SHENZHEN, China, Dec. 7 /Xinhua-PRNewswire/ -- Diguang International
Development Co., Ltd. (OTC Bulletin Board: DGNG) ("Diguang") today announced
that Diguang Electronics, its wholly-owned subsidiary, has been selected as
one of "Shenzhen's Top 100 Small andMedium Enterprises for Independent
Innovation" in 2006.
The "Top 100 Enterprises" award program is co-sponsored by the Promotion
Council of Shenzhen Small and Medium Enterprises and Shenzhen Special Zone
Newspaper House to honor excellence in technology and in the management of
its creation and development.
"We are glad that within 10 years of our establishment, we have been
short-listed as one of the top 100 small and medium enterprises in Shenzhen,
one of the key economic development zones of China," commented Song Yi,
Diguang's Chief Executive Officer. "We plan to leverage our success thus far
to generate even more innovation and deliver even greater value to the
economy and our shareholders, as well as to the global marketplace for
display technologies."
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 such as statements that we will leverage on our success thus
far to generate even more innovations and deliver even greater economic value
to the Chinese economy as well as to the global economy. 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, including but not limited to risks
outlined in the Company's periodic 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.