DIAS Holding, Inc.(fka DSHL)

[Wildbilly]

DIAS Holding Notes Significant Growth by China in Supplying the World's Auto Manufacturers
0 minutes ago - Pr Newswire

Related Companies
Symbol Last %Chg
DSHL 0.0125 0.00%

As of 12:00 AM ET 6/22/09
DIAS Holding, Inc. (OTC Bulletin Board: DSHL), owner and operator of an 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 (AFS), maintaining a decade long record of success as a one-stop supplier for the auto and other industries, today said it noted with significant interest a recent Wall Street Journal report that said "the stars are aligning for Chinese companies once considered too inexperienced to supply global car makers."

DIAS Holding's subsidiary, AFS, manages outsourced procurement of finished and semi-finished components and sub-assemblies from China and elsewhere in Asia. Its Auto Salon in the heart of North America's auto industry allows Chinese companies to display their abilities and more than 100 manufacturers have already exhibited at the year-round facility. DIAS Holding's sales topped $14.4 million in 2008.

Ms. Tian Ya-mei, Vice President, China Auto Parts and Accessories Corporation, a strategic partner and automotive service provider since 1983, said it will use DIAS Holding's marketing skill, especially in the product areas of braking systems, sensors, electrical assemblies and auto accessories. DIAS Holding maintains a number of strategic agreements with large scale automotive parts organizations and associations in the major automotive manufacturing centers in China.

The Wall Street Journal article said that Chinese auto suppliers, whose products have risen in quality and sophistication, is emerging as the world's No. 1 market for light vehicles. It quoted experts predicting China's car-parts industry will grow to about $350 billion by 2015 and said it expects China to deliver a 5 to 10 percent sales growth this year, displacing Japan as the largest vehicle manufacturer.

The article also said that China's thousands of parts suppliers produce virtually every component including more sophisticated areas such as suspension parts.

"This article, which emphasizes how Chinese operations are poised to increase their share of the business, is excellent proof that DIAS Holding is following a very sound business plan for its future, and for its shareholders," said DIAS Chairman and CEO Eric Huang.

About 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
[phone]
[e-mail]

SOURCE DIAS Holding, Inc.

http://www.diasholding.com