Missed this CHID news yesterday:China Digital Communication Group Targets Acquisitions in the Electronic Power Resource Sector Friday January 13, 8:00 am ET
LOS ANGELES, CA and SHENZHEN, CHINA--(MARKET WIRE)--Jan 13, 2006 -- China Digital Communication Group (OTC BB:CHID.OB - News), one of the fastest growing battery components manufacturers in China, announced today that the Company is seeking potential acquisition opportunities within the electronic power resource sector in both China and the United States. ADVERTISEMENT
Yi Bo Sun, China Digital's Chairman and Chief Executive Officer, stated, "We have an acquisition strategy focused on building our sales, marketing and distribution opportunities in the global electronic power resource industry. In the United States and China, this industry remains highly fragmented and we believe it is now ready for consolidation. With our production facilities in China, we can offer companies the opportunity to significantly grow their business through increased access to capital and research and development. We are focused on those companies that complement our existing competencies, and can be accretive to earnings immediately or within 12 months of joining China Digital."
About China Digital Communication Group
China Digital Communication Group, through its Shenzhen E'Jenie subsidiary, is a rapidly growing manufacturer of battery shells and related technology for use in electronic products, primarily mobile phones. Since December 2003, the Company has adopted the approach of using licenses, joint ventures, mergers and acquisitions to bring battery and telecom equipment makers in China to markets overseas. The Company's products now power digital cameras, camera phones, PDAs and laptop computers in East Asia and beyond. China Digital is continuing its expansion across China, while also seeking distribution partners in the United States. For more information, visit www.chinadigitalgroup.com.
Forward-looking statement: Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future sales. These forward-looking statements may involve a number of risks and uncertainties. Actual results may differ materially based on a number of factors, including, but not limited to, uncertainties in product demand, risks related to doing business in China, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products, and other risk factors detailed in the company's most recent annual report and other filings with the Securities and Exchange Commission.
Contact: For further information, contact: At the Company: China Digital Communication Group Roy Teng 310-461-1322 E-mail: Email Contact http://www.chinadigitalgroup.com