BEIJING, Oct. 11 /Xinhua-PRNewswire/ -- 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 its ground breaking product,
the TD-SCDMA mobile handset G100.
This latest innovative model consists of state-of-the-art features
allowing users to experience the full range of 3G content, including video
conferencing and high-speed internet functions. Further to the Company's
principle strategy of developing differentiated mobile handsets with value-
added features, the new G100 will also be equipped with some of CECT's most
popular original features, such as the well-known ultra-long standby
battery, voice recognition, multimedia player and a high resolution camera.
Commenting on the new model, Mr. David Li, the CEO of Qiao Xing Mobile,
"I am very pleased with our new breakthrough. It will provide our customers
with all of the functions they need to use and experience the forthcoming
3G technology. I am also very grateful for the hard work our team here has
put into developing the phone."
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.
Safe Harbor Statement
This press release 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 October 11, 2007, and Qiao Xing
Mobile undertakes no duty to update such information, except as required
under applicable law.
For further information:
Ma Tao
Qiao Xing Mobile Communication Co., Ltd.
Tel: +86-10-6250-1706
Email: matao@qxmc.com
Shelldy Cheung
Christensen
Tel: +852-2117-0861
Email: scheung@ChristensenIR.com
Christopher Gustafson
Christensen
Tel: +1-212-618-1978
Email: cgus@christensenIR.com
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