DIAS Holding, Inc. Successful in Maintaining Revenue Levels for 2008 at AFS
ALLEN PARK, MI -- (Marketwire) -- 02/10/09 -- DIAS Holding, Inc. (OTCBB: DSHL) announced today that preliminary results for 2008 indicate that Asia Forging Supply Co. Ltd ("AFS"), the wholly-owned subsidiary of DIAS Holding, Inc., had revenues that were fairly consistent with 2007 revenues. DIAS Holding reported consolidated sales of almost $14.6 million in 2007. Despite the global down turn in automotive sales in 2008, AFS was successful in maintaining its sales levels. AFS, headquartered in Taiwan, is a one-stop supplier and is represented globally with sales and service locations in over 14 countries and 4 continents. In spite of the weakening automotive market in America, AFS anticipates a growth in sales for 2009.
Sara Wang, CFO of AFS and its parent company DIAS Holding, Inc., stated, "The major part of our sales came from aftermarket auto parts, service parts and the 'tuner' market. Under the current global economic situation, customers will be more likely to buy those parts to maintain their current cars rather than buying a new one."
"We are quite happy and satisfied with our preliminary 2008 sales results in AFS and expect that 2009 sales may increase in spite of the economic recession. We have built up a reputation among our customers for quality and price and we look forward to servicing them in these difficult times," said Eric Huang, Chairman of DIAS Holding, Inc.
About the DIAS Holding, Inc.
DIAS Holding, Inc. ("DIAS," f/k/a JPC Capital Partners) is a Delaware Corporation servicing the multi-billion dollar industry of providing automotive, railway and petroleum industries with raw, finished and assembled components. The company's major subsidiaries include Asia Forging Supply Company, a prime contractor for a network of factories throughout Asia, and the Detroit International Auto Salon, the largest independent, year-round exhibition center for automotive products. For more information about DIAS Holding, Inc., please visit www.diasholding.com.
