China Keli Expands Sales in Guangxi Province of China
29 Novembre 2010 - 7:37PM
Marketwired
China Keli Electric Company Ltd. (TSX VENTURE: ZKL) ("China Keli"
or the "Company") is pleased to announce that since August 2010,
Zhuhai Keli Electric Co., Ltd. ("Zhuhai Keli"), the Company's
operating subsidiary in the People's Republic of China ("PRC"), has
continued to win a series of competitively bid projects offered by
Guangxi Provincial Power Grid Corporation of China Southern Power
Grid (one of the only two power grids in PRC). In this fiscal year
(starting May 1, 2010), the total value of the bid projects which
Zhuhai Keli has won in Guangxi Provincial Power Grid, has reached
RMB 15,088,960 (approximately C$2,318,000). Together with contracts
from other users, the total contract value which Zhuhai Keli has
won in Guangxi Province so far this fiscal year exceeds RMB
16,890,000 Yuan (approximately C$2,600,000). "We are very pleased
with the way we have been able to penetrate the market in Guangxi
Province," said China Keli CEO, Lou Meng Cheong, "In just one year,
our sales in this Province have increased by a factor of five to
over C$2.6 million, and we expect further expansion based on China
Keli's growing reputation for manufacturing state-of-the-art
quality products at competitive prices."
China Keli views Guangxi Province as an important market for the
Company's products both now and in the future. According to Guangxi
Provincial Power Grid Corporation, the investment in the provincial
grid and power distribution will continue to grow rapidly in the
coming years. Guangxi Province is located next to Vietnam, and each
year the province hosts the China-ASEAN Expo (ASEAN: Association of
Southeast Asian Nations, member countries include Vietnam,
Thailand, Malaysia, Philippines, Indonesia, Singapore, etc.) and
China-ASEAN Business and Investment Summit. The successful
expansion of the Company's sales efforts into Guangxi Province
should help the Company enter new markets in the ASEAN
countries.
About China Keli Electric Company Ltd.
China Keli is a hi-tech company that develops, manufactures and
installs hi-voltage electrical components and equipment, including
preassembled mini-substations, electrical controllers,
pressurized/vacuumed switchgears and circuit breakers in the
People's Republic of China. China Keli's markets include electrical
transmission and distribution systems, Smart Grid, and the
transportation sector (railways, subways, street lighting,
etc).
ON BEHALF OF THE BOARD OF DIRECTORS
Mr. Lou Meng Cheong, CEO
Mr. Kai Hong Chan, Secretary
This news release may contain forward-looking statements within
the meaning of The Private Securities Litigation Reform Act of
1995. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: China Keli Electric Company Ltd. Mr. Lou Meng Cheong
CEO (604) 270-2345 China Keli Electric Company Ltd. Mr. Kai Hong
Chan Secretary (604) 270-2345
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