LOS ANGELES and SHENZHEN, China, March 22 /PRNewswire-FirstCall/ -- China Digital Communication Group (BULLETIN BOARD: CHID) , one of the fastest growing battery components manufacturers in China and an emerging supplier of high-tech products for the telecommunication industry, announced today that it has engaged Hawk Associates Inc. to provide investor relations services.
China Digital Chairman and CEO Changchun Zheng said, "Hawk Associates has an excellent reputation for successfully helping emerging companies credibly tell their stories to the investment community. CEO Frank Hawkins, President Julie Marshall and the Hawk team make sophisticated use of the latest technology and techniques, including the company's two websites and their proprietary e-mail alert system. With their strong relationships developed over the past 11 years on Wall Street, they have been effective in reaching the retail and the institutional communities for their clients. We look forward to working with them."
Frank Hawkins, CEO of Hawk Associates, said, "China Digital is at an important pivot point in its history. The company is known as the strongest and fastest growing battery components maker in China and should have significant market share by the end of the year. That business will continue to generate solid revenue and profit growth. Within the past month, however, the company has announced agreements to acquire two Chinese telecommunications equipment and technology companies that should propel China Digital profitably into the 3G telecommunications space in Asia. Galaxy View International, which owns Sono Digital, has said that Sono produced approximately $6 million in revenue and $2 million in net earnings in 2005. Zhou Tong has said the company produced $5.4 million in 2005 revenue and $1.85 million in net income. The successful closing of these two acquisitions would position China Digital for strong and profitable growth and open further opportunities in the exploding Chinese telecommunications market. The closing of both agreements is pending subject to completion of customary audits, financial due diligence and receipt of normal consents, approvals and opinions."
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 is continuing its expansion across East Asia, while also seeking distribution partners and acquisitions in new global markets, including the United States. For more information, visit http://www.chinadigitalgroup.com/.
About Hawk Associates, Inc.
Hawk Associates, Inc. is a full-service national investor relations and financial media relations consulting firm serving clients nationwide and in Canada and China. For more information and a company profile, visit http://www.hawkassociates.com/ or contact Frank Hawkins or Julie Marshall at (305) 451-1888 or
For investor relations information, contact Ken AuYeung or Frank Hawkins, Hawk Associates, at (305) 451-1888, e-mail:
Investors may also contact Peter Clark, OTC Financial Network, 9781) 444- 6100, ext. 629, e-mail:
To contact the company, call Roy Teng, China Digital Communication Group, (310) 461-1322, e-mail:
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.
