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NewsBot Date: June 21, 2005 06:49:10 PM
CHID News Research China Digital Communication Group, Stock Trading Message Board
China Digital Communications Group Receives New Science Innovation Award
LOS ANGELES, CA and SHENZHEN, CHINA - MARKET WIRE - 06/20/05
Yi Bo Sun, Chairman and CEO of China Digital Communications Group (OTC BB: CHID), announced today that Shenzhen E'Jenie, a subsidiary of China Digital Communications Group, was awarded the "New Science Innovation" by People Science Magazine in China.
According to Yi Bo Sun, Chairman and CEO of China Digital, "We're pleased to be acknowledged in the 24th anniversary awards from People Science Magazine in the China National Battery Industry Innovation Competition; Shenzhen E'Jenie received the New Science Innovation Award. That is one of the highest recognitions of E'Jenie's products in China, and one of the company's most competitive e advantages in the global markets."
Yi Bo San, Chairman and CEO, continued, "People Science Magazine is an excellent publication that specializes in reporting new technologies and innovations in the fields of telecommunication, construction, transportation, finance, and IP/website technologies. We are honored to be given this prestigious award by this outstanding magazine."
China Digital Communications Group Announces New Product
LOS ANGELES, CA and SHENZHEN, CHINA - MARKET WIRE - 06/15/05
Yi Bo Sun, Chairman and CEO of China Digital Communications Group (OTC BB: CHID), announced today that the company plans to produce a series of new products in response to strong and growing market demand in China.
According to Yi Bo Sun, Chairman and CEO of China Digital, "The company has decided to introduce a series of new cylindrical steel lithium-ion battery shells for use in laptop device battery systems. The board of directors of Shenzhen E'Jenie, a subsidiary of China Digital Communications Group, has approved the New Product Accessibility Projection Report for the Cylindrical Steel Lithium-ion Battery Shells. Now the company is preparing to bring online the new production lines and to complete the training of already-skilled employees."
According to research from the China Battery Industry Association, China's domestic market in 2004 for steel laptop battery shells reached consolidated sales revenues of 48 million U.S. dollars. China Digital Communications Group has established a strategic goal to make significant in-roads into this segment of the laptop battery shells market in China.
China Digital Communication Group Maintains a Strong Sales Projection for Second Quarter 2005
Maker of Mobile-Phone Battery Components Cites Strong Demand and Continued Trend of Sharp Production Hikes SHENZHEN, CHINA and LOS ANGELES, CA - MARKET WIRE - 06/09/05
China Digital Communication Group (OTC BB: CHID), one of the fastest growing battery components production companies in China, today offered sales and profit guidance for the second quarter of 2005.
For the second quarter of 2005, ended June 30, the Company projects revenue of approximately $2,950,000, up 197.52% from unaudited pro forma revenue of $991,541 in the second quarter of 2004. Net income in the second quarter of 2005 is expected to be approximately $736,025, or $0.013 per fully diluted share, up 767.02% from unaudited pro forma net income $84,891, or $0.002 per fully diluted share, for the year-earlier quarter, the second quarter of 2004.
The Company cited a continued trend of sharply increasing demand and production, along with continuing cost controls, in arriving at its sales and profit estimates for the quarter. "The projected increase in sales is large but, we believe, reasonable based on recent trends," said Yi Bo Sun, China Digital's chairman and chief executive officer. "It reflects the rapid growth we have been seeing for the past several quarters in demand for our products and in our production capacity. China Digital has seen sharp increases in orders from mobile-phone manufacturers for its battery shells and caps, and we have recently increased both our physical capacity and our workforce to meet this demand. We believe both that we are in a long-term wireless boom and that we have the ability to increase our market share substantially."
Major Customer Expresses Satisfaction With China Digital Communications Group's Products and Services
LOS ANGELES, CA and SHENZHEN, CHINA - MARKET WIRE - 06/07/05
Yi Bo Sun, Chairman and CEO of China Digital Communications Group (OTC BB: CHID), announced today that Mr. Jun Xiao, CEO of Gao Yi Electronics Co., Ltd., a key customer, toured the Company's Shenzhen E'Jenie production facility. During the tour, Mr. Jun Xiao expressed his satisfaction with the products and services provided to Gao Yi Electronics Co., Ltd. by the Shenzhen E'Jenie.
"We are fully satisfied with the quality of the products made at Shenzhen E'Jenie and with the timeliness of the contract deliveries. We signed an agreement with Shenzhen E'Jenie on April 22, 2005, that has a total contract value of USD $2.36 million for battery components. By the end of May, approximately $500,000 in products have been produced to our specifications by Shenzhen E'Jenie. We anticipate increasing the total contract value in the future."
According to Chairman Yi Bo Sun, "We are pleased with the progress made to satisfy the exacting requirements of key customers like Gao Yi Electronic Co., Ltd. According, anticipate new orders that will keep production levels at or near full capacity."
About Gao Yi Electronics Co., Ltd.
Gao Yi Electronic Company Limited is in the business of researching and developing, manufacturing, and distributing lithium-ion battery products in China. Gao Yi Electronics is one of the largest lithium-ion mobile phone manufacturers in the world, with products marketed under many popular brands, such as "Ke Jian," "Bo Dao," "Southern Science," "TCL" and other mobile phone brands. Mr. Jun Xiao is CEO of Gao Yi Electronics Co., Ltd.
China Digital Communications Group Receives New Science Innovation Award
LOS ANGELES, CA and SHENZHEN, CHINA - MARKET WIRE - 06/20/05
Yi Bo Sun, Chairman and CEO of China Digital Communications Group (OTC BB: CHID), announced today that Shenzhen E'Jenie, a subsidiary of China Digital Communications Group, was awarded the "New Science Innovation" by People Science Magazine in China.
According to Yi Bo Sun, Chairman and CEO of China Digital, "We're pleased to be acknowledged in the 24th anniversary awards from People Science Magazine in the China National Battery Industry Innovation Competition; Shenzhen E'Jenie received the New Science Innovation Award. That is one of the highest recognitions of E'Jenie's products in China, and one of the company's most competitive e advantages in the global markets."
Yi Bo San, Chairman and CEO, continued, "People Science Magazine is an excellent publication that specializes in reporting new technologies and innovations in the fields of telecommunication, construction, transportation, finance, and IP/website technologies. We are honored to be given this prestigious award by this outstanding magazine."
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 component products 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 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.
