Attached files
| file | filename |
|---|---|
| 8-K - Chisen Electric Corp | v196502_8k.htm |
| EX-10.1 - Chisen Electric Corp | v196502_ex10-1.htm |
| EX-10.2 - Chisen Electric Corp | v196502_ex10-2.htm |
Chisen Electric Launches New English
Website
Aims to Enhance Communications With U.S.
Investors
ZHEJIANG,
CHINA--(Marketwire -
09/01/10) - Chisen
Electric Corporation (OTCBB: CIEC) (the "Company"), a leading lead-acid
motive battery producer for the electric bicycle market in the People's Republic
of China, announced today it has launched a new English website at www.chisenelectric.com. The redesigned site is easy to
navigate and more comprehensive in its offerings than the prior site, and seeks
to meet and exceed the informational needs of Chisen customers and
shareholders.
"We are very excited about our new
English website, which should enhance transparency with investors and customers
by providing fast, user friendly access to the exciting developments taking
place at Chisen, as we continue to grow in the environmentally friendly electric
battery industry," stated Mr. Xu Kecheng, Chairman and CEO. "The site will be
updated regularly," he added, "to provide timely information on key topics of
interest as well as to invite inquiries from readers whom we anticipate will
largely be from among our shareholder base in the U.S."
Company Description
Chisen Electric Corporation,
incorporated in Nevada, USA, and headquartered in Zhejiang Province, the
People's Republic of China, is a leading lead-acid motive battery producer for
China's personal transportation device market. The Company's battery products
are sold under its own brand names and are predominantly used in electric
bicycles. Among all types of batteries for electric bicycles, the lead-acid
motive battery is the preferred choice for electric bicycle manufacturers in
China because of its cost efficiency. In the fiscal year ended March 31, 2010,
the Company manufactured more than 14.48 million batteries and achieved a market
share of approximately 11.84% for its Lead Acid Motive Batteries for electric
bicycles in China. Recently, the Company announced plans to produce lithium ion
batteries in a dedicated, new manufacturing facility.
"Safe Harbor" Statement Under the
Private Securities Litigation Reform Act of 1995:
This news release contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are based on
current expectations or beliefs, including, statements concerning the Company's
operations, financial performance and condition. For this purpose, statements
that are not statements of historical fact may be deemed to be forward-looking
statements. The Company cautions that these statements by their nature involve
risks and uncertainties, and actual results may differ materially depending on a
variety important factors, including, but not limited to, the impact of
competitive conditions and effectiveness of marketing; changes in laws and
regulations; fluctuations in costs of production, financing and other factors as
discussed in the Company's reports filed with the Securities and Exchange
Commission from time to time, In addition, the Company disclaims any obligation
to update any forward-looking statement to reflect events or circumstances after
the date hereof. No securities regulatory authority has either approved or
disapproved the contents of this new release. The Company filings with the US
Securities and Exchange Commission, including the annual report for the fiscal
year ended March 31, 2010 on Form 10-K, can be viewed on EDGAR Online or at
www.sec.gov.
Contacts:
Mr. Liu Chuanjie
Chief Financial
Officer
ir@chisenpower.com
Ken Donenfeld
DGI Investor
Relations
kdonenfeld@dgiir.com
Ph: (212) 425-5700