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China Digital Communication Group Approved for Name Change to New Energy Systems Group
NEW YORK and SHENZHEN, China, Nov 17, 2009 /PRNewswire-Asia-FirstCall via COMTEX/ --
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 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: cmtp@crescendo-ir.com
SOURCE China Digital Communication Group
http://www.chinadigitalcommunication.com
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