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China Display Technologies Announces Engagement of RedChip Companies to Lead Investor Relations

2008-07-22 21:02 992


SHENZHEN, China, July 22 /Xinhua-PRNewswire-FirstCall/ -- China Display Technologies, Inc. (OTC Bulletin Board: CDYT), a leading manufacturer in China of optoelectronic products, specializing in small-, mid- and large-sized LED and CCFL backlight units for LCD displays, today announced that it has engaged RedChip Companies, Inc. to lead its investor relations.

Mr. Lawrence Chan, CEO of China Display Technologies said: “We selected RedChip’s team to help increase awareness of our company among the investor community. RedChip is known for its comprehensive and innovative investor relations platform and investor awareness services. Clearly RedChip has a superb reputation in the small-cap sector. And as we recently secured

long-term supply contracts with other industrial giants, TCL Corporation and Skyworth, we are even more excited and confident in our potential to achieve strong sales growth in 2008.”

“We are very pleased with the opportunity to represent China Display Technologies,” said Dave Gentry, President and CEO of RedChip Companies. He added: “We believe their portfolio of product offerings for the LED backlight market as well as their established global distribution network positions them well for strong top- and bottom-line growth. Our team looks forward to implementing a comprehensive investor relations program and helping to increase their visibility among Wall Street’s small-cap equity community.”

About China Display Technologies, Inc.

China Display Technologies, Inc. through its wholly owned subsidiary, Suny Electronics (Shenzhen) Company Ltd. in China, designs, manufactures and markets small- to mid-sized Light Emitting Diode (LED) and Cold Cathode Fluorescent Lamp (CCFL) backlights for various types of Liquid Crystal Displays (LCDs). Its products have applications in electronic consumer products, such as mobile phones, PDAs, GPS systems, portable DVD/VCD players, MP3s and MP4s, medical equipment and household appliances with displays. China Display has 800 employees, with manufacturing facilities and headquarters located in Shenzhen, China. The Company has a global customer base of electronics manufacturers with a distribution network covering Hong Kong and 18 provinces in mainland China, and currently exports to 17 countries and regions including the United States, Europe and Japan. For more information, visit http://www.chinadisplaytech.com .

About RedChip Companies, Inc.

RedChip Companies is an international, small-cap research and financial public relations firm with offices in Orlando, Florida; Shanghai; and Paris, with affiliates in Atlanta and New York. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(TM), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(TM), and RedChip Radio(TM). To learn more about RedChip’s products and services please visit: http://www.redchip.com/visibility/productsandservices.asp .

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. 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 the Company or to 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:

Company Contact:

Mr. Jason Wong

Executive Vice President

China Display Technologies, Inc.

Tel: +852-9257-8928

Email: jason@chinadisplaytech.com

Web: http://www.chinadisplaytech.com

Investor Relations:

RedChip Companies Inc.

Jon Cunningham

Tel: +1-800-REDCHIP (733-2447) x107

Email: info@redchip.com

Web: http://www.redchip.com

Source: China Display Technologies, Inc.
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