omniture

New Energy Systems Group Launches Online Stores in China

2012-03-06 21:00 795

SHENZHEN, China, March 6, 2012 /PRNewswire-Asia-FirstCall/ -- New Energy Systems Group (NYSE Amex: NEWN) ("New Energy" or the "Company"), a vertically-integrated original design manufacturer and distributor of Anytone® and MeePower® branded consumer backup power systems for mobile devices and Kim Fai solar panels and solar related application products to service municipal power applications, today announced that Anytone has launched two online stores in China. Starting from now on, consumers will be able to purchase all of Anytone's consumer products directly through www.paipai.com and www.taobao.com.

Anytone currently sells primarily through wholesale distributors and retail stores in China. With the online launch, consumers nationwide can easily purchase Anytone's mobile power devices and accessories for their laptops, mobile phones and tablets. Taobao.com is one of the most popular online marketplaces in China, with an average of over 10 million visitors per day.

"Selling our products online is an integral part of our sales and marketing strategy," said Mr. Weihe "Jack" Yu, Chairman and CEO of New Energy Systems Group. "With our growing brand and strong lineup of new products, we are well positioned to compete with domestic and foreign brands. We plan to run a series of advertisements over the next few months to let consumers know about our growing online presence."

In addition, the Company launched a separate English language website www.meepower.us/en for its MeePower mobile power products. For the first time in the Company's history, U.S. consumers can purchase MeePower's products online.

About New Energy Systems Group

New Energy Systems Group is a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems for mobile phones, laptops, digital cameras, MP3s and a variety of other portable electronics. The company's end-user consumer products are sold under the Anytone® brand in China, and the company has begun expanding its international sales efforts. The fast pace of new mobile device introductions in China combined with a growing middle class make it fertile ground for New Energy's end-user consumer products, as well as its high powered, light weight lithium ion batteries. In addition to consumer products sold for back-up power needs, New Energy Systems Group also manufactures and sells Kim Fai solar panels for a wide variety of applications for the municipality markets in China and for export. Additional information about the company is available at: www.newenergysystemsgroup.com.

Forward Looking Statements

This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary and affiliated 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 (www.sec.gov). All forward-looking statements attributable to 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

New Energy Systems Group

Ken Lin, VP of Investor Relations

Tel: +1-917-573-0302

Email: ken@newenergysystemsgroup.com

www.newenergysystemsgroup.com

INVESTOR RELATIONS

MZ North America

John Mattio, SVP

Tel: US +1-212-301-7130

Email: john.mattio@mzgroup.us

www.mz-ir.com

Source: New Energy Systems Group
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