capable of handling the +100% expected increase in exhibitors verses 2007.

"CIAPE is sponsored by the Ministry of Commerce," stated Michael Wesney, President of DIAS. "According to their regulations, admittance to CIAPE by China's domestic automotive enterprises is based upon reaching a certain business scale and absence of any record of infringement on intellectual property rights. This is a significant step by the central government to validate the legitimacy of these businesses to the international marketplace," he added.

"Over several months, we established a mutually beneficial model in which our DIAS subsidiary will facilitate networking U.S. companies into the CIAPE organization, and the CIAPE organizers will promote exploring the North American market through DIAS," announced Eric Huang, Chairman & CEO of DIAS Holding, Inc.

http://biz.yahoo.com/iw/081210/0459208.html

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