CTGLF -- China Technology Global Corp. Com (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: China Technology Global Corporation Filing 6-K to Report the Company's Shares Purchased by Its Chairman and Chief Executive Officer Dr. Fan
HONG KONG, March 31, 2005 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- China Technology Global Corporation (OTC Bulletin Board: CTGLF; the "Company"), formerly known as DF China Technology Inc., a leading provider of information technology solutions for the logistics and supply chain management industry in China and Hong Kong, filed 6-K to report the shares purchased by its Chairman and Chief Executive Officer Dr. Fan. The Company was advised that Dr. Fan purchased 115,800 shares of the Company's common stock in the market for US$19,410.
To know more about the 6-K filing of the Company, please visit: (Please copy and paste this link into your browser.)
China Technology Global Corporation (http://www.DiChainChinaTech.com), headquartered in Hong Kong, with operational offices located in Shenzhen, China and six other major cities throughout PRC, designs, manufactures and sells customizable software and hardware systems, which integrate GIS (Geographic Information System), GPS (Global Positioning System), as well as Wireless and Web technologies into a proprietary application platform. The Company's subsidiary, DiChain Software, was recognized as one of the leading IT solution providers in logistics and supply chain management in China in 2002 and 2003 by International Data Corporation, a world leading IT consulting firm, and named the ''Best Value Added Reseller'' by its strategic industry partner IBM Corp. in 2003. DiChain Software has strategic alliances with some of the world's largest companies, including IBM, GE, Oracle, Hewlett Packard, ILOG, DELL, Motorola, and China Mobile.
The Company's leading industry position is further leveraged by its relationship to China Merchants DiChain Holdings Ltd, the Company's major shareholder who is a reputable member of China Merchants Group, one of the top 50 national enterprises in the PRC with over $30 billion assets under its management.
In the future, the Company aims to become one of the leading Chinese technology companies by investing its resources into computer, wireless and internet related information technologies.
Forward-Looking Statement Disclosure
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. The Company's actual results could differ from such forward-looking statements. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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