SOURCE: Asia Electrical Power International Group, Inc.
|
March 11, 2008 09:15 ET
Asia Electrical Power Announces Over $3 Million in Foreign Market Orders
New Orders Represent Company's Initial Penetration Into Foreign Markets
LAS VEGAS, NV--(Marketwire - March 11, 2008) - Asia Electrical Power International Group,
Inc. (OTCBB: AEPW) ("Asia Electrical"), a leading manufacturer of secondary
electrical power systems in China, today announced it has received over $3
million in orders from new foreign customers during the month of January.
The orders represent the Company's initial breakthrough into foreign
markets. With the recent opening of their new 330,000 sq. ft.
state-of-the-art manufacturing facilities, Asia Electrical is now able to
expand aggressively in both domestic and international markets.
"In our previous facilities we were hindered by our capacity and could not
aggressively pursue foreign sales," commented Yulong Guo, Asia Electrical
Power's Chairman and Chief Executive Officer. "These initial orders
represent an increase of over 155% from the total revenues generated in all
of first quarter 2007 and confirm the level of demand for our products
internationally. We are looking forward to increasing our market share in
international markets now that we have the manufacturing capacity to meet
both the anticipated domestic and international growth in demand."
If you would like to be added to Asia Electrical's investor email list
please contact Zack Noory with Nexus Investor Relations at
znoory@nexusir-online.com.
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 www.asiaelectricalpower.com.
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.