SHENZHEN, China, June 3 /PRNewswire-Asia/ -- China BAK Battery, Inc. ("China BAK" or the "Company") (Nasdaq: CBAK), a leading global manufacturer of lithium-based battery cells, today announced that the Company’s Chief Financial Officer, Mr. Jun Zou, was featured in a live video interview with Greg Millman of Dow Jones Investment Banker.
The interview covered the Company’s success as the first Chinese company to go public via an alternative public offering and reverse merger in 2005 and its subsequent listing on the NASDAQ. During the interview, Mr. Zou explained that China BAK enjoys a strong support from local banks due to its standing as a leading manufacturer in Shenzhen and established credit history. He also addressed concerns regarding the Company’s capital structure and discussed his strategy to turn around the Company by improving working capital, operating cash flow, and manufacturing cost.
The interview has been published by Dow Jones Investment Banker and is available online on the Company’s website at http://www.bak.com.cn/xinxi-xiangxi.asp?id=544
About China BAK Battery Inc.
China BAK Battery, Inc. (NASDAQ: CBAK) is a leading global manufacturer of lithium-based battery cells. The Company produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, notebook computers and portable consumer electronics such as digital media devices, portable media players, portable audio players, portable gaming devices, and PDAs. China BAK Battery, Inc.’s production facilities, located in Shenzhen and Tianjin, PRC, cover over three million square feet and have been recently expanded to support the production of larger batteries for various types of vehicles. For more information regarding China BAK Battery, Inc., please visit http://www.bak.com.cn .
Safe Harbor Statement
This press release contains forward-looking statements, which are subject to change. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All "forward-looking statements" relating to the business of the Company and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties which could cause actual results to differ. These factors include but are not limited to: risks related to the Company’s business, availability of credit from local banks, ability of the Company to improve working capital and operating cash flow and risks related to operating in China. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. The Company’s actual results could differ materially from those contained in the forward-looking statements. The Company undertakes no obligation to revise or update its forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
For more information, please contact:
Mr. Jun Zou
China BAK Battery, Inc.
Chief Financial Officer
Tel: +86-755-8423-9821
Email: ir@bak.com.cn
Tracy Li
China BAK Battery, Inc.
Investor Relations Manager
Tel: +86-755-8977-0093
Email: ir@bak.com.cn
Elaine Ketchmere
CCG Investor Relations
VP of Financial Writing
Tel: +1-310-954-1345
Email: elaine.ketchmere@ccgir.com
