SOURCE: DIAS Holding, Inc.

September 16, 2008 12:54 ET

Co-Operation With Detroit International Auto Salon Highlighted at the Wuhan International Auto Show Ceremonies

WUHAN, HUBEI PROVINCE, CHINA--(Marketwire - September 16, 2008) - DIAS Holding, Inc. (OTCBB: DSHL)

Amidst 2008 model cars from Mercedes, Maybach, GM and other American, European, Japanese, and domestic Chinese automotive OEMs, the opening ceremonies of the 2008 Wuhan International Auto Show highlighted the executive participation by the Detroit International Auto Salon (DIAS) representing opportunities within Wayne County, Michigan, USA. Chairman and CEO of DIAS Holding, Inc., Mr. Eric Huang, was introduced amongst other dignitaries that included the Honorable Mr. Duan Lun-yi, Vice Governor of Hubei Province; Mr. Weng Yun-Gen of the People's Municipal Government of Wuhan; Mr. Chen Chun-Gen, the Vice Mayor of Suizhou City; Mr. Huang Jian-dong, Vice Mayor of Yaan City; Ms. Lu Ren-qi, Vice President of the China Machinery Industry Federation; and Mr. Xiao Yu, Deputy Director General of China Council for the Promotion of International Trade.

The Hubei province is known as a center of manufacturing for specialty trucks, with over three thousand variants produced, such as cement, sanitation, and lift trucks. "I am impressed with the immensity of this province's manufacturing base, and the quality of products produced," said Eric Huang. "Currently, most of these truck manufacturers fulfill domestic needs, but have desires and plans to enter the international market... we know we can assist these manufacturers to achieve such plans." Later, Mr. Huang led a discussion with the dignitaries explaining how DIAS is positioned to support these emerging companies with facilities and professional staff to showcase, exhibit, and market their products in the U.S.

"I received very favorable encouragement from these representatives," summarized Eric. "We intend to follow through rapidly to assist broadening their branding."

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 holdings include Asia Forging Supply Company, Limited of Taiwan, a prime contractor for a network of factories throughout Asia, and the Detroit International Auto Salon, a wholly-owned subsidiary, and the largest independent, year-round exhibition center for automotive products. For more information about DIAS Holding, Inc., please visit www.diasholding.com.

Safe Harbor. Statement under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), other than historical facts, which reflect the view of DIAS's management with respect to future events. When used in this report, words such as "believe," "expect," "anticipate," "estimate," "intend," "deem," "foresee," "see," "look forward" and similar expressions, as they relate to DIAS and its affiliates or their plans or operations, identify forward-looking statements. Such forward-looking statements are based on assumptions made by and information currently available to DIAS's management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations are reasonable, and it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from such expectations include, without limitation, the ability of DIAS to execute its business plan, currency and commodity fluctuations, availability of raw materials, raw material cost increases, and severe interest rate increases. DIAS can provide no assurance that such cost increases can be passed on to its customers through implementation of price increases for DIAS's products. The forward-looking statements contained herein reflect the current views of management with respect to future events and are subject to those factors and other risks, uncertainties and assumptions relating to the operations, results of operations, cash flows and financial position of DIAS. DIAS assumes no obligation to update the forward-looking statements or to update the reasons actual results could differ from those contemplated by such forward-looking statements.

Contact Information

  • For more information, contact:
    DIAS Holding Investor Relations
    Michael Wesney
    Email Contact
    (313) 928-1272