SHENZHEN, China, Nov. 16 /Xinhua-PRNewswire/ -- Diguang International
Development Co., Ltd. (OTC Bulletin Board: DGNG) ("Diguang"), today announced
that Diguang Electronics, its wholly-owned subsidiary, has entered into an
agreement to lease the backlight production equipment and produce backlights
inside the Wuhan joint venture plant of one of the four Taiwan Tigers of the
TFT-LCD panel industry. Diguang will be supplying 15"-19" CCFL backlights for
computer monitors to the panel maker. Diguang expects to start trial runs in
December 2006. The demand potential could amount to 200,000 pieces per month
following a ramp-up period of 6 to 9 months. This will be the second customer
for its new 15"-19" backlight offerings for computer monitors that Diguang has
secured in the past few months.
"We are very excited to win the role as the in-house supplier to this
important company," commented Song Yi, Diguang's Chairman and Chief Executive
Officer. "They are a top-tier TFT-LCD panel maker that holds a significant
share of the global TFT-LCD panel market. We were the only Chinese mainland
company competing with several Taiwanese companies. We are pleased to win
this company's vote of confidence and we believe this proves the
attractiveness of our products and services in the global market place. We
hope that our relationship with this company will expand over time and lead to
further business cooperation. We also believe that this company's validation
of our new offerings will pave the way for faster market penetration of these
new products."
About Diguang International Development Co., Ltd.
Diguang, through its subsidiaries, specializes in the research,
development, production, sale and distribution of backlights and backlight
technologies. A backlight is the typical light source of a liquid crystal
display (LCD). The Company is focused on providing LED and CCFL backlights
for international producers of televisions, monitors, cellular phones, digital
cameras, DVDs and other home appliances. Diguang currently develops an
average of approximately 50 new products per month. Diguang is a Nevada
corporation with its manufacturing subsidiary located in Shenzhen, PRC, and
its sales and marketing subsidiary located in the British Virgin Islands.
Safe Harbor Statement
This press release contains forward-looking statements made under the
"safe harbor" provisions of the U.S. Private Securities Litigation Reform Act
of 1995. Forward looking statements are statements that are not historical
facts including statements about our beliefs and expectations that (i) our
relationship with the Taiwan company will expand over time and lead to further
cooperation between us and (ii) the Taiwan company's validation of our new
product offerings will pave the way for faster market penetration of those new
products. Such forward-looking statements are based upon the current plans,
estimates and projections of Diguang's management and are subject to risks and
uncertainties, which could cause actual results to differ from the forward
looking statements. Therefore, you should not place undue reliance on these
forward-looking statements. The following factors, among others, could cause
actual results to differ from those set forth in the forward-looking
statements: business conditions in China, weather and natural disasters,
changing interpretations of generally accepted accounting principles; outcomes
of government reviews; inquiries and investigations and related litigation;
continued compliance with government regulations; legislation or regulatory
environments, requirements or changes adversely affecting the businesses in
which Diguang is engaged; fluctuations in customer demand; management of rapid
growth; intensity of competition from other providers of backlights; timing
approval and market acceptance of new products introduction; general economic
conditions; geopolitical events and regulatory changes, as well as other
relevant risks not included herein, as well as risks outlined in the Company's
filings with the U.S. Securities and Exchange Commission. The information set
forth herein should be read in light of such risks. Diguang does not assume
any obligation to update the information contained in this press release.