WESTBURY, N.Y., Nov. 3, 2010 (GLOBE NEWSWIRE) -- Dionics, Inc. (OTCBB:DION), a semiconductor/micro-electronics manufacturer known for its high-reliability PV (photo-voltaic) MOSFET-Drivers, today issued a progress-report on steps being taken to generate growth in the rapidly expanding Chinese market-place.
According to Bernard L. Kravitz, company president, "With the help of our new investors, CML, Ltd., we have taken significant steps toward promoting increased volume for our products in the vast China-market.
- We have engaged the services of a highly-respected local Chinese consulting firm;
- We have opened a Chinese-language website, www.Dionics-China.com ;
- Through our consultants, we have an operating sales/marketing function in Beijing;
- We are in negotiations with a large number of electronics distributors who are interested in handling our high-reliability MOSFET-Drivers in the Chinese market-place;
- Our Chinese consultants are also screening several candidates for possible growth through the Merger/Acquisition route.
Kravitz further explains that "in addition to the Chinese customers we already have, our growth program anticipates adding significant volume in power-distribution applications, an integral part of ongoing economic growth in China. Some potential high-quality situations will mature quickly, while others will need some time. Those situations that are more cost-sensitive must wait for completion of our aggressive, new cost-reduction program, already well under-way. Although the market potential for our products is incredibly large," Kravitz explained, "each specific situation involves its own unique balance between the cost of our product and the application-value of its high reliability. Our selling price, therefore, will determine how fast we can grow into that huge market potential. We intend to make our new, more competitive selling price, coupled with our already unchallenged high-reliability, a combination the Chinese market-place cannot resist," he concluded.
Forward-Looking Statements
Statements contained herein that are not based on current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate", "believe", "estimate", "plan", "intend" and "expect"and similar expressions, as they relate to Dionics, Inc. or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects and opportunities to differ materially from those expressed or implied by these forward-looking statements. Certain of those factors are discussed in the Company's filings with the Securities and Exchange Commission. Except as required by the Federal Securities law, the Company does not undertake any obligations to release publicly any revisions to forward-looking statements to reflect events or circumstances after the date hereof or for any other reason.
CONTACT: Dionics, Inc. Bernard L. Kravitz, President (516) 997-7474