ALLEN PARK, MI -- (MARKET WIRE) -- 12/10/08 -- DIAS Holding, Inc. (OTCBB: DSHL) disclosed today the signing of a preliminary strategic alliance agreement between its Detroit International Auto Salon (DIAS) subsidiary and the organizers of the annual China International Auto Parts Expo (CIAPE) that was concluded at Wayne County Delegation's Investment Promotion Seminar in Beijing. "This event was one of the major highlights for our 36-person delegation visiting Shanghai, Wuxi, Chongqing, Changchun and Beijing, where we were greeted by mayors, directors, CEOs of top businesses, and other government officials. This was our fourth annual trade mission," stated Dr. Mulugetta Birru, Director of WCED.
CIAPE is the largest annual exhibition of China's growing automotive industry businesses, with an estimated 2,500 exhibitors spanning 100,000 square meters showcasing the products and services from the 12 automotive production bases certified by the Chinese government in Changchun, Tianjin, Shanghai, Chongqing, Wuhan, Wuhu, Taizhou, Xiamen, Baoding, Guangzhou, Hefei and Liuzhou. This year, CIAPE was held at the new China International Exhibition Center, capable of handling the +100% expected increase in exhibitors verses 2007.
"CIAPE is sponsored by the Ministry of Commerce," stated Michael Wesney, President of DIAS. "According to their regulations, admittance to CIAPE by China's domestic automotive enterprises is based upon reaching a certain business scale and absence of any record of infringement on intellectual property rights. This is a significant step by the central government to validate the legitimacy of these businesses to the international marketplace," he added.
"Over several months, we established a mutually beneficial model in which our DIAS subsidiary will facilitate networking U.S. companies into the CIAPE organization, and the CIAPE organizers will promote exploring the North American market through DIAS," announced Eric Huang, Chairman & CEO of DIAS Holding, Inc.
About the DIAS Holding, Incorporated:
DIAS Holding, Inc. ("DSHL") is a Delaware Corporation servicing 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.
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