-- For 2008 guidance, the sales revenue is expected to be over $140 million, reflecting a 37% YoY increase. -- For 2009 guidance, the sales revenue is expected to be over $200 million, reflecting a 40% YoY increase.
Mr.
Mr. Zhao continued, "The company has instituted a company-wide cost
savings program to reduce various expenses and has, through its Research and
Development efforts, implemented some technology innovations, raising
production efficiency. The Chinese government has instituted a series of
policies to stimulate internal consumer markets, promote automobile sales,
improve auto financing and support the development of alternative energy
vehicles. With 85% of our total revenue generated from
About Wonder Auto
Based in Jinzhou City,
Safe Harbor Statement
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such statements
include, among others, all assumptions, expectations, predictions, intentions
or beliefs about future events. You are cautioned that any such forward-
looking statements are not guarantees of future performance and that a number
of risks and uncertainties could cause actual results of the Company to differ
materially from those anticipated, expressed or implied in the forward-looking
statements. The words "believe," "expect," "anticipate," "project," "targets,"
"optimistic," "intend," "aim," "will" or similar expressions are intended to
identify forward-looking statements. All statements other than statements of
historical fact are statements that could be deemed forward-looking statements.
Risks and uncertainties that could cause actual results to differ materially
from those anticipated include risks related to new and existing products,
product defects and any related product recall; any projections of sales,
earnings, revenue, margins or other financial items; any statements of the
plans, strategies and objectives of management for future operations; any
statements regarding future economic conditions or performance; uncertainties
related to conducting business in
For further information, please contact: Wonder Auto Technology, Inc. Lydia Zhao Assistant CFO Tel: +86-10-8478-5339 Cell: +86-130-2118-4792 Email: lydiaz@watg.cn Yechon Xie Investor Relations Manager Tel: +86-416-266-1186 Cell: +86-137-0006-1685 Email: ycxie@watg.cn
SOURCE Wonder Auto Technology, Inc.