SHENZHEN, China, Dec. 29, 2011 /PRNewswire-Asia-FirstCall/ --
China TMK Battery Systems Inc. (OTC Bulletin Board: DFEL) ("TMK" or
"the Company") (formerly, Deerfield Resources, Ltd.), a Chinese
manufacturer and distributor of customized rechargeable battery
solutions to global consumer product companies, today announced it
has delivered payment to all eligible investors for the make good
provision as stipulated in its registration rights agreement ("the
Agreement") dated February 10,
2010.
TMK has wired the penalty funds to Escrow and Agent Service Co.,
LLC and will be distributed by check to each Investor's address of
record. TMK would like to inform all eligible investors that if
they have not received their payment, they may contact Johnnie Zarecor by phone at 540-347-2212 or by
email at jzarecor@escrowllc.net.
A copy of the registration statement can be found in the
investor relations section of the Company's website at:
http://ir.stockpr.com/tmk-battery/sec-filings?qm_page=69214
About China TMK Battery Systems Inc.
Based in Shenzhen, PRC and
founded in 1999, TMK manufactures and distributes high rate
discharge Nickel Metal Hydride ("Ni-MH") multi-cell batteries in
its manufacturing facility located in Shenzhen, China. TMK maintains a diverse
roster of large, consumer-focused clients with major production
facilities in China. The Company
works with its clients throughout the product design cycle to
develop and integrate reliable and long-lasting rechargeable power
solutions for widely used consumer products, which include home
appliances, cordless power tools, medical devices, multiple
personal communication devices and electric bicycles segments. The
Company is also focused on becoming a supplier of back-up power
solutions to the telecommunications industry and for traffic
lighting applications. Corporate Information can be found at
www.tmk-battery.com and investor information can be found at
http://ir.stockpr.com/tmk-battery/
Cautionary Statement Regarding Forward Looking
Information
This press release may contain certain "forward-looking
statements" relating to the business of China TMK Battery Systems
Inc., and its subsidiary companies. All statements, other than
statements of historical fact included herein are "forward-looking
statements" including statements regarding: the impact of the
proceeds from the private placement on the Company's short term
business and operations, including the ability of the Company to
significantly increase its Ni-MH battery manufacturing capacity and
meet its current backlog of orders; the ability of the Company to
introduce new battery types into its product portfolio while
developing Lithium-Ion battery production capabilities, sustain
aggressive growth in the coming years relative to its peers and
position the Company a vertically integrated rechargeable battery
supply solution provider; the general ability of the Company to
achieve its commercial objectives, including the ability of the
Company to sustain growth; the business strategy, plans and
objectives of the Company and its subsidiaries; and any other
statements of non-historical information. These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions,
involve known and unknown risks and uncertainties. Although the
Company believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Investors should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company's actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's periodic reports that are filed with the
Securities and Exchange Commission and available on its website
(http://www.sec.gov ). All forward-looking statements attributable
to the Company or persons acting on its behalf are expressly
qualified in their entirety by these factors. Other than as
required under the securities laws, the Company does not assume a
duty to update these forward-looking statements.
For more information, please contact:
Investor Relations:
Ted Haberfield, Managing
Partner
MZ Group
MZ North America, IR
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
SOURCE China TMK Battery Systems Inc.
