DIAS Holding Announces Major Exhibition Project at Detroit Metropolitan Airport
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ALLEN PARK, Mich., May 11 /PRNewswire-FirstCall/ -- DIAS Holding, Inc. (OTC
Bulletin Board: DSHL), owner and operator of the Detroit International Auto
Salon, which features up to 300,000 square feet of exhibition space in Allen
Park for Asian companies to display their abilities as component resources,
today said it has begun planning a "Green" permanent Auto Salon at Detroit
Metropolitan Airport.
"The project is the vision and creation of DIAS Chairman and CEO Eric Huang,"
said Michael Wesney, President of the Detroit International Auto Salon, who
unveiled the concept at the Company's recent DIAS EXPO 2009. "Under one roof,
open year round to business travelers, the general public and, of course, auto
industry executives, the major domestic and international automakers, plus
parts manufacturers, aftermarket suppliers, special equipment manufacturers
and other retail businesses can display their vehicles and products."
"Customers will be able to try out a variety of new vehicles and a duty free
zone for the international traveler could allow for the car to be shipped
directly to a home or office," Mr. Huang said. "This will be a one-stop
shopping experience for the auto enthusiast, creating hundreds of jobs and
giving the Detroit economy a major boost. The facility, which could occupy up
to five million square feet, is currently in the planning stages with
groundbreaking anticipated for 2010."
"DIAS has become a great incubator to breed future companies that will create
jobs in Wayne County," said Dr. Mulugetta Birru, former Executive Director of
the Wayne County, Michigan, Economic Development Corporation. "The
state-of-the-art exhibition space it is planning in close proximity to the
airport will make DIAS a destination center attracting customers from
throughout the United States."
The week-long DIAS EXPO at the Company's Allen Park facility featured optimism
that through innovation and new technologies, the U.S. auto industry will
rebuild into even stronger and better organizations.
About DIAS Holding, Inc.:
DIAS Holding, Inc. services the multi-billion dollar industry of providing
automotive, trucking, railway and petroleum industries with raw, finished and
assembled components. The Company's major subsidiaries include Asia Forging
Supply Company, a prime contractor for a network of factories throughout Asia,
and the Detroit International Auto Salon, the largest independent, year-round
exhibition center for automotive products. For more information about DIAS
Holding, Inc., please visit www.diasholding.com.
Forward-Looking Statement
This news release includes comments that may be deemed forward-looking within
the meaning of the safe harbor provisions of U.S. Federal Securities Laws.
These include, among other things, statements about expectations of future
transactions or events, revenues, sales of products and performance.
Forward-looking statements are subject to risks and uncertainties that may
cause the company's results to differ materially from expectations. These
risks include the company's ability to complete the transaction thus open the
contemplated exhibition space, which remains subject to many obstacles,
including but not limited to obtaining any regulatory approvals, having
necessary financing, building a functional infrastructure, and other such
risks as the company may identify and discuss from time to time. Accordingly,
there is no certainty that the company's plans will be achieved.
For more information, contact:
Paul Knopick
E & E Communications
(949) 707-5365
Email contact
pknopick@eandecommunications.com
SOURCE DIAS Holding, Inc.
Paul Knopick of E & E Communications, +1-949-707-5365,
pknopick@eandecommunications.com, for DIAS Holding, Inc.
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