New Energy Systems to Host Full Year 2010 Financial Results Conference Call at 9:00 a.m. ET on Tuesday, March 29, 2011

Company reaffirms 2010 guidance of approximately $95.0 million in revenues, $18.0 million in net income with EPS of $1.40

Mar 21, 2011, 12:05 ET from New Energy Systems Group

SHENZHEN, China, March 21, 2011 /PRNewswire-Asia-FirstCall/ -- New Energy Systems Group (NYSE Amex: NEWN) ("New Energy" or the "Company"), a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems, today announced that it will hold its full year 2010 financial results conference call at 9:00 am ET on Tuesday, March 29, 2011.  The Company anticipates releasing its 2010 10-K at market close on March 28 and further reaffirms its 2010 revenue, net income and EPS guidance for the year ended December 31, 2010.

At the conclusion of the call, the management team will host a question and answer session with the Company's Chairman, Mr. Weihe "Jack" Wu, Mr. Junfeng "Joge" Chen and Mr. Ken Lin, VP of Investor relations.  

To attend the call, please use the dial-in information below.  When prompted, ask for the "New Energy Call" and/or be prepared to provide the conference ID.

Conference Call

Date:

Tuesday, March 29

Time:

9:00 a.m. Eastern Time, US.

Conference Line Dial-In (U.S.):

1-877-941-1427

International Dial-In:

1-480-629-9664

Conference ID:

4427011  "New Energy Systems Call"

Webcast link:

http://viavid.net/dce.aspx?sid=00008351

Please dial in at least 10 minutes before the call to ensure timely participation. A playback will be available through April 5, 2011. To listen, please call 1-877-870-5176 within the United States or 1-858-384-5517 if calling internationally. Utilize the pass code 4427011 for the replay.

This call is being webcast by ViaVid Broadcasting and can be accessed by clicking on this link, http://viavid.net/dce.aspx?sid=00007E14, or at ViaVid's website at http://www.viavid.net, where the webcast can be accessed through March 29, 2012.

About New Energy Systems Group

New Energy Systems Group is a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems for leading manufacturers of mobile phones, laptops, digital cameras, MP3s and a variety of other portable electronics. The Company's end-user consumer products are sold under the Anytone® brand in China while it's commercial and OEM batteries and battery components are sold under New Power and E'Jenie. The fast pace of new mobile device introductions in China combined with a growing middle class make it fertile ground for New Energy's end-user consumer products, as well as its high powered, light weight lithium ion batteries. In addition to historically strong organic growth, New Energy is expected to benefit from economies of scale, broader distribution and higher profit margins in 2011. Additional information about the company is available at: www.newenergysystemsgroup.com.

For more information, please contact:

COMPANY

New Energy Systems Group

Ken Lin, VP of Investor Relations

Tel:   +1-917-573-0302

Email: ken@newenergysystemsgroup.com

Web: www.newenergysystemsgroup.com  

INVESTOR RELATIONS

HC International, Inc.

John Mattio, SVP

Tel: US +1-212-301-7130

Email: john.mattio@hcinternational.net

Web: www.hcinternational.net

SOURCE New Energy Systems Group



RELATED LINKS

http://www.newenergysystemsgroup.com