Message #23 From:
NewsBot Date: May 2, 2005 08:19:05 PM
CHID China Digital Announces New Contract for $2.36 Million Us Dollars
China Digital Announces New Contract for $2.36 Million Us Dollars
SHENZHEN, CHINA and LOS ANGELES, CA - MARKET WIRE - 04/22/05
China Digital Communication Group (OTC BB: CHID), one of the fastest growing battery component production companies in China, announces it has entered into a contract with Gao Yi Electronics Co., Ltd. for the delivery of battery shells. The purchase price for the products is approximately $2.36 million US dollars.
Yi Bo Sun, China Digital's Chairman and CEO, commented, "We wish to emphasize that management sees no business reason for the unusual activity in our stock which occurred yesterday. We are fully on track with our guidance and the contract with Gao Yi is evidence of the execution of our current business plan."
The company is currently restructuring its communication channels in order to be more directly available to its shareholders and looks forward to these communications in the future.
To be added to China Digital's investor e-mail list, please contact Keith Montgomery, Director of Investor Relations at China Digital Communication Group at montgomery@chinadigitalgroup.com.
About China Digital Communication Group
China Digital Communication Group (OTC BB: CHID), 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, PDA's 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 on China Digital, go to its website at 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.
