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China Digital Communication Group Completes Initial Due Diligence on Shenzhen Zhuo Tong15 February 2006
Telecommunications Research Academy is theofficial professional organization that recognizes and issues licenses inthe fields of management system and products recognition in thetelecommunication industry in China. In December 1996, TLC was registeredin CNAB. The licenses issued from TLC are widely recognized in othernations as well, including the United States, Germany, Japan, France, andItaly. Pursuant to executing a letter of intent to China to acquire Zhuo Tong onFebruary 8, 2006, China Digital is now in the process of completing duediligence on Zhu Tong's financials, and will report on its findings as soonas they are available. About Shenzhen Zhuo Tong Power Supply Industry Co. Shenzhen Zhuo Tong Power Supply Industry Co., Ltd is specialized inmanufacturing and distributing high frequency power supply products;reversible power supply products; and other related power supply productsincluding an Intelligent Temperature Control System for the commercialcomputer industry. Zhuo Tong has promulgated the TLC license of producingthe telecommunication equipment and components in China. Shenzhen Zhuo Tongpartners include Germany Phoenix Electric Co. and American Luminous NetworkCo. Shenzhen Zhuo Tong's major customers are the communication equipmentsproducers for the IT, power, and radio and television broadcast industries. 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 technologyfor use in electronic products, primarily mobile phones. Since December2003, the Company has adopted the approach of using licenses, jointventures, mergers and acquisitions to bring battery and telecom equipmentmakers in China to markets overseas. The Company's products now powerdigital cameras, camera phones, PDAs and laptop computers in East Asia andbeyond. China Digital is continuing its expansion across China, while alsoseeking distribution partners in the United States. For more information,visit www.chinadigitalgroup.com. Forward-looking statement: Except for the historical information, thematters discussed in this news release may contain forward-lookingstatements, including, but not limited to, factors relating to futuresales. These forward-looking statements may involve a number of risks anduncertainties. Actual results may differ materially based on a number offactors, including, but not limited to, uncertainties in product demand,risks related to doing business in China, the impact of competitiveproducts and pricing, changing economic conditions around the world,release and sales of new products, and other risk factors detailed in thecompany's most recent annual report and other filings with the Securitiesand Exchange Commission. For further information, contact:At the Company:China Digital Communication GroupRoy Teng310-461-1322E-mail: Email Contacthttp://www.chinadigitalgroup.com Investor Relations:OTC Financial NetworkPeter Clark781-444-6100, x629Email Contacthttp://www.otcfn.com/chid SOURCE: China Digital Communication Group
Source: marketwire
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