Diguang International Wins the In-House Supplier Role for Joint Venture of a Major Taiwan TFT-LCD Panel Maker for 15" to 19" Computer Monitor Backlights

Diguang International Development Co., Ltd.
2006-11-16 12:18 1126

SHENZHEN, China, Nov. 16 /Xinhua-PRNewswire/ -- Diguang International

Development Co., Ltd. (OTC Bulletin Board: DGNG) ("Diguang"), today announced

that Diguang Electronics, its wholly-owned subsidiary, has entered into an

agreement to lease the backlight production equipment and produce backlights

inside the Wuhan joint venture plant of one of the four Taiwan Tigers of the

TFT-LCD panel industry. Diguang will be supplying 15"-19" CCFL backlights for

computer monitors to the panel maker. Diguang expects to start trial runs in

December 2006. The demand potential could amount to 200,000 pieces per month

following a ramp-up period of 6 to 9 months. This will be the second customer

for its new 15"-19" backlight offerings for computer monitors that Diguang has

secured in the past few months.

"We are very excited to win the role as the in-house supplier to this

important company," commented Song Yi, Diguang's Chairman and Chief Executive

Officer. "They are a top-tier TFT-LCD panel maker that holds a significant

share of the global TFT-LCD panel market. We were the only Chinese mainland

company competing with several Taiwanese companies. We are pleased to win

this company's vote of confidence and we believe this proves the

attractiveness of our products and services in the global market place. We

hope that our relationship with this company will expand over time and lead to

further business cooperation. We also believe that this company's validation

of our new offerings will pave the way for faster market penetration of these

new products."

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 including statements about our beliefs and expectations that (i) our

relationship with the Taiwan company will expand over time and lead to further

cooperation between us and (ii) the Taiwan company's validation of our new

product offerings will pave the way for faster market penetration of those new

products. 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, as well as risks outlined in the Company's

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.

Source: Diguang International Development Co., Ltd.
Keywords: Machinery