JINZHOU CITY, China, Aug. 7 /Xinhua-PRNewswire/ -- Wonder Auto Technology, Inc. (OTC Bulletin Board: WATG) ("Wonder Auto" or the "Company"), a China-based manufacturer of automotive electrical parts, today announced that it received the approval letter for listing on the Nasdaq Global Market.
Wonder Auto plans to start trading on Nasdaq from August 9, 2007. Nasdaq has reserved WATG as the trading symbol for the Company's common stock.
"This is a significant achievement for Wonder Auto to meet Nasdaq's stringent listing requirements and to be approved to trade on the Nasdaq Global Market," commented Mr. Qingjie Zhao, Wonder Auto's Chairman and CEO. "The Nasdaq is a prestigious market that provides tremendous support for Chinese companies such as Wonder Auto in the U.S. capital markets."
About Wonder Auto Technology, Inc.
Wonder Auto Technology, Inc., through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrical parts and were ranked second in sales revenue in the China market for automotive alternators and starters in 2006. The Company's products are suitable for various types of automobiles and most of its products are used in passenger cars with smaller engines having displacement below 1.6 liters. Wonder Auto's customers include Beijing Hyundai Motor Company, Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd., Harbin Dongan Automotive Engine Manufacturing Co., Ltd., and Tianjin FAW Xiali Automotive Co., Ltd. Wonder Auto Technology, Inc. is a Nevada corporation with its manufacturing subsidiaries and its corporate headquarters located in Jinzhou City, Liaoning, China. Forward-Looking Statements
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will" "believes", "plan," "expects" or similar expressions. Statements in this press release about our ability to have our common stock successfully traded on the Nasdaq, for example, are forward-looking statements. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov.
Investor Relations Contact: Company Contact:
Mark Collinson, Partner Xie Yuechun, Investor Relations Manager
CCG Investor Relations Wonder Auto Technology, Inc.
310-477-9800, ext. 117 (01186) 416-266-1186
Mark.collinson@ccgir.com wondergrp2006@yahoo.com.cn
