New Name and Branding to More Aptly Reflect Company's Focus on Satisfying Rising Demand for Lithium Ion Batteries
NEW YORK, and SHENZHEN, China, Aug. 26 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of battery components in China, today announces that the Company has filed preliminary information statement (Schedule 14C) with the SEC to furnish shareholders with notification of a name change to "New Energy Systems Group."
The Company anticipates that the amendment to its Article of Incorporation will be filed with the Secretary of State of Nevada on or about September 28, 2009. This projected effective date is twenty (20) calendar days following the date that this Information Statement is expected to be mailed to our shareholders. The name change will have no effect on voting and other rights accompanying the Company's common stock. In connection with the name change the Company will obtain both a new CUSIP number and trading symbol.
"In order to more accurately reflect our main business operations in the lithium ion battery market, we have adopted a corporate name change to New Energy Systems Group," said Fushun Li, Chief Executive Officer. "As demonstrated by our recent $4.1 million contract announcement and strong second quarter financials, we are committed to becoming a leading manufacturer and distributor of high quality mobile energy solutions throughout China and around the world. We look forward to keeping our loyal shareholders and prospective investors apprised of our exciting developments over the next few weeks and months."
Once the name change to New Energy Systems Group becomes effective, it will be reflected in all SEC filings and future corporate communications with the investor community.
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 a manufacturer and developer of advanced telecommunications equipment in China. E'Jenie sells high-quality lithium-ion battery shell and cap products to 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: http://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.
For more information, please contact:
China Digital Communication Group
Ken Lin
Tel: +1-917-573-0302
Email: ken@chinadigitalcommunication.com
or
China America Financial Communications Group
Darren Minton
Tel: +1-212-823-0523
Email: chinadigital@cafcg.com
