WEIFANG, China, April 19, 2012 /PRNewswire-Asia/ — With China constantly increasing its investment in agriculture and power supply becoming more of an issue with each passing day, Xinde Science and Technology Co., Ltd. (OTCBB: WTFS) independently developed the DG-T2 digital electronic speed regulator, which realizes closed-loop control of the engine speed according to the different service requirements of diesel engines. This system characterizes a flexible control method, higher precision and response ability, and a number of powerful functions. This product is characterized by: (1) product performance. Due to its low regulating ratio, the product can realize automatic transfer and be remotely controlled to the satisfaction of higher user’s requirements; (2) advantage in price. The unit price of a electronic regulator with similar specifications sells for about RMB2,000/set. Our product is an assembly of electronic speed-regulating injection pump equipped with DG-T2 digital electronic speed regulators which sells for RMB1,500-2,000/set only; (3) easy to install and use; and (4) significant regional advantage. Weifang is an important diesel generator production base in China, where about 20 diesel engine manufacturers are situated. It is estimated that the production volume of diesel generators will reach 1,000,000 sets in 2012. 100,000 sets of DG-T2 digital electronic speed regulators that have been independently developed by us have been locally ordered and will realize sales revenue of USD31 million. Moreover, the market demand is far greater than our production capacity. In addition, our auxiliary products have also been used by some major engine enterprises listed in China, such as Weichai Power, Emei Engine and Jianghuai Engine.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, statements concerning the Company’s operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety important factors, including, but not limited to, the impact of competitive conditions and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, financing and other factors as discussed in the Company’s reports filed with the Securities and Exchange Commission from time to time, In addition, the Company disclaims any obligation to update any forward-looking statement to reflect events or circumstances after the date hereof. No securities regulatory authority has either approved or disapproved the contents of this new release. This release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements. The Company filings with the US Securities and Exchange Commission, including the quarterly report for the three months ended March 31, 2011 on Form 10-Q, can be viewed on EDGAR Online or www.sec.gov.
President and CEO
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