QXM to Announce its 2Q 2008 Operating Results on 12 September 2008
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BEIJING, Sept. 5 /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, announced that
it will report its second quarter operating results before the U.S. market
opens on Friday, September 12, 2008. QXM's management team will hold a
conference call on the same day at 8:00am EDT (8:00pm Beijing Time) to review
the operating results and take questions.
The Company notes that the company will only report its second quarter
operating income because a third party valuation is currently being conducted
for the purposes of accounting for the $70 million convertible notes issued in
May 2008. The Company expects to announce its final results for the second
quarter in October.
Conference Call
The dial-in details for the live conference call are as follows:
-- U.S. dial-in Number 1-866-549-1292
-- HK dial-in Number 852-3005-2050
-- China dial-in Number 800-701-1223
Passcode: 213382#
Please dial in approximately 10 minutes before the scheduled time of the
call.
A live webcast of the conference call will be available on
http://www.qxmc.com .
A telephone replay of the call will be available after the conclusion of
the conference call through 11:00am Eastern Time on September 19, 2008. The
dial-in details for the replay are as follows:
-- U.S. dial-in Number 1-866-753-0743
-- HK dial-in Number 852-3005-2020
-- China dial-in Number 800-869-7680
Access Code: 137036#
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.
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 September 5, 2008, and Qiao Xing Mobile undertakes no
duty to update such information, except as required under applicable law.
For further information, please contact:
Ma Tao
Qiao Xing Mobile Communication Co., Ltd.
Tel: +86-10-8219-3706
SOURCE Qiao Xing Mobile Communication Co., Ltd.
-0- 09/05/2008
/CONTACT: Ma Tao of Qiao Xing Mobile Communication Co., Ltd., +86-10-8219-
3706 /
/Web site: http://www.qxmc.com /
(QXM)
CO: Qiao Xing Mobile Communication Co., Ltd.
ST: China
IN: CPR CSE TLS
SU: ASI CCA
ZM
-- CNF018 --
4658 09/05/2008 06:30 EDT http://www.prnewswire.com
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