SHENZHEN, China, Jan.. 27, 2011
/PRNewswire-Asia-FirstCall/ -- New Energy Systems Group (NYSE Amex:
NEWN) ("New Energy" or the "Company"), a vertically-integrated
original design manufacturer and distributor of lithium ion
batteries and mobile power systems, announced today that the
Company has expanded its product offering for China Unicom's retail
kiosks to five models sold in 39 China Unicom locations in:
Beijing, Changchun, Guangzhou, Harbin, Hohhot, Hulunbeier, Jinzhong and
Shenyang.
"We continue to see an increasing demand for our products in
China and are especially delighted
with the initial success of this program with China Unicom.
We are excited about this opportunity because it further
validates the high quality of our product offerings and provides a
new distribution channel for our products," stated Jack Yu, Chairman of New Energy. "We are
very pleased our distributors are now selling New Energy's
MeePower®-branded products exclusively to China Unicom's kiosks.
We believe China Unicom is the second largest mobile phone
operator in China and the
exclusive reseller of iPhones in China. We further believe China Unicom
has an estimated 165 million mobile phone subscribers who are
increasingly requiring the type of mobile power sources that New
Energy manufactures," Yu concluded.
Since late 2010, New Energy's distributors have increased sales
to 39 China Unicom kiosks after a successful pilot program with 3
kiosks in October 2010. The pilot
program initially included one MeePower® product for the iPhone 3
and 4, but due to strong demand for the products, participating
distributors have expanded MeePower®'s product offering to a total
of five products and increased the number of China Unicom locations
selling New Energy products from 3 to 39. The Company's
distributors are actively looking to increase the number of China
Unicom kiosks selling MeePower® products and further expand the
numbers of models offered.
New Energy sells consumer electronics mobile charging products
in China primarily under the brand
name Anytone® for leading consumer electronic and cell phone
manufacturers. New Energy's "Made for iPhone, iPod and iPad"
mobile charging product line are sold to consumer electronic stores
and cell phone retailers in 25 provinces throughout China under the Anytone® brand. The MeePower®
brand was established primarily for international markets where New
Energy is actively pursuing distribution.
"After careful consideration, we decided to market our MeePower®
brand in China through China
Unicom at a premium to Anytone®-branded products sold to other
retailers. This has allowed us to sell more high margin
products and to have our products sold by a marquee customer like
China Unicom," stated Mr. Yu.
About New Energy Systems Group
New Energy Systems Group ("New Energy") 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.
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:
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COMPANY
New Energy Systems
Group
Ken Lin, VP of Investor
Relations
Tel: +1-917-573-0302
Email: ken@newenergysystemsgroup.com
Web: www.newenergysystemsgroup.com
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INVESTOR
RELATIONS
John Mattio, SVP
HC International,
Inc.
Tel: US
+1-203-616-5144
Email: john.mattio@hcinternational.net
Web: http://www.hcinternational.net
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SOURCE New Energy Systems Group