SHENZHEN, China, June 30 /PRNewswire-Asia/ -- China TMK Battery Systems Inc. (OTC Bulletin Board: DFEL) ("TMK" or the "Company"), a Chinese manufacturer and distributor of customized rechargeable battery solutions to global consumer product companies, today announced that it has changed its name from "Deerfield Resources, Ltd." to "China TMK Battery Systems Inc." The Company's common stock will continue to trade on the OTC Bulletin Board under the symbol DFEL.
The purpose of the name change is to better reflect the Company's position as a leading manufacturer and distributor of high rate discharge Nickel Metal Hydride ("Ni-MH") multi-cell batteries to a diverse roster of large, consumer-focused clients with major production facilities in China.
"We expect to continue deriving benefit from the growing demand for consumer products that utilize environmentally friendly rechargeable batteries, with customer orders continuing to exceed our production capacity," stated Henian Wu, Chairman and President of the Company. "To meet this demand and to gain further market share in 2010, we are increasing our production capacity to accommodate new products such as intelligent battery solutions that provide controlled back-up power for new market applications. We expect that our new corporate name will reinforce our strong position in this industry as we leverage our proprietary technology and products, our operational experience and strong customer relationships to meet growing market demand and drive strong future operating and financial performance."
About China TMK Battery Systems Inc.
Based in Shenzhen, PRC and founded in 1999, TMK manufactures and distributes high rate discharge Nickel Metal Hydride ("Ni-MH") multi-cell batteries in its manufacturing facility located in Shenzhen, China. TMK maintains a diverse roster of large, consumer-focused clients with major production facilities in China. The Company works with its clients throughout the product design cycle to develop and integrate reliable and long-lasting rechargeable power solutions for widely used consumer products, which include home appliances, cordless power tools, medical devices, multiple personal communication devices and electric bicycles segments. The Company is also focused on becoming a supplier of back-up power solutions to the telecommunications industry and for traffic lighting applications. Corporate Information can be found at http://www.tmk-battery.com and investor information can be found at http://ir.stockpr.com/tmk-battery/ .
Cautionary Statement Regarding Forward Looking Information
This press release may contain certain "forward-looking statements" relating to the business of China TMK Battery Systems Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the impact of our corporate name change on our business and operations; the ability of the Company to meet growing customer demand rechargeable batteries for consumer products that utilize environmentally friendly rechargeable batteries, or to gain further market share in 2010, by increasing production capacity to accommodate new products; the ability of the Company to introduce new battery types into its product portfolio while developing Lithium-Ion battery production capabilities; the general ability of the Company to achieve its commercial objectives, including the ability of the Company to sustain growth; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
For the Company:
Mr. Jin Hu, CFO
Tel: +86-158-1043-1091
Email: jin.hu99@yahoo.com
Investor Relations:
HC International, Inc.
Ted Haberfield, Executive VP
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
