Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
NEW YORK, NY -- (MARKET WIRE) -- 06/27/07 -- China Dongsheng International (OTCBB: CDSG)
(the "Company") announced today that Mr. Aidong Yu, founder and Chairman of
the Company, was named one of the "100 Most Outstanding Entrepreneurs in
China." The Company also announced that Dongsheng Weiye Science &
Technology Development Co. Ltd. ("Dongsheng Weiye"), the Company's wholly
owned subsidiary in Shenyang City, China, won the honor of "Social
Responsibility Oriented Enterprise in China."
Both honors were jointly awarded by the People's Representative Journal, a
professional newspaper published by the National People's Congress, the
National Institute of Administration Center for Economic Research, and the
Organizing Committee for the National People's Congress Summit for NPC
Deputies & Outstanding Entrepreneurs. The award ceremony was held at the
Great Hall of the People in Beijing, where Mr. Yu, together with other
honorees, was congratulated by Vice-Chairmen Buhe and Gu Xiulian of the
National People's Congress Standing Committee.
Mr. Yu founded Dongsheng Weiye in 2001, in a storefront in Shenyang City,
with approximately 120 square feet of office space. Within six years,
Dongsheng Weiye has transformed into an active market leader in the
country's increasingly competitive nutraceutical and personal care
industry, with revenues for the fiscal year 2006 exceeding $19 million USD.
Dongsheng Weiye also provides training and employment opportunities to laid
off former state-owned enterprise workers through its distribution network
of approximately 2,500 retail stores in 26 provinces across China.
Mr. Yu made the following remarks: "We are very pleased at these two
awards. They are an acknowledgement of our company's public mission and
vision... Going forward, we are fully confident in our ability to continue
to deliver excellent shareholder value by building upon our past
accomplishments, and continuing to be a role model in corporate social
responsibility in our industry."
About China Dongsheng International, Inc.
China Dongsheng International, Inc., through its 100%-owned subsidiary,
Jilin Dongsheng Weiye Science and Technology Co., Ltd., is engaged in the
development and manufacture of nutritional supplements and personal care
products domestically in China. The Company sells these products through a
network marketing system with approximately 200,000 distributors and 2,500
retail outlets in 26 provinces throughout China.
Safe Harbor Statement
The statements contained herein that are not historical facts are
"forward-looking statements" within the meaning of Section 21E of the
Securities and Exchange Act of 1934, as amended, and the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements may be
identified by, among other things, the use of forward-looking terminology
such as "believes," "expects," "may," "will," "should," or "anticipates" or
the negative thereof or other variations thereon or comparable terminology,
or by discussions of strategy that involve risks and uncertainties. In
particular, our statements regarding the potential growth of the markets
are examples of such forward-looking statements. The forward-looking
statements include risks and uncertainties, including but not limited to,
general economic conditions and regulatory developments, not within our
control. The factors discussed herein and expressed from time to time in
our filings with the Securities and Exchange Commission could cause actual
results and developments to be materially different from those expressed or
implied by such statements. The forward-looking statements are made only as
of the date of this filing, and we undertake no obligation to publicly
update such forward-looking statements to reflect subsequent events or
circumstances.
Contact
Peter D. Zhou
China Dongsheng International, Inc.
c/o American Union Securities
100 Wall Street, 15th Floor
New York, NY 10005
(212) 232-0120 ext 228