CanAsia Financial Inc.: Pacific Mobile Inc. to Ship New Hyundai Mobile Phones
28 November 2011 - 5:53PM
Marketwired
CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX
VENTURE:CNA) announces that Mondeo Development Group Ltd., a
wholly-owned subsidiary of CanAsia, has changed its name to Pacific
Mobile Inc. ("Pacific Mobile"). Pacific Mobile has the exclusive
rights to design, manufacture and distribute Hyundai mobile phones
for the Philippine markets.
Pacific Mobile has produced its first two new models of Hyundai
mobile phones, HYUNDAI H300 and HYUNDAI Q800, and received the
certificate de conformite ("CE") for these models. The CE certified
compliance of these products with the essential health and safety
requirements of the relevant CE directives enables these units to
be sold on any of the CE certification markets. Both H300 and Q800
models are multi-function feature phones tailored for the
mid-market consumers in the Philippines. The first shipment of
6,000 units of these new models is scheduled for delivery next
week. Additional shipments are expected to follow subsequent to the
holiday season's promotions.
Pacific Mobile will continue to develop new models of Hyundai
phones and seek revolutionary mobile technologies, market expertise
and capital to support its growth.
About Hyundai Corporation
Hyundai Corporation is one of Korea's leading companies
involving in a wide range of businesses including steel, heavy
machinery, ships, automobiles, electronics and basic commodities.
It is also working with select partners to bring Hyundai-branded
electronics and other consumer products to households worldwide,
and has seen remarkable growth in the sale of mobile phones,
digital cameras and home audio/video systems. Hyundai Corporation
has many years of experience in global trade, solid financing
capabilities, and unparalleled regional and local expertise through
its network worldwide. (www.hyundaicorp.com)
About CanAsia
CanAsia is an Alberta registered company listed on the TSXV. It
engages in the business of original design, manufacture and
distribution of Hyundai brand mobile phones for the Philippines and
components of mobile camera modules to leading mobile phone and
computer makers in China. It is one of the six independent mobile
camera module manufacturers in China producing high resolution
camera modules higher than 3 million pixels. Pacific has an
in-house Class-100 Clean Room facility which is required for state
of the art Chip on Board and Chip of Flex technological
applications. CanAsia has offices in Canada, Hong Kong, China and
the Philippines, with a total staff of approximately 135.
(www.canasiafinancial.com)
Forward-looking statements:
This press release may contain forward-looking statements about
certain of the Company's current plans, goals and expectations
relating to future sales of cell phones and financial conditions,
performance, results, strategy and objectives. Statements
containing the words: 'believes', 'intends', 'expects', 'plans',
'seeks' and 'anticipates' and any other words of similar meaning
are forward-looking. All forward-looking statements involve risk
and uncertainty because they relate to future events and
circumstances beyond the Company's control. As a result, the
Company's actual financial condition, performance and results may
differ materially from the plans, goals and expectations set out in
the forward-looking statements. Any forward-looking statements are
made as of the date of this release and, other than as required by
applicable securities laws, the Company does not assume any
obligation to update or revise them to reflect new events or
circumstances.
The TSX Venture Exchange Inc. nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) does not accept responsibility for the adequacy
or the accuracy of this release.
Contacts: CanAsia Financial Inc. Barry Pearson Director (403)
836-9118contactus@canasiafinancial.com
CanAsia Financial Inc. (TSXV:CNA)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
CanAsia Financial Inc. (TSXV:CNA)
Historical Stock Chart
Von Jul 2023 bis Jul 2024