D F China (NASDAQ:DFCT)
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DF China Technology, Inc. Announces Trading Symbol Change to
DFCTF of Common Shares
HONG KONG, Dec. 30 /Xinhua-PRNewswire-FirstCall/ -- DF China Technology, Inc.
(OTC Bulletin Board: DFCT; "the Company"), a leading provider of information
technology solutions for the logistics and supply chain management industry in
China and Hong Kong, announced today that it received a notification from
NASDAQ officials regarding a change in the Company's trading symbol from DFCT
to DFCTF. The ticker symbol change, which will automatically become effective
on December 31, 2004, appropriately reflects the Company's foreign issuer
status according to Over-the-Counter Bulletin Board listing rules and does not
otherwise affect the trading in the Company's common shares. Shareholders are
encouraged to visit the Company's website at
http://www.dichainchinatech.com/Calendar.htm for further information.
About DF China Technology, Inc.
DF China Technology, Inc. (http://www.dichainchinatech.com/), headquartered in
Hong Kong, with operational offices located in Shenzhen, China and six other
major cities throughout PRC, designs, manufactures and sells customizable
software and hardware systems, which integrate GIS (Geographic Information
System), GPS (Global Positioning System), as well as Wireless and Web
technologies into a proprietary application platform. The Company's subsidiary,
DiChain Software, was recognized as one of the leading IT solution providers in
logistics and supply chain management in China in 2002 and 2003 by
International Data Corporation, a world leading IT consulting firm, and named
the "Best Value Added Reseller" by its strategic industry partner IBM Corp. in
2003. DiChain Software has strategic alliances with some of the world's largest
companies, including IBM, GE, Oracle, Hewlett Packard, ILOG, DELL, Motorola,
and China Mobile.
The Company's leading industry position is further leveraged by its
relationship to China Merchants DiChain Holdings Ltd, the Company's major
shareholder who is a reputable member of China Merchants Group, one of the top
50 national enterprises in the PRC with over $30 billion assets under its
management.
In the future, the Company aims to become one of the leading Chinese technology
companies by investing its resources into computer, wireless and internet
related information technologies. The Company recently announced it is changing
its name soon to "China Technology Global Corporation."
Forward-Looking Statement Disclosure
This news release contains forward-looking statements as defined by the Private
Securities Litigation Reform Act of 1995. Forward-looking statements include
statements concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that are other
than statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and service
demand and acceptance, changes in technology, economic conditions, the impact
of competition and pricing, government regulation, and other risks defined in
this document and in statements filed from time to time with the Securities and
Exchange Commission. The Company's actual results could differ from such
forward-looking statements. All such forward-looking statements, whether
written or oral, and whether made by or on behalf of the Company, are expressly
qualified by the cautionary statements and any other cautionary statements
which may accompany the forward-looking statements. In addition, the Company
disclaims any obligation to update any forward-looking statements to reflect
events or circumstances after the date hereof.
Contact:
DF China Technology, Inc.
Leon Zhou, CFO, EVP
Tel: +852-2255-0632
Email:
Investor Relations Group
Email:
Alan Stone & Company, LLC
Alan Stone, Managing Director
Tel: +1-212-521-4102
Email:
Rand Brenner, Associate
Tel: +1-310-444-3940
Email:
David Kaplan, Associate
Tel: +1-212-521-4102
Email:
DATASOURCE: DF China Technology, Inc.
CONTACT: DF China Technology, Inc. - Leon Zhou, CFO, EVP,
+852-2255-0632, , or Investor Relations Group,
; Alan Stone & Company, LLC - Alan Stone, Managing
Director, +1-212-521-4102, , or Rand Brenner, Associate,
+1-310-444-3940, , or David Kaplan, Associate,
+1-212-521-4102, , all for DF China Technology, Inc.
Web site: http://www.dichainchinatech.com/