New Energy Systems Group to Acquire Shenzhen NewPower Technology Co., Ltd.
-- $14.7 million purchase price consisting of cash and stock -- NewPower projected to generate at least $2.5 million of net income in 2010 -- Acquisition increases profitability of New Energy's existing battery distribution business -- Ability to increase N...
New Energy Systems Group Appoints Prominent Industry Veteran and Anytone Co-Founder Weihe Yu as Chairman of the Board
NEW YORK and SHENZHEN, China, Dec. 10 /PRNewswire-Asia/ -- New Energy Systems Group (OTC Bulletin Board: NEWN), a manufacturer and distributor of battery components in China, today announced that it has appointed Weihe Yu as Chairman of the Board. Mr. Yu is one of the founders of Shenzhen Anyton...
New Energy Systems Group Completes Previously Announced Acquisition of Anytone International (H.K.) Co., Ltd.
NEW YORK and SHENZHEN, China, Dec. 7 /PRNewswire-Asia-FirstCall/ -- New Energy Systems Group (OTC Bulletin Board: NEWN), a manufacturer and distributor of battery components in China, today announced that it has completed the previously announced acquisition of Anytone International (H.K.) Co., ...
New Energy Systems Group Awarded $2.2 Million Purchase Order for Lithium Ion Batteries from Shenzhen Gaoke Group
NEW YORK and SHENZHEN, China, Dec. 2 /PRNewswire-Asia/ -- New Energy Systems Group (OTC Bulletin Board: NEWN), a manufacturer and distributor of battery components in China, today announced that it has received a purchase order for lithium ion batteries valued at $2.2 million from Shenzhen Gaoke...
New Energy Systems Group Announces Agreement to Acquire Anytone International (H.K.) Co., Ltd.
Acquisition Price of $33.7 million in cash and stock Anytone projected to generate $6.7 million of net income in 2010 NEW YORK and SHENZHEN, China, Nov. 23 /PRNewswire-Asia-FirstCall/ -- New Energy Systems Group (OTC Bulletin Board: NEWN), a manufacturer and distributor of battery componen...
China Digital Communication Group Approved for Name Change to New Energy Systems Group
NEW YORK and SHENZHEN, China, Nov. 18 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of battery components in China, today announced that it has obtained approval from FINRA to change its name to New Energy Systems Group. In conj...
China Digital Communication Group Reports Strong Third Quarter 2009 Results
NEW YORK and SHENZHEN, China, Nov. 14 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of battery components in China, today announced financial results for the three months ended September 30, 2009. Third Quarter 2009 Hig...
China Digital Communication Group to Host Third Quarter 2009 Conference Call on November 16, 2009
NEW YORK and SHENZHEN, China, Nov. 11 /PRNewswire-Asia-FirstCall/ -- China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of battery components in China, today announced that it will release financial results for the third quarter of 2009 on Friday, Novemb...
China Digital Announces Name Change to "New Energy Systems Group"
New Name and Branding to More Aptly Reflect Company's Focus on Satisfying Rising Demand for Lithium Ion Batteries NEW YORK, and SHENZHEN, China, Aug. 26 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of battery components ...
China Digital Files 8-K Providing Second Quarter 2009 Earnings Call Transcript
Management Team Discusses Financial Results, Business Operations, and Growth for 2009 and Beyond NEW YORK and SHENZHEN, China, Aug. 24 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of battery components in China, today anno...
China Digital Second Quarter Conference Call Today at 11 AM Eastern
Management Team to Discuss Financial Results, Business Operations, and Growth for 2009 and Beyond NEW YORK and SHENZHEN, China, Aug. 6 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of battery components in China, announce...
China Digital Communication Group Reports Second Quarter 2009 Financial Results
Strong Growth Continues, Q2 Revenue Increases 358% to $5.4 Million, Q2 Net Income of $1.3 Million Compared to Net Loss in Q2 2008 NEW YORK, and SHENZHEN, China, Aug. 6 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of batter...
China Digital Communication Group Appoints Junfeng Chen as Interim CFO
Management Team and Board to Undergo Candidate Search for New CFO to Align Company with New Growth Initiatives NEW YORK and SHENZHEN, China, Aug. 4 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of battery components in Chin...
China Digital Communication Group to Host Second Quarter Conference Call
Management Team to Discuss Financial Results, Business Operations, and Growth for 2009 and Beyond NEW YORK and SHENZHEN, China, August 1 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of battery components in China, today anno...
China Digital Communication Group Issues Revenue and Earnings Guidance for 2009
Company Forecasts 2009 Revenue of $23 to $25 Million and Net Income of $5.3 to $6.0 Million, Exceeding Prior Performance NEW YORK and SHENZHEN, China, July 16 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of battery component...
China Digital Communication Group Undergoes 10-for-1 Reverse Stock Split and Ticker Change to CMTP
Reverse Stock Split and New Ticker Occurs Today, July 13, 2009 NEW YORK and SHENZHEN, China, July 13 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CHID), a manufacturer of battery components in China, undergoes its previously announced 10-for-1 reverse stock ...
China Digital Communication Group Announces 10-for-1 Reverse Stock Split and Ticker Change to CMTP
Reverse Stock Split and New Ticker to Take Place July 13, 2009 NEW YORK and SHENZHEN, China, July 11 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CHID), a manufacturer of battery components in China, announced today its 10-for-1 reverse stock split is to take pl...
China Digital Announces Milestone $4.1 Million Purchase Order with Large Chinese Enterprise Client
Lithium Ion Battery Order by China Electronics Shenzhen Company Validates China Digital’s Product Quality and Business Model NEW YORK and SHENZHEN, China, July 9 /PRNewswire-Asia-FirstCall/ -- China Digital Communication Group (OTC Bulletin Board: CHID), a manufacturer and developer of batter...
