INNOCOM Receives Certificate of Approval From China
06 Février 2007 - 1:00PM
PR Newswire (US)
SANTA MONICA, Calif., Feb. 6 /PRNewswire-FirstCall/ -- INNOCOM
Technology Holdings, Inc. (OTC:INCM) (BULLETIN BOARD: INCM)
announced a Certificate of Approval by the of Jiangsu Province
People's Government of P.R.C. for establishment of wholly-owned
foreign enterprise (WOFE) was granted to INNOCOM Mobile Technology
Limited (a wholly-owned subsidiary of INNOCOM Technology Holdings,
Inc.) on January 19, 2007. This approval offers independence and
freedom to implement the worldwide strategies of its parent company
without having to consider the involvement of a Chinese partner. In
addition, it offers the ability to formally carry on business
functions rather than just act as a representative office with the
capabilities of issuing invoices to their customers in RMB (Chinese
Currency) and receive revenues in RMB. Upon completion of
registration, the "WOFE" intends to purchase a 269,098- sq. ft
building together with 16 acres of land for a production plant. The
plant will assemble mobile phone handsets with a total production
capacity of 1.5 million units per year. About INNOCOM Technology
Holdings, Inc. INNOCOM is a leading mobile communication technology
company in China. They have two principal business lines; mobile
phone handset design and trading of mobile phone handsets and
components. INNOCOM provides customized mobile phone design
services to licensed manufacturers in China. Their services include
hardware system design based on chipsets such as integrated
circuits sourced from external suppliers, application software
design and mobile phone handset casing design. In addition to
design services, the company provides sourcing of mobile phone
handsets and components for customers on a wholesale basis. INNOCOM
competes with other communication technology companies by
emphasizing provision of higher quality consumer-driven services
that assist INNOCOM customers in identifying and/or forecasting
trends in mobile handsets demand, providing comprehensive and total
solution services, managing cost effectiveness, and demanding
product quality and reliability in both hardware and software
functionality. For more information see:
http://www.innocomtechnology.com/index.htm Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: Except
for historical information contained herein, the statements in this
news release are forward-looking statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve known and
unknown risks and uncertainties, which may cause a company's actual
results, performance and achievement in the future to differ
materially from forecasted results, performance, and achievement.
These risks and uncertainties are described in the Company's
periodic filings with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly release the result of
any revisions to these forward-looking statements that may be made
to reflect events or circumstances after the date hereof, or to
reflect the occurrence of unanticipated events or changes in the
Company's plans or expectations. Company Contact: INNOCOM
Technology Holdings, Inc. Ashley Hull (310) 450-9100 opt 1 Investor
Relations: SIG Consultants Doug Ward (770) 814-7199 DATASOURCE:
INNOCOM Technology Holdings, Inc. Contact: Ashley Hull of INNOCOM
Technology Holdings, Inc., +1-310-450-9100 opt 1, or ; or Investor
relations, Doug Ward of SIG Consultants for Innocom Technology
Holdings, +1-770-814-7199, or
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