SOURCE: DIAS Holding, Inc.

DIAS Holding, Inc.

March 04, 2009 06:00 ET

Chicago PRC Consul-General Excited About Detroit International Auto Salon Business Model -- Encourages DIAS to Collaborate

ALLEN PARK, MI--(Marketwire - March 4, 2009) - People's Republic of China's Consul-General in Chicago, Honorable Ping Huang, encouraged the Detroit International Auto Salon (subsidiary of DIAS Holding, Inc. (OTCBB: DSHL)) to pursue its year-round exhibition initiative.

Accompanied by Mr. Guo-wen Chen and Mr. Wei-jia Wang of his Chicago office, and Mr. Ling-yan Yan, executive vice president of the Detroit Chinese Business Association, Mr. Huang toured the interim facilities of the Detroit International Auto Salon in Allen Park. "I am amazed by this bold, and new concept, and I believe it will be very successful at the Detroit Metro Airport," stated the Consul-General.

This visit comes after the January announcement of a similar venture in St. Louis where the Chinese Ambassador to the U.S. met with local and state leaders to announce the formation of a partnership called the Midwest/China Hub Commission (http://www.stlrcga.org/x3667.xml).

"We are honored by the Consul-General's visit. It was the perfect follow up to the November 2008 Wayne County trade delegation that has made numerous successful trade agreements with Wayne County businesses and government over several years. We plan to re-double our efforts to engage with Chinese manufacturers to show their products and services at DIAS," commented Eric Huang, Chairman & CEO, DIAS Holdings.

About the DIAS Holding, Incorporated:

DIAS Holding, Inc. ("DIAS," f/k/a JPC Capital Partners) 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.

Forward-Looking Statement

This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, sales of products and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to execute its business plans, domestically and internationally, to exploit its strategic partnerships, to gain customer and potential customer acceptance of its products, to manage currency and commodity fluctuations and raw material cost increases and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans or projections will be achieved.

Contact Information

  • For more information, contact:

    DIAS Holding Investor Relations
    Michael Wesney
    Email Contact
    (313) 928-1272