BEIJING, March 7 /Xinhua-PRNewswire-FirstCall/ -- Qiao Xing Mobile
Communication Co., Ltd. ("Qiao Xing Mobile" or "the Company") (NYSE: QXM),
one of China's leading domestic manufacturers of mobile handsets through
its subsidiary CEC Telecom Co., Ltd. ("CECT"), today announced it has
established strategic cooperative relations with Joyo Amazon, a subsidiary
of Amazon.com, Inc. and one of the largest online stores in China.
According to the strategic cooperation agreement signed by the two sides,
Joyo Amazon is authorized as a core partner of CECT and will become an
important online retail platform for CECT major mobile phone products.
Mr. Wu Zhiyang, chairman of Qiao Xing Mobile commented, "CECT is
committed to channel innovation in mobile phone marketing and has
constantly been on the lookout for reliable partners in the Internet field.
Joyo Amazon is one of the largest online stores in China, possessing a very
high level of management and marketing capabilities. We are optimistic that
this partnership will provide us with an effective channel to market our
products and, at the same time, help lower our distribution and operating
costs. Our differentiated handsets often have fairly unique features and
the Internet, which has the ability to provide rich contents, is a perfect
media to create awareness of and promote these features."
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.
For more information, please visit http://www.qxmc.com .
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 July 26, 2007, and Qiao Xing Mobile
undertakes no duty to update such information, except as required under
applicable law.
PR Newswire
