SOURCE: DIAS Holding, Inc.

DIAS Holding, Inc.

April 22, 2009 06:00 ET

Sales Exceeded $14 Million in 2008 for DIAS Holding, Inc.

ALLEN PARK, MI--(Marketwire - April 22, 2009) - DIAS Holding, Inc. (OTCBB: DSHL) filed its 10-K report to the SEC, and announced today that sales totaled $14.5 million for 2008 compared to $14.5 million in the previous year. "Although we initially expected to top our 2007 sales," stated Sara Wang, CFO of DIAS Holding, "the Company encountered expediting costs in the third quarter, and a decrease in customer deliveries in the fourth quarter at our AFS subsidiary. These appear to be timing delays, as our customers stretch out deliveries during this recession. We are in discussions with these customers now for finalizing deliveries."

"Our AFS business mix is weighted on our aftermarket customers," stated Eric Huang, Chairman and CEO. "The downturn in the U.S. automotive market has also affected the aftermarket spare parts pipeline, and we are continuing our discussions with our customers for better forecasts."

The 10-K report cites start-up costs at its Detroit International Auto Salon subsidiary impacting its bottom line. "Despite the slight decrease in planned sales for 2008 at AFS, they solidly contributed for the Company," cited Ms. Wang. "We intend to harvest our strategic partnerships and relationships established by our auto salon subsidiary and make DIAS a larger contributor to our bottom line in 2009."

About the DIAS Holding, Incorporated:

DIAS Holding, Inc. ("DIAS") 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

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.

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