SOURCE: Asia Electrical Power International Group Inc.

March 05, 2008 09:15 ET

Asia Electrical Power Announces Opening of New Manufacturing Facilities

New State-of-the-Art Facilities Will Increase Manufacturing Capacity Tenfold to Meet Drastic Increase in Demand

LAS VEGAS, NV--(Marketwire - March 5, 2008) - Asia Electrical Power International Group, Inc. (OTCBB: AEPW) ("Asia Electrical"), a leading manufacturer of secondary electrical power systems in China, today announced that it has successfully completed its move to its recently completed state-of-the-art, 330,000 sq. ft. manufacturing facilities. Included in the complex of 6 buildings is a housing facility for up to 1200 employees.

The brand new complex enables the Company to increase its manufacturing capacity by over tenfold to meet the current overwhelming demand for its products. The 17th National Congress of the People's Republic of China recently mandated that the country's electrical power infrastructure be increased by a minimum of 45% per year for the next 10 years. In its new facilities, the Company is now in a position to meet this drastic increase in demand.

"The opening of our new facilities marks the achievement of a major milestone in our growth strategy," commented Yulong Guo, Asia Electrical Power's Chairman and Chief Executive Officer. "Anticipating the need for a large increase in China's electrical power infrastructure, we designed the facilities to meet significant growth in orders. We are very pleased to have the new facilities open at the optimal time to take full advantage of the increased demand caused by the recent governmental mandate."

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About Asia Electrical Power

Asia Electrical Power International Group, Inc., through its wholly owned subsidiary Asia Electrical Power Co. Ltd., is a leading manufacturer of secondary electrical power systems in China. The Company is a high technology enterprise dedicated to manufacturing the finest components in secondary electrical power systems, such as cabinet-type electric substations, outdoor switching-mechanisms, cable feeder pillars and switching elements, and to becoming a leading global player in the sales of high, medium and low voltage, complete-set equipment. The Company has a proven track record of robust growth and a promising outlook for substantial earnings growth through expanded market penetration as well as investment in the exploding electrical power industry sector throughout China, elsewhere in Asia and beyond to the Americas. For additional information, please visit

Forward-looking statement: Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future sales. These forward-looking statements may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, uncertainties in product demand, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products and other risk factors detailed in the company's most recent annual report and other filings with the Securities and Exchange Commission.

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