Qiao Xing Mobile's Subsidiary, CECT, Launches Innovative Wrist Watch Mobile Phone
14 August 2007 - 3:56PM
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: 65k TFT-LCD touch screen- The touch screen
makes the phone extremely easy to see and use. 1GB T-flash
extendable memory, multi-media & connectivity functions- The
handset comes with 1GB of flash memory that provides ample
flexibility for data storage, and offers enhanced multi-media and
connectivity features, including MP3, Mpeg4, instant messaging,
Blue tooth, and a surround sound Bluetooth headset. FM radio- The
W100 offers a built-in FM radio; Camera- The phone is equipped with
a 1.3 megapixel camera Colorful design- The W100 comes in 7 colors
that will allow it to fit the tastes of a wide variety of users.
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.
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