SHENZHEN, China, Nov. 11 /Xinhua-PRNewswire-FirstCall/ -- Diguang International Development Co., Ltd. (OTC Bulletin Board: DGNG) (the "Company" or "Diguang") announced today that it has been selected as a member of the Flat Panel Display ("FPD") Standard Workgroup of China's Ministry of the Information Industry.
(Logo: http://www.prnasia.com/xprn/sa/200708301921.JPG )
The company submitted its application for FPD Standard Workgroup membership at the Workgroup's First Member Conference, held in the provincial capital Xi'an from September 22 to September 23, 2008. In early November, the Company learned it had been named the first backlight enterprise to become a member of the Workgroup.
"We are honored to become a member of the Workgroup," commented the Company's President, Song Yi. "This distinction recognizes not only our professional, technology and standard-setting abilities, but has also enhanced our standing in the backlight industry. We will continue to dedicate our world-class engineering and manufacturing capabilities to the commercialization of innovative, industry-leading backlights and related products."
About The FPD Standard Workgroup of the Ministry of Information Industry
Initiated in June, 2003, the Workgroup currently has four groups, including the LCD Group, PDP Group, OLED Group and LED Group. All of the 48 members are top FPD enterprises, involving the manufacturing, study and research authorities of the entire production chain for FPD technology. The organization's primary responsibility is to set and revise technology standards for FPD products in China.
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. The Company also develops energy-saving technologies and solutions for rapidly growing LED general lighting markets and offers a new line of mini-notebook computers. 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: benefits of the Company's membership in China's Flat Panel Display ("FPD") Standard Workgroup, general business conditions in the Company's industry, 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 and general lighting products; 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 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:
Viola Tse, Investor Relations
Diguang International Development Co., Ltd.
Tel: +1-626-593-5486
Investor Relations Contact:
Sean Collins, Senior Partner
CCG Investor Relations
Tel: +1-310-477-9800 x202
Web: http://www.ccgirasia.com
