China Digital Communication Group Approved for Name Change to New Energy Systems Group
November 17 2009 - 4:00PM
PR Newswire (US)
NEW YORK and SHENZHEN, China, Nov. 17 /PRNewswire-Asia-FirstCall/
-- China Digital Communication Group (OTC:CMTP) (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 conjunction with
the name change, the company's CUSIP number will be changed to
643847106 and the stock will begin trading under the ticker symbol
"NEWN" on November 18, 2009. Mr. Fushun Li, Chief Executive
Officer, commented, "With uses for our light weight, high powered
batteries running the gamut from cell phones, laptops, MP4s and
other digital products to solar applications, we believe that our
new name better defines us and our mission. We received shareholder
approval for the change in August and are pleased to announce this
milestone for the company." About China Digital Communication Group
China Digital Communication Group is a leading manufacturer and
distributor of lithium ion batteries. The company assembles and
distributes finished batteries through its sales network and
channel partners. The company also sells high-quality lithium-ion
battery shell and cap products to major lithium-ion battery cell
manufacturers in China. The company's products are used to power
mobile phones, MP3 players, laptops, digital cameras, PDAs, camera
recorders and other consumer electronic digital devices. Additional
information about the company is available at
http://www.chinadigitalcommunication.com/ . Forward Looking
Statements Except for the historical information, the matters
discussed in this news release may contain forward-looking
statements, including, but not limited to, factors relating to
future sales. These forward-looking statements may involve a number
of risks and uncertainties. Actual results may differ materially
based on a number of factors, including, but not limited to,
uncertainties in product demand, risks related to doing business in
China, the impact of competitive products and pricing, changing
economic conditions around the world, release and sales of new
products and other risk factors detailed in the Company's most
recent annual report and other filings with the Securities and
Exchange Commission. For more information, please contact:
Crescendo Communications, LLC David Waldman or Klea Theoharis Tel:
+1-212-671-1020 Email: DATASOURCE: China Digital Communication
Group CONTACT: Crescendo Communications, LLC, David Waldman or Klea
Theoharis, +1-212-671-1020, or Web site:
http://www.chinadigitalcommunication.com/
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