SOURCE: DIAS Holding, Inc.

September 14, 2009 08:00 ET

Delegations From China and India at DIAS Holding's Detroit International Auto Salon Subsidiary Stand Ready to Provide Price Efficiencies and Rapidly Developing Manufacturing Capabilities to the World's Auto Industry

DIAS Holding, Inc. to Lead Through Innovation

ALLEN PARK, MI--(Marketwire - September 14, 2009) - DIAS Holding, Inc. (OTCBB: DSHL) today announced it has responded to the current automotive crises with innovative leadership in the area of parts manufacturing and procurements for Original Equipment Manufacturers (OEMs) doing business in the global automotive industry.

"The time to engage into a new business paradigm is now, and planting seeds to achieve a successful future is very important to our goals. Our Asia Forging Supply business unit (AFS) and our Detroit International Auto Salon subsidiary are uniquely and synergistically postured to meet current challenges in the auto supply sector," stated Mr. Eric Huang, Chairman and CEO of DIAS Holding, Inc.

Mr. Huang added, "A fresh approach with a stringent focus on technological advancements in materials, alternative fuels, ecology, safety, quality, and economically sound propulsion systems will be necessary to compete in the world automotive industry. Additionally important is automotive styling that not only satisfies the senses, but is also critical to the aerodynamics of the vehicle's design. By contracting through DIAS Holding's two subsidiaries and utilizing our one stop shopping approach; (OEMs) are able to satisfy many of their production requirements with a minimum of effort while obtaining maximum pricing efficiencies."

DIAS Holding officials noted they expect new businesses will continue to develop as some of the automotive industry's old businesses have already thrown in the towel. They emphasized that the company is excited to participate in the current and future development of business relations for linking capable suppliers to the OEMs and multi-tier sectors that will be essential in playing a significant role in the newly developing automotive industry.

With projected $350 billion annual sales for China's automotive industry in 2015, and India's recent assumption of world leadership in the production of low cost small cars, cooperation agreements, joint ventures, investments, and new developments are essential to maintain an existence in what seems to be evolving into a Global Automotive Industry. Emerging markets from what are classified as "Best Cost Countries" will continue to expand with the dynamics necessary to support a superior automotive industry.

DIAS Holding said it expects its Detroit International Auto Salon subsidiary in particular will continue to play a significant role in relationship building and cooperative affiliations with delegations from both China and India. DIAS Holding management noted it anticipates that this may also include other regions of the world as they also further develop and show interest in this particular industry growth potential.

About DIAS Holding, Inc.:

DIAS Holding, Inc. services 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: http://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 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 complete the transactions, which remains subject to a due diligence review by both parties, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, 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 will be achieved.

Contact Information

  • For more information, contact:
    DIAS at (313) 928-1254