SHENZHEN, China, Feb. 5 /Xinhua-PRNewswire/ -- Diguang International Development Co., Ltd. (OTC Bulletin Board: DGNG) ("Diguang"), an emerging, China-based leader in the manufacture of CCFL and LED backlights for the LCD display industry, today announced that it has been approved as preferred vendor to supply 7" backlight products to Shanghai Tianma Micro-Electronics Co., Ltd. Shipment volumes are estimated at approximately 400,000 units per month beginning in the first quarter of 2008.
(Logo: http://www.prnasia.com/sa/200708301921.JPG )
Shanghai Tianma Micro-Electronics is operating newly established 4.5-Generation TFT-LCD production lines that target formats typically in the range of 3.5 inches to 9 inches. LCDs of this kind are used in displays for mobile devices, portable DVDs, GameBoys, automotive and industrial and other applications. For more information about Shanghai Tianma please visit http://shanghai.tianma.cn/english/newslist.asp?id=150 .
“This approval strengthens our company’s market-leading position in middle-size and small backlights, with their many high-volume applications,” commented Diguang’s Chairman and CEO, Song Yi. “We are pleased to be named preferred vendor by Shanghai Tianma Micro-Electronics.”
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 Statements
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 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: uncertainties inherent in ongoing customer relations, 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 product introductions; general economic conditions; geopolitical events and regulatory changes, as well as other relevant risks, including but not limited to risks outlined in the Company’s filings on Forms 10K and 10Q and other periodic filings with the U.S. Securities and Exchange Commission. Diguang does not assume any obligation to update the information contained in this press release.
For more information, please contact:
Company Contact:
T.C. Shen, Assistant to the President
Diguang International Development Co., Ltd.
Tel: +1-626-593-5486
Investor Relations Contact:
Sean Collins, Senior Partner
CCG Elite
Tel: +1-310-477-9800 x202
