BEIJING, Jan. 18 /Xinhua-PRNewswire-FirstCall/ -- Qiao Xing Mobile
Communication Co., Ltd. ("Qiao Xing Mobile" or "the Company") (NYSE: QXM),
one of China's leading domestic manufacturers of mobile handsets through
its subsidiary CEC Telecom Co., Ltd. ("CECT"), today announced the launch
of its new C3100 handset model that targets the low-end and rural markets
with a bright LED flashlight and long standby time. The retail price of
RMB499 is expected to make the handset attainable to a wide variety of
consumers.
The C3100 has the following features:
-- LED Flashlight -- The C3100 offers a bright flashlight powered by six
light-emitting diodes (LED)
-- Long standby time -- The handset can run for over 25 days in standby
mode without a recharge
-- Large letter display -- The handset can display larger letters that can
be helpful for senior citizens
-- 500 name phone book -- The C3100 offers enough memory to store 500
names in the phone book
According to Mr. Wu Zhi Yang, Chairman of QXM, "We launched the C3100
through TV infomercials at the beginning of January of this year and we are
pleased with the initial sales. This is our first foray into the low-end
market and we believe we have developed a highly differentiated product
that will not only appeal to a number of mass-market consumers, especially
in rural areas that have inconsistent access to power, but it will also
provide us with the same high margins that we have been able to maintain in
almost all of our current handset categories. We are expecting this latest
handset to be a high volume seller for us in 2008."
About Qiao Xing Mobile Communication Co., Ltd.:
Qiao Xing Mobile Communication Co., Ltd. is one of the leading domestic
manufacturers of mobile handsets in China in terms of unit sales volume.
The Company manufactures and sells mobile handsets based primarily on
Global System for Mobile Communications, or GSM, global cellular
technologies. It operates its business primarily through CEC Telecom Co.,
Ltd., or CECT, its 96.6%-owned subsidiary in China. Currently, all of its
products are sold under the "CECT" brand name. Through its manufacturing
facility in Huizhou, Guangdong Province, China, and two research and
development centers in Huizhou and in Beijing, the Company develops,
produces and markets a wide range of mobile handsets, with increasing focus
on differentiated products that generally generate higher profit margins.
For more information, please visit http://www.qxmc.com .
Safe Harbor Statement
This announcement contains forward-looking statements, as defined in
the safe harbor provisions of the U.S. Private Securities Litigation Reform
Act of 1995. In some cases, these forward-looking statements can be
identified by words or phrases such as "aim," "anticipate," "believe,"
"continue," "estimate," "expect," "intend," "is /are likely to," "may,"
"plan," "potential," "will" or other similar expressions. Statements that
are not historical facts, including statements about Qiao Xing Mobile's
beliefs and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of factors
could cause actual results to differ materially from those contained in any
forward- looking statement. Information regarding these factors is included
in our filings with the Securities and Exchange Commission. Qiao Xing
Mobile does not undertake any obligation to update any forward-looking
statement, except as required under applicable law. All information
provided in this press release is as of January 18, 2008, and Qiao Xing
Mobile undertakes no duty to update such information, except as required
under applicable law.
For further information, please call:
Ma Tao
Qiao Xing Mobile Communication Co., Ltd.
Tel: +86-10-6250-1706
Email: matao@cectelecom.com
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