Company to Begin Trading Under Stock Symbol "CSOL"
LOS ANGELES and BEIJING, Nov. 5 /Xinhua-PRNewswire-FirstCall/ -- Deli Solar (USA), Inc. (BULLETIN BOARD: DLSL) , a premier seller and distributor of solar water heaters, renewable energy solutions, and space heating devices in the People's Republic of China (the "PRC"), today announced its new company name, China Solar & Clean Energy Solutions, Inc. The goal of this name change is to better align the Company's corporate and service brand identities. As the result of the Company's name change, effective Nov 5, 2007, its trading symbol will change to CSOL from DLSL.
"We are excited to introduce our new name, China Solar & Clean Energy Solutions, Inc. which complements our business strategy of becoming a fully integrated clean technology and renewable energy solutions provider for business, industrial and residential customers throughout the PRC," commented Mr. Deli Du, president and Chief Executive Officer.
"While we have witnessed strong organic growth within our core solar water heater business, we continue to make further progress with our acquisition strategy. On July 1, 2007, we closed the acquisition of Tianjin Huaneng Energy Equipment Company, which manufactures energy efficient boilers, maintains strong distribution channels in Northern China and also provides waste heat recovery technology to recycle energy and improve efficiency for larger industrial customers. Meanwhile, we are actively pursuing other acquisition targets which will complement our Clean Technology Energy product portfolio and open up new market opportunities in China," Mr. Du concluded.
About China Solar & Clean Energy Solutions, Inc.
China Solar & Clean Energy Solutions, Inc. operates through its wholly owned subsidiaries Bazhou Deli Solar Energy Heating Co. Ltd. ("Deli Solar (Bazhou)"), Beijing Deli Solar Technology Development Co., Ltd. and its 51% ownership in Tianjin Huaneng Group, all located in the PRC. The Company sells and distributes hot water and space heating devices to customers in the PRC, in addition to waste heat recovery systems. For more information, please visit http://www.delisolar.com/ .
Safe Harbor Statement:
Certain statements in this news release may contain forward-looking information about China Solar & Clean Energy Solutions, Inc. and its subsidiaries business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, market and customer acceptance and demand for products, ability to market products, fluctuations in foreign currency markets, the use of estimates in the preparation of financial statements, the impact of competitive products and pricing, the ability to develop and launch new products on a timely basis, the regulatory environment, fluctuations in operating results, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. China Solar & Clean Energy Solutions, Inc. undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
For more information, please contact:
Gary Lam
China Solar & Clean Energy Solutions, Inc.
Tel: +86-10-6385-0516
Email:
