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  • New Energy Systems Group (NEWN.OB) Moving to NYSE AMEX 0 comments
    Aug 16, 2010 11:03 AM | about stocks: NEWN
    New Energy Systems Group, newenergysystemsgroup.com – li-ion (lithium-ion) battery and backup power system original design manufacturer (ODM) and innovator focused on delivering full spectrum battery and component/accessory solutions for the booming mobile/telecom market, announced approval to list its common stock on the NYSE AMEX today.

    Trading under the existing symbol NEWN is projected to begin August 16 for this dynamic company whose end-user/consumer products are widely known throughout China under the Anytone brand name.

    The rapid acceleration of the technology curve in mobile devices, laptops, digital cameras, cell phones, MP3 players, et al., especially in China, combined with a huge and expanding middle class, has produced a perfect storm of demand for which NEWN is ideally positioned.

    Chairman of NEWN, Mr. Weihe Yu, signified his honor to be listed on “NYSE AMEX, one of the world’s preeminent stock exchanges” by characterizing this move to the exchange as a major milestone for the Company and by pledging eternal vigilance in the circumspect maintenance of strict corporate governance protocols.

    Mr. Weihe Yu sagely detailed the increased visibility afforded by this listing on NYSE AMEX as well, projecting that greater exposure to the investment community as a whole will produce an abundance of fruitful shareholder relationships as people catch on to the secret of NEWN’s success.

    CEO of NEWN, Mr. Nian Chen, cited the tireless efforts, determined focus and shrewd development of a sound infrastructure, which ensures compliance with the fundamental credentials needed to qualify for listing on NYSE AMEX.

    Mr. Nian Chen cited robust revenue generation and solid EPS growth as illustrative of the hard work of NEWN’s dedicated personnel, and expressed considerable excitement about the future opportunities accessible to the Company’s consumer products, including its high-powered Li-ion battery solutions.

    Economies of scale, a vast and efficient distribution network, a strong organic growth model, increased output capacity at its production facilities, and higher profit margins in FY10 all contribute to sweetening the deal for NEWN shareholders, and Mr. Nian Chen promised to update investors as new developments unfold surrounding the Company’s exploits.

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net


    Disclosure: no positions
    Stocks: NEWN
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