DIAS Holding, Inc.(fka DSHL)

[di4]

DIAS Holding's Drop in First Quarter Sales Indicative of Automotive Industry Uncertainties
May 21, 2009 11:42:00 AM


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View Additional ProfilesALLEN PARK, Mich., May 21 /PRNewswire-FirstCall/ -- DIAS Holding, Inc. (OTC Bulletin Board: DSHL) announced its first quarter 2009 earnings and sales totaling $1.76 million were significantly impacted by weakness in the North American automobile industry.


Eric Huang, Chairman & CEO, said that discussions with several major customers in the OEM and aftermarket sectors reflect the uncertainty but that positive steps were taken to ensure the delivery of inventory in the U.S. on an extended schedule that will conclude by the end of the year.


In the 10Q report submitted to the Securities & Exchange Commission, the Company reported its First Quarter sales of $1.76 million were just short of Fourth Quarter 2008 sales. In the report, it cites this outlook:


"We believe the North American automotive new car market will be weak throughout 2009, and financial and organizational challenges within the U.S. OEMs remain, causing business uncertainty within the supply chain. Where possible, the Company will continue its effort to enlarge and expand its relations with automotive supplier consortiums and organizations in greater China that will provide attractive sourcing alternatives for both sectors."


"We have adjusted our organization to be leaner, and shifted to an account management team structure, dedicating personnel resources to our senior managers who are based in the U.S. and speak to our customers daily," said Mr. Huang, "This allows us to manage the details of each customer seamlessly during this difficult period. We who have significant experience in this industry also know that difficult periods come to an end and we are looking forward to a brighter future following this period."


About the DIAS Holding, Incorporated:

DIAS Holding, Inc. is a Delaware Corporation servicing the multi-billion dollar industry of providing automotive, trucking, 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, an independent, year-round exhibition center for a multitude of automotive products and components. For more information about DIAS Holding, Inc., please visit www.diasholding.com .


Forward Looking Statement

This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, sales of products and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to execute its business plans, domestically and internationally, to exploit its strategic partnerships, to gain customer and potential customer acceptance of its products, to manage currency and commodity fluctuations and raw material cost increases and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans or projections will be achieved.


For more information, contact:
Paul Knopick
E & E Communications
[phone]
[e-mail]




SOURCE DIAS Holding, Inc.



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Paul Knopick of E & E Communications
[phone]
[e-mail]
for DIAS Holding
Inc.