HONG KONG, Feb. 14, 2011 /PRNewswire-Asia/ -- ACL
Semiconductors Inc. (OTC Bulletin Board: ACLO.OB), a leading
China-based distributor of Samsung
memory electronic products in Hong
Kong and Southern China,
expects strong fourth quarter and full year 2010 results based on
Samsung's record setting fiscal year.
Mr. Alan Yang, Chairman and Chief
Executive Officer of ACL Semiconductors, commented, "Samsung has
just wrapped up their best year yet in terms of both net sales and
net income in 2010. To have that kind of performance in a
challenging economic environment over the past year is impressive.
Along the same lines we are also expecting a strong fourth quarter
and full year 2010 results."
According to Samsung's recent earnings release, consolidated
revenue was an all-time high of 154.63
trillion won in 2010 ($138.86
billion) up 13 percent from the previous year's record of
136.32 trillion won. Samsung also
indicated that operating profit for 2010 was 16.15 trillion won.
Mr. Yang continued, "With the rise of tablet devices, consistent
growth sales of mobile phones and continued demand in LCD TV's, we
are expecting another strong year for Samsung in 2011. Likewise it
signals a strong year for ACL as we look forward to providing high
quality Samsung products and value added services to our network of
customers in the coming year."
About ACL Semiconductors
ACL Semiconductors distributes electronic components under the
"Samsung" brand name to the Hong
Kong and South China
markets. The memory chips are used in a broad range of consumer
electronic devices including mobile phones, laptop computers and
MP3 players. For more information about ACL Semiconductors please
visit ACL Semiconductors' corporate website at
http://www.acl-semicon.com.
Cautionary Note Regarding Forward-Looking Statements
This press release and the statements of representatives and
partners of ACL Semiconductors Inc. (the "Company") related thereto
contain, or may contain, among other things, certain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve significant risks and uncertainties. Such
statements may include, without limitation, statements with respect
to the Company's plans, objectives, projections, expectations and
intentions and other statements identified by words such as
"projects," "may," "could," "would," "should," "believes,"
"expects," "anticipates," "estimates," "intends," "plans," or
similar expressions. These statements are based upon the current
beliefs and expectations of the Company's management and are
subject to significant risks and uncertainties, including those
detailed in the Company's filings with the Securities and Exchange
Commission. Actual results (including, without limitation, results
of the Company's application to list shares of its common stock on
NASDAQ) may differ significantly from those set forth in the
forward-looking statements. These forward-looking statements
involve certain risks and uncertainties that are subject to change
based on various factors (many of which are beyond the Company's
control). The Company undertakes no obligation to publicly
update any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Investor
Contacts:
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Kun Lin Lee
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Joseph Villalta
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Chief Financial
Officer
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The Ruth Group
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ACL Semiconductors
Inc.
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+1 646-536-7003
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+1 408-981-9363
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jvillalta@theruthgroup.com
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+852-3666-9939
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klee@atlantic.com.hk
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Media Contact:
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Jason Rando
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The Ruth Group
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+1-646-536-7025
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jrando@theruthgroup.com
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SOURCE ACL Semiconductors