China Keli Electric Co. Ltd.
TSX VENTURE : ZKL

January 05, 2011 17:27 ET

China Keli Retains Brisco Capital Partners Corp. For Investor Relations Services

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 5, 2011) - China Keli Electric Company Ltd. (TSX VENTURE:ZKL) ("China Keli" or the "Company") is pleased to announce that the Company has retained the services of Brisco Capital Partners Corp. ("Brisco") to provide investor relations services for the Company, subject to regulatory approval. Brisco is a Calgary based IR consultancy managed by Scott Koyich, an investor relations professional with 15 years of experience providing investor relations services for public companies.

Brisco takes a full service approach to investor relations and provides creative, effective results-driven investor relations programs for Canadian public companies. Brisco will assist the Company in the formulation of strategic plans to better access capital, financial networking and budgets for matters concerning the Company's corporate image. Brisco will also assist in the preparation of corporate information regarding the activities, developments and prospects of the Company and distribution of such information to the investment community. Brisco has a proven professional service record in the presentation of emerging and growth companies to a wide and diverse set of relevant audiences.

The term of the agreement between China Keli and Brisco is for a 12-month period, may be extended by mutual consent. Brisco will receive a monthly fee of $7,500 and will be granted 450,000 stock options. The stock options will vest equally and quarterly over the first 12 months after issuance. The stock options expire at the earlier of 30 days after termination of the agreement, or 2 years from the date of issuance.

China Keli looks forward to working with Scott and Brisco to broaden the awareness of the Company's exciting progress as a rapidly growing, profitable company focussed on the exceptional large growth market of power distribution products in SE. Asia, especially China.

The Company is also pleased to announce the appointment of Dr. Michael Raymont, currently a Director of the Company, to the position of EVP Finance and Business Development. Dr. Raymont's experience and presence in North America will help the Company expand awareness with stakeholders and the investment community. "We are very pleased to have someone with Dr. Raymont's expertise join China Keli at this exciting time in the Company's growth," said Madame Wong, Chairperson, China Keli.

About China Keli Electric Company Ltd.

China Keli is a hi-tech company that develops, manufactures and installs hi-voltage electrical components and equipment, including preassembled mini-substations, electrical controllers, pressurized/vacuumed switchgears and circuit breakers in the People's Republic of China. China Keli's markets include electrical transmission and distribution systems, Smart Grid, and the transportation sector (railways, subways, street lighting, etc.).

ON BEHALF OF THE BOARD OF DIRECTORS

Mr. Lou Meng Cheong, CEO

Legal Notice Regarding Forward Looking Statements: This news release contains "forward-looking statements within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include that we will develop and commercialize new products through research and development initiatives, which will raise the value proposition for our stakeholders, ensure financial growth and protect, remediate and preserve the environment. The Company's products involve detailed proprietary and engineering knowledge and specific customer adoption criteria, hence factors that could cause actual results to be materially different include that sales do not necessarily translate to profits, we may not have sufficient capital to produce and deliver orders or develop new products; orders that are placed may be cancelled, competition may offer improved or cheaper technology, product may not perform as well as expected, markets may not develop as quickly as anticipated or at all or that the productive capacity of Kelso may not be large enough to handle market demand. Further, we are reliant on certain key employees and we may be unable to protect or defend our intellectual property. Investors are cautioned against placing undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

Contact Information

  • Brisco Capital Partners
    Scott Koyich
    President
    (403) 262-9888
    skoyich@briscocapital.com
    or
    China Keli Electric Company Ltd.
    Michael Raymont
    EVP Finance and Business Development
    (403) 389-3488
    mraymont@zkl.com
    or
    China Keli Electric Company Ltd.
    Mr. Lou Meng Cheong
    CEO
    (604) 270-2345