DIAS Holding Receives Support From Top Forging Company in China Thursday 06/04/2009 5:00 AM ET - Pr Newswire
Related Companies Symbol Last %Chg DSHL 0.0235 0.00%
As of 12:00 AM ET 6/3/09 DIAS Holding, Inc. (OTC Bulletin Board: DSHL), owner and operator of the Detroit International Auto Salon, with 300,000 square feet of exhibition space for Asian companies to display their abilities as component resources, and Asia Forging Supply, maintaining a decade long record of success as a one-stop supplier for the auto and other industries, today announced that Tri-Ring Forging, the most well known forging company in China, strongly supports DIAS' stated objective to build a major permanent Auto Salon near Detroit Metropolitan Airport.
"DIAS at Detroit Metro Airport is an excellent and innovative idea," said Zhang Yun Jun, Vice President of Sales for Tri-Ring Forging. "We believe DIAS will be very successful and will bring in a good amount of business."
"More than 36 million people fly into and out of the airport annually," Tri-Ring Forging's executive said. "Where there is good traffic, there is good business. The excellent location will guarantee future success."
Mr. Zhang also complimented DIAS "on a very innovative business model. It combines an auto show, auto parts, and a shopping mall for consumers every day of the year, attracting both the professional buyers and engineers and the general public as well."
Tri-Ring Forging annual sales top $100 million and it annually produces 50,000 tons of forging products, including supplying most of the truck OEM businesses in China with steering knuckles. Under the leadership of President Hu Dao Cai, it is looking to double its size by 2011. In its new plant in Hubei Province, Tri-Ring Forging will install a 16-ton hydraulic hammer, the largest in all of Asia.
"We are very pleased by these positive comments by one of China's true stories of accomplishment. Tri-Ring Forging, which is noted for its extreme professionalism, has grown in 20 years from a very tiny firm to an international success," said DIAS Chairman and CEO Eric Huang.
About the DIAS Holding, Inc.:
DIAS Holding, Inc. services 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, the largest independent, year-round exhibition center for automotive products. 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 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 complete the transactions, which remains subject to a due diligence review by both parties, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, 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 will be achieved.
For more information, contact:
Paul Knopick E & E Communications (949) 707-5365 pknopick@eandecommunications.com
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