China Keli Signs Significant Sales Contract
12 Aprile 2011 - 3:00PM
Marketwired
China Keli Electric Company Ltd. (TSX VENTURE: ZKL) ("China Keli"
or the "Company") is pleased to announce it has signed a
significant sales agreement with Guo Ao Electric Technology Company
based in Jiangsu Province. This contract worth RMB 3,025,800
(approximately CAD$450,000) calls for the supply of twelve (12)
start devices for 10kV Air Compressors. The compressors will be
used as part of the infrastructure facilities for a new $5 Billion
FOXCONN factory being built in Chengdu which will eventually employ
100,000 people.
"We're pleased that one of our products has been selected by
such a well-known company," said Lou Meng Cheong, China Keli's CEO.
"Although we're sure this isn't the biggest order we will see in
the next few months, it's always nice to secure an order for nearly
half a million dollars."
"We're very confident that we'll see some meaningful rewards for
the sales and marketing effort in which we've invested over the
last few months."
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
Legal Notice Regarding Forward Looking Statements: Certain
statements in this news release are forward-looking statements,
which reflect the expectations of management regarding the
Company's ability to close the Offering. Forward-looking statements
consist of statements that are not purely historical, including any
statements regarding beliefs, plans, expectations or intentions
regarding the future, and in this news release include: (i) the
Company will be able to supply twelve (12) start devices for 10kV
Air Compressors to Guo An Electronic Technology Company; and (ii)
the compressors will be used as part of the infrastructure
facilities for a new $5 Billion Foxconn factory in Chengdu, China.
Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect, wholly or partially. A number of risks and uncertainties
could cause our actual results to differ materially from those
expressed or implied by the forward-looking statements, including:
(1) the inability to deliver the twelve (12) start devices for 10kV
Air Compressors on the terms set out above or at all, and (2) a
downturn in general economic conditions in China or
internationally. These forward-looking statements are made as of
the date of this news release and, except as required by law, the
Company assumes no obligation to update these forward-looking
statements, or to update the reasons why actual results differed
from those projected in the forward-looking statements. Additional
information about these and other assumptions, risks and
uncertainties are set out in the "Risks and Uncertainties" section
in the Company's MD&A filed with Canadian securities
regulators.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy of this
release.
Contacts: Brisco Capital Partners Scott Koyich President (403)
262-9888 skoyich@briscocapital.com EVP Finance and Corporate
Development Michael Raymont (403) 389-3488 mraymont@zkl.com China
Keli Electric Company Ltd. Mr. Lou Meng Cheong CEO (604)
270-2345
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