DF China Technology Inc. Changes Its Name to China Technology Global Corporation and Trading Symbol from DFCTF to CTGLF
DF China Technology Inc. Changes Its Name to China Technology Global Corporation and Trading Symbol from DFCTF to CTGLF
HONG KONG, Feb. 7 /Xinhua-PRNewswire-FirstCall/ -- China Technology Global Corporation (OTC Bulletin Board: CTGLF; the "Company"), formerly known as DF China Technology Inc. (BULLETIN BOARD: DFCTF) , a leading provider of information technology solutions for the logistics and supply chain management industry in China and Hong Kong, announced today an official change of its name to China Technology Global Corporation. The Company also received a notification from NASDAQ officials regarding a change in the Company's trading symbol from DFCTF to CTGLF, which automatically became effective on February 7th to more closely reflect the Company's new name. The ticker symbol change does not otherwise affect the trading in the Company's common shares.
Frank Fan, Ph.D., the President and CEO of China Technology Global Corporation, commented, "The new name, China Technology Global Corporation, mirrors the direction our Company has taken in the recent past and much more closely reflects our strategy of becoming a truly global technology company."
About China Technology Global Corporation
China Technology Global Corporation (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:
China Technology Global Corporation
Leon Zhou, CFO, EVP
Tel: +852-2255-0632
Email: leonzhou@dichainasia.com
Alan Stone & Company, LLC
Alan Stone, Managing Director
Tel: +1-212-521-4102
Email: astone@alanstone.com
Rand Brenner, Associate
Tel: +1-310-444-3940
Email: randbrenner@earthlink.net
David Kaplan, Associate
Tel: +1-212-521-4102
Email: davidkaplan316@yahoo.com
Source: China Technology Global Corporation
CONTACT: Leon Zhou, CFO, EVP, China Technology Global Corporation,
+852-2255-0632, leonzhou@dichainasia.com; Alan Stone, Managing Director,
+1-212-521-4102, astone@alanstone.com, Rand Brenner, Associate,
+1-310-444-3940, randbrenner@earthlink.net, or David Kaplan, Associate,
+1-212-521-4102, davidkaplan316@yahoo.com, all of Alan Stone & Company, LLC,
for China Technology Global Corporation
Web site: http://www.dichainchinatech.com/
-------
Profile: intent
0 Comments:
Post a Comment
<< Home