China Digital Communication Group Revises Projections Upward for Fiscal Year 2006
19 4월 2006 - 7:09AM
PR Newswire (US)
LOS ANGELES and SHENZHEN, China, April 18 /PRNewswire-FirstCall/ --
China Digital Communication Group (OTC:CHID) (BULLETIN BOARD: CHID)
, announced today its revised projections for the current fiscal
year. For fiscal year 2006, China Digital Communication Group has
projected total revenues of $30.4 million and net income of $10.5
million, or $0.13 per fully diluted share assuming the acquisitions
of Zhou Tong and Galaxy View International are successful. Yu Xi
Sun, Interim CEO and President of China Digital Communication
Group, said, "These are our most recent projections for fiscal year
2006. We are optimistic about the year and expect strong sales
based on exciting upcoming activities from our acquisition
candidates. We are confident we will close both acquisitions in the
near future." About China Digital Communication Group China Digital
Communication Group, through its wholly owned subsidiary, Shenzhen
E'Jenie Science and Technology Co., Ltd. (E'Jenie), is one of
China's leading manufacturers and developers of advanced
telecommunications equipment. E'Jenie sells advanced high-quality
lithium-ion battery shell and cap products to all major lithium-ion
battery cell manufacturers in China. E'Jenie's products are used to
power mobile phones, MP3 players, laptops, digital cameras, PDAs,
camera recorders and other consumer electronic digital devices.
China Digital Communication Group is continuing its expansion
across East Asia, while seeking distribution partners and
acquisitions in new global markets, including the United States.
For more information, visit http://www.chinadigitalgroup.com/ or
contact Roy Teng of China Digital Communication Group at (310)
461-1322, e-mail: . An investment profile on China Digital
Communication Group may be found at
http://www.hawkassociates.com/chinadigital/profile.htm. For
investor relations information regarding China Digital
Communication Group, contact Frank Hawkins or Ken AuYeung, Hawk
Associates, at (305) 451-1888, e-mail: . An online investor kit
including press releases, current price quotes, stock charts and
other valuable information for investors may be found at
http://www.hawkassociates.com/ and
http://www.americanmicrocaps.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. DATASOURCE: China Digital Communication Group CONTACT:
Roy Teng of China Digital Communication Group, +1-310-461-1322, ;
or Frank Hawkins or Ken AuYeung both of Hawk Associates,
+1-305-451-1888, Web site: http://www.chinadigitalgroup.com/
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