Qiao Xing Mobile’s Subsidiary, CECT, Launches Innovative Wrist Watch Mobile Phone
W100 Believed to be First Watch Phone in China
BEIJING--(BUSINESS WIRE)--Qiao Xing Mobile Communication Co., Ltd. (“Qiao Xing Mobile” or the “Company”) (NYSE: QXM), one of China’s leading domestic manufacturers of mobile handsets which operates its business primarily through its subsidiary, CEC Telecom Co., Ltd. (“CECT”), today announced the launch of one of the Company’s most innovative products to date, the W100 Wrist Watch phone. The W100 has the following features:
The phone will appear in stores in mid-September. The Company plans to introduce TV infomercials to help market and sell the product.
According to Mr. Wu Zhi Yang, Chairman of QXM, “We are extremely excited by this product, which represents the culmination of many months of hard work and the close and successful collaboration among our marketing, sales and product development teams. Given the truly unique features of this phone, we think it will not only see favorable reception in the market, but we also believe that it could help enhance the overall recognition of our brand in China.”
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 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 August 14, 2007, and Qiao Xing Mobile undertakes no duty to update such information, except as required under applicable law.