JINZHOU CITY, Liaoning Province, China, May 30 /Xinhua-PRNewswire- FirstCall/ -- Wonder Auto Technology, Inc. ("Wonder Auto" or the "Company"), a leading manufacturer of automotive electrical and suspension parts in China, today announced that it will exhibit at the Automotive Aftermarket Products Expo (AAPEX), to be held at the Sands Expo Center in Las Vegas, Nevada, from November 2-4, 2008.
Senior executives will host the Wonder Auto booth (#7543 - 7552) with sales and R & D personnel to assist visitors. Wonder Auto will showcase its advanced starter and alternator products as well as its rods and shafts. Catalogs and informational materials will be available to highlight the Company's broad product line and new products. This year is especially significant as Wonder Auto has developed and introduced new alternator and starter products targeting the needs of foreign markets and is experiencing rising export sales. The Company has also announced its first supply contract with a major North American OEM automotive manufacturer.
The AAPEX exhibition is ideally suited to support Wonder Auto's growing global presence. It is the world's largest trade event for the automotive aftermarket with the most global buyers and distributors in attendance to promote the Company's product sales.
AAPEX is sponsored by the Automotive Aftermarket Industry Association (AAIA) and the Motor & Equipment Manufacturers Association (MEMA), and is the most influential exhibition in the world for the estimated $267 billion automotive aftermarket industry.
AAPEX is a major feature of the annual Automotive Aftermarket Industry Week (AAIW). For 2006, the conference organizers estimated that AAIW attracted more than 117,800 trade professionals with more than 53,800 buyers estimated in attendance.
About Wonder Auto
Based in Jinzhou City, Liaoning, China, Wonder Auto, through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrical parts and suspension products. Wonder Auto was ranked second in sales revenue in the China market for automotive alternators and starters in 2006. With 5 different series and over 150 models of alternators, 70 models of starters and various suspension related parts, the Company supplies a wide range of automakers, engine producers and auto parts suppliers both in domestic China and overseas. Wonder Auto's main customers include Beijing Hyundai Motor Company, Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd., Harbin Dongan Automotive Engine Manufacturing Co., Ltd., and Tianjin FAW Xiali Automotive Co., Ltd. For more information, please log on http://www.watg.cn .
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to the use of proceeds for the recent private placement, new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors and risks mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007 and any subsequent SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.
For further information, please contact:
Yuechun Xie
Investor Relations Manager
Wonder Auto Technology, Inc.
Tel: +86-800-890-2596
Tel: +86-416-266-1186
Email: ycxie@watg.cn
Kevin Theiss
Investor Relations
The Global Consulting Group
Tel: +1-646-284-9409
Email: ktheiss@hfgcg.com
Stacy Dimakakos
Media Relations
The Global Consulting Group
Tel: +1-646-284-9417
Email: sdimakakos@hfgcg.com