China Digital Communication Group Names Veteran Electronics Industry Executive Fushun Li as New CEO
NEW YORK and SHENZHEN
May 11, 2009
Fushun Li to Spearhead Company's New Business and Growth Initiatives
NEW YORK and SHENZHEN, China, May 11 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CHID), a leading manufacturer of battery components in China, announced today that a Chinese business leader with over 20 years of management and electronics industry background is its new Chief Executive Officer and director.
Mr. Li was formerly the founder and president of Shenzhen Kai Bi Te Tech. Co., Ltd, an electronic components and 3C electronic products manufacturer that reached revenues in excess of 1 billion RMB under his leadership. Mr. Li's background spans more than 20 years in various executive roles at equipment manufacturers and electronic companies in Shenzhen and Guangzhou.
"I am excited to be appointed the new CEO of China Digital Communication, and I look forward to driving the new business strategies that will enable the Company to realize its full potential in China," said Mr. Li. "I strive to improve our current financial and business development initiatives based on my strong management and marketing background in the electronics industry in China."
Mr. Li's professional background includes management roles at Guangzhou Xunxing Communication Equipment, a subsidiary of China Telecommunication Corporation.
"After full evaluation of the company's manufacturing processes we hope to diversify China Digital Communication's product line and enhance our visibility both with battery cell manufacturers in China, as well as the investment community in the United States," said Mr. Li. "I will be working closely with my management team and our financial communications firm to ensure that stockholders are kept fully informed of the Company's initiatives and achievements in the coming weeks and months."
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 U.S.
For more information, please visit: www.chinadigitalcommunication.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.
China Digital Communication Group
Ken Lin, 917-573-0302
China America Financial Communications Group
Darren Minton, 212-823-0523