Attached files
| file | filename |
|---|---|
| 8-K - SRKP 22 Inc | v188723_8k.htm |
| EX-10.1 - SRKP 22 Inc | v188723_ex10-1.htm |
| EX-99.1 - SRKP 22 Inc | v188723_ex99-1.htm |
China
Intelligent Lighting and Electronics, Inc. Announces
Pricing
of Public Offering of Common Stock
HUIZHOU,
China, June 17, 2010-- China Intelligent Lighting and Electronics, Inc. ("China
Intelligent" or the "Company") (NYSE Amex: CIL; CUSIP No: 16890G202), today
announced the pricing of its public offering of 3,350,000 shares of common stock
at a price of $3.00 per share. The underwriters have a 45-day option to purchase
up to an additional 502,500 shares of common stock from the Company and selling
shareholders solely to cover over-allotments, if any. The offering is expected
to close on June 23, 2010, subject to customary closing conditions. Net proceeds
from the offering are expected to be used for the expansion of the Company's
manufacturing and production of LED components, for research and development
focused on LED technologies and for working capital and general corporate
purposes.
Rodman
& Renshaw, LLC ("Rodman"), a subsidiary of Rodman & Renshaw Capital
Group, Inc. (Nasdaq:RODM - News), acted as book-running manager and WestPark
Capital, Inc. ("WestPark") acted as co-manager for the offering.
A
registration statement relating to these securities has been declared effective
by the Securities and Exchange Commission (the "SEC"). The offering will be made
solely by means of prospectus, copies of which may be obtained from either
Rodman or WestPark. Rodman is located at 1251 Avenue of the Americas, New York,
NY 10020, and can be reached by calling 212-430-1710 or email: info@rodm.com.
WestPark headquarters is located at 1900 Avenue of the Stars, Suite 310, Los
Angeles, CA 90067, and can be reached by calling 310- 843-9300. An electronic
copy of such prospectus is also available on the web site of the SEC at
http://www.sec.gov .
This
press release shall not constitute an offer to sell or a solicitation of an
offer to buy any of the securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About
China Intelligent Lighting and Electronics, Inc.
China
Intelligent Lighting and Electronics, Inc. (NYSE Amex: CIL; CUSIP No: 16890G202)
is a China-based company that provides a full range of lighting solutions,
including the design, manufacture, sales and marketing of high- quality LED and
other lighting products for the household, commercial and outdoor lighting
industries in China and internationally. The Company currently offers over 1,000
products that include LEDs, long life fluorescent lights, ceiling lights, metal
halide lights, super electric transformers, grille spot lights, down lights, and
recessed and framed lighting.
Forward-looking
Statements
Safe
Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
Certain of the statements made in the press release constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. These statements can be identified by the use of forward-looking
terminology such as "believe," "expect," "may," "will," "should," "project,"
"plan," "seek," "intend," or "anticipate" or the negative thereof or comparable
terminology. Such statements typically involve risks and uncertainties and may
include financial projections or information regarding the progress of new
product development. Actual results could differ materially from the
expectations reflected in such forward-looking statements as a result of a
variety of factors, including our ability to maintain and increase revenues and
sales of our products, our ability to develop and market new products, our
strategic investments and acquisitions, compliances and changes in the laws of
the People's Republic of China (the "PRC") that affect our operations, and
vulnerability of our business to general economic downturn, especially in the
PRC, and other risk factors detailed in reports filed with the Securities and
Exchange Commission from time to time.
For
more information, please contact:
Investor
Relations:
Taylor
Rafferty, US
Delia
Cannan, Investor Relations
Tel: +1-212-889-4350
Email:
ChinaIntelligentLighting@taylor-rafferty.com
Taylor
Rafferty, Hong Kong
Ruby
Yim, Investor Relations
Tel: +852-3196-3712
Email:
ChinaIntelligentLighting@taylor-rafferty.com