China Digital Communication Group Engages Hawk Associates for Investor Relations Services
March 22 2006 - 5:05PM
PR Newswire (US)
LOS ANGELES and SHENZHEN, China, March 22 /PRNewswire-FirstCall/ --
China Digital Communication Group (OTC:CHID) (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: . An online investor kit,
including copies of China Digital 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/. Investors may also contact Peter
Clark, OTC Financial Network, 9781) 444- 6100, ext. 629, e-mail: ,
http://www.otcfn.com/chid . To contact the company, call Roy Teng,
China Digital Communication Group, (310) 461-1322, e-mail: ,
http://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. DATASOURCE: China Digital Communication Group CONTACT:
Frank Hawkins or Julie Marshall of Hawk Associates, +1-305-451-
1888, ; or Peter Clark of OTC Financial Network for China Digital
Communication Group, +1-781-444-6100, ext. 629, ; or Roy Teng of
China Digital Communication Group, +1-310-461-1322, Web site:
http://www.chinadigitalgroup.com/
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