SOURCE: Detroit International Auto Salon

October 14, 2008 16:54 ET

Gasgoo and Detroit International Auto Salon to Partner in Cross-Pacific Marketing

ALLEN PARK, MI--(Marketwire - October 14, 2008) - DIAS Holding, Inc. (OTCBB: DSHL)

The Detroit International Auto Salon, the premier physical, year-round B2B automotive showcase, and Gasgoo.com, the premier Chinese B2B automotive marketplace, have agreed to partner in promotional events and activities that enable each to gain a broader exposure to their supplier and customer networks.

"By introducing Gasgoo to our network, our customers will immediately have visibility into the thousands of automotive product members in China, and vice versa," says Michael Wesney, President of the Detroit International Auto Salon, a subsidiary of DIAS Holding. "Gasgoo members have a place at DIAS to physically showcase their products year-round," he added.

Gasgoo.com (http://www.gasgoo.com) is China's largest automotive B2B marketplace with over 80,000 global buyers and 12,000 verified member suppliers. Gasgoo has been successfully partnering with some of the world's most recognized Tier 1 suppliers, automotive associations and media channels at home and abroad. The comprehensive services and marketing promotional campaigns of Gasgoo are assisting China auto parts suppliers to get integrated into the global supply chain in a more efficient way. Gasgoo is a multi-functional comprehensive service provider, which is dedicated to advancing the competitiveness improvement of China's auto parts suppliers in the global automotive market.

"We are very excited to promote DIAS at our website, and encourage our members to create their product presence in the USA at the Detroit International Auto Salon. The Auto Salon's pre-eminent location in Detroit complements Gasgoo's presence on the Internet very well," said Mr. Kevin Chen, President and CEO of Gasgoo.com.

About the DIAS Holding Incorporated:

DIAS Holding, Inc. 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, 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.

Forward-Looking Statement

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 plans and strategic partnerships, customer acceptance, 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