Deer Consumer Products, Inc. Announces Approval for Listing on the NASDAQ Global Select Market; Company to Report First Quarter Financial Results Before May 15, 2010
NEW YORK, April 21 /PRNewswire-FirstCall/ -- Deer Consumer Products, Inc. ("Deer") (Nasdaq: DEER) (website: http://www.deerinc.com/), one of the world's largest designers and OEM/ODM manufacturers of home and kitchen electronics marketing to both global and China domestic consumers, announced today that Deer has been approved to upgrade its current NASDAQ listing to the NASDAQ Global Select Market, effective April 22, 2010. Deer's stock symbol remains "DEER."
Bill He, Chairman & CEO of Deer commented: "Deer is honored to be approved by the NASDAQ to join some of the most respected companies in the world as part of the NASDAQ Global Select Market. Deer just ended another record quarter of product sales in Q1/2010. Deer is excited and looks forward to reporting our first quarter financial results before May 15, 2010."
According to NASDAQ's website at www.NASDAQ.com:
"The NASDAQ Global Select Market represents the world's highest standards on the world's highest performing market. The NASDAQ Global Select Market is for public companies that meet the highest listing standards in the world, with measures including market value, liquidity and earnings."
"Inclusion in the NASDAQ Global Select Market is a mark of achievement and stature for qualified companies. Listing on NASDAQ represents companies' commitment to provide investors with superior market quality. Investors benefit not only from lower trading costs on NASDAQ but also by knowing that NASDAQ Global Select Market companies are models of leadership and have met the highest standards of any market in the world."
"Companies qualifying for the NASDAQ Global Select Market make up approximately one-third of NASDAQ listings and reflect the diversity of NASDAQ as a whole, in terms of market cap and across industry sectors."
About Deer Consumer Products, Inc.
Deer Consumer Products, Inc. (http://www.deerinc.com) is a NASDAQ Global Select Market listed U.S. registered public company headquartered in China. Deer has a 15-year operating business as well as a strong balance sheet. Supported by more than 103 patents, trademarks, copyrights and approximately 2,000 company-trained seasonal and full-time staff, Deer is a leading designer, ODM/OEM manufacturer and global marketer of quality small home and kitchen electric appliances. Deer's product lines include blenders, juicers, soy milk makers and a large variety of other home appliances designed to make today's lifestyles simpler and healthier. With more than 100 global clients/branded products such as Black & Decker, Ariete, Disney, Toastmaster, Magic Bullet, Back to Basics and Wal-Mart, and rapidly expanding China domestic market footprint, Deer has enjoyed rapid sales and earnings growth in recent years.
Safe Harbor Statement
All statements in this press release that are not historical are forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. There can be no assurance that actual results will not differ from the company's expectations. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Deer's current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Deer's filings with the Securities and Exchange Commission.
Contact Information: |
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Corporate Contact: |
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Ms. Helen Wang, Corporate Secretary |
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Deer Consumer Products, Inc. |
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Tel: 011-86-755-86028285 |
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Email: [email protected] |
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SOURCE Deer Consumer Products, Inc.
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