ZHENGZHOU, China, Jan. 4 /PRNewswire-Asia-FirstCall/ -- ZST Digital
Networks, Inc. ("ZST" or the "Company") (Nasdaq: ZSTN), a major developer,
manufacturer and supplier of digital and optical network equipment to cable
system operators in China, today announced that it has been designated a Key
Enterprise by the Zhengzhou Municipal People's Government, primarily in
recognition of the Company's successful recent listing on the NASDAQ Global
Market. Under the terms of the official designation, ZST received a grant of
RMB2.6 million (approximately US$0.4 million) from the Zhengzhou Municipal
People's Government.
Mr. Bo Zhong, Chairman and Chief Executive Officer of ZST, commented, "It
is a true honor to receive this designation, and to be one of the select few
enterprises in Zhengzhou City to be awarded Key Enterprise status. We are
especially grateful to the Zhengzhou Municipal People's Government for their
generous grant, which will enhance our reputation and help to subsidize our
advanced research and development efforts. We thank our city government for
its recognition and support as we continue to focus on executing our strategy
for growth within the rapidly expanding markets for digital and optical
network equipment and GPS devices in China."
About ZST Digital Networks, Inc.
ZST Digital Networks, Inc. (Nasdaq: ZSTN) is a China-based company,
principally engaged in supplying digital and optical network equipment and
providing installation services to cable system operators in China. The
Company has developed a line of IPTV devices that are used to provide bundled
cable television, Internet and telephone services to residential and
commercial customers. The Company has assisted in the installation and
construction of over 400 local cable networks in more than 90 municipal
districts, counties, townships, and enterprises. For more information about
ZST Digital Networks, Inc., please visit http://www.shenyangkeji.com .
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act
of 1995: Certain of the statements made in the press release constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements can be identified by the use
of forward-looking terminology such as "believe," "expect," "may," "will,"
"should," "project," "plan," "seek," "intend," or "anticipate" or the negative
thereof or comparable terminology. Such statements typically involve risks and
uncertainties and may include financial projections or information regarding
the progress of new product development. Actual results could differ
materially from the expectations reflected in such forward-looking statements
as a result of a variety of factors, including our ability to maintain and
increase revenues and sales of our products; our ability to develop and market
new products; our strategic investments and acquisitions; compliances and
changes in the laws of the People's Republic of China (the "PRC") that affect
our operations; our ability to obtain all necessary government certifications
and/or licenses to conduct our business; vulnerability of our business to
general economic downturn, especially in the PRC; adverse capital and credit
market conditions and our ability to meet liquidity needs; our agreement with
Xing Yang Security, which may not result in the expected benefits since the
agreement is subject to terms and conditions; and other risk factors detailed
in reports filed with the Securities and Exchange Commission from time to time.
For more information, please contact:
Investor Relations:
ZST Digital Networks, Inc.
John Chen, Chief Financial Officer
Email: jchen@shenyangkeji.com
Investor Relations (US):
Taylor Rafferty, LLC
Mahmoud Siddig
Tel: +1-212-889-4350
Email: zstdigital@taylor-rafferty.com
Web: http://www.taylor-rafferty.com
Investor Relations (HK):
Taylor Rafferty, LLC
Lisa Zheng
Tel: +852-3196-3712
Email: zstdigital@taylor-rafferty.com
Web: http://www.taylor-rafferty.com
Investor Relations (US):
BPC Financial Marketing
John Baldissera
Tel: +1-800-368-1217
SOURCE ZST Digital Networks, Inc.