CTDC Reaffirms Commitment to Solar Projects Investment
July 20 2011 - 1:02PM
China Technology Development Group Corporation (Nasdaq:CTDC)
("CTDC" or the "Company"), a growing clean energy group that
provides solar energy products and solutions, based in Hong Kong
with sales offices in Milan and Munich, announced today that the
Company has reaffirmed its commitment to solar projects investment
and plans to file its interim report for 2011 with the SEC by the
end of August.
"We are very pleased to have PricewaterhouseCoopers as our
auditor for the past two years, which sets us apart from
problematic companies in the China space," Zhenwei Lu, Chief
Financial Officer of CTDC, said. "We are gaining traction on the
investment and construction of solar parks in Italy as our business
model is geared towards providing equity and loans for PV
projects."
"Our current majority shareholders will not rule out the
possibility of increasing their holdings of CTDC shares as a way of
supporting our growth," Alan Li, Chairman and CEO of CTDC, said.
About China Technology Development Group Corporation
(Nasdaq:CTDC)
CTDC, a fast-growing clean energy group based in Hong Kong,
provides solar energy products and solutions to the global market
under the "LSP" brand.
For more information, please visit http://www.chinactdc.com
Forward-Looking Statement Disclosure:
It should be noted that certain statements herein which are not
historical facts, including, without limitation, those regarding:
A) the timing of product, service and solution deliveries; B) the
Company's ability to develop, implement and commercialize new
products, services, solutions and technologies; C) expectations
regarding market growth, developments and structural changes; D)
expectations regarding the Company's product volume growth, market
share, prices and margins; E) expectations and targets for the
Company's results of operations; F) the outcome of pending and
threatened litigation; G) expectations regarding the successful
completion of contemplated acquisitions on a timely basis and the
Company's ability to achieve the set targets upon the completion of
such acquisitions; and H) statements preceded by "believe,"
"expect," "anticipate," "foresee," "target," "estimate,"
"designed," "plans," "will" or similar expressions are
forward-looking statements. These statements are based on
management's best assumptions and beliefs in light of the
information currently available to it. Because they involve risks
and uncertainties, actual results may differ materially from the
results that the Company currently expect. Factors that could cause
these differences include the risk factors specified on the
Company's annual report on Form 20-F for the year ended December
31, 2010 under "Item 3.D Risk Factors." Other unknown or
unpredictable factors or underlying assumptions subsequently
proving to be incorrect could cause actual results to differ
materially from those in the forward-looking statements. The
Company does not undertake any obligation to update publicly or
revise forward-looking statements, whether as a result of new
information, future events or otherwise, except to the extent
legally required.
CONTACT: Weining Zhang, Chief Communications officer
China Technology Development Group Corporation
Tel: +1 415 358 0899
Email: ir@chinactdc.com
Web: www.chinactdc.com
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