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12 Nov 2008 07:00
12 November 2008
LED INTERNATIONAL HOLDINGS LIMITED
("LED International" or "the Company")
contract TO SUPPLY GIANT LED SCREENs
TO SHANGHAI'S FORMULA ONE RACE TRACK
LED International (ticker: LED.L), the AIM listed manufacturer of LED screens and related products, is pleased to announce is has been awarded a contract to supply multiple, giant LED display screens to the Shanghai International Formula One Circuit.
The Company has signed a two-year leasing agreement with Shanghai JUSS Event Management Co. Limited to provide seven high resolution LED screens commencing from 1 January 2009. The LED screens usage will be charged at RMB36,667 (approx. £3,440) per screen per day, for every event that is held on the track, including the Sinopec Chinese Grand Prix, scheduled for 19 April 2009, and any other motor sports and tennis events. This is a renewal of a contract previously between Shanghai JUSS Event Management and New Shenzhen Limited, a wholly owned subsidiary of the Company, which was acquired by LED International in July 2008.
Thomas Li, Chairman of LED International, commented, "We are delighted to have secured this contract to supply such a prestigious venue as the Shanghai International Circuit and are confident that the high quality of our screens will continue to provide the spectators with great entertainment. The renewal of this contract is an excellent endorsement of the smooth integration of New Shenzhen into LED International. We believe the enlarged group is now well positioned to capitalise on the growing demand for high specification screens both in China and internationally."
For further information:
LED International +852 2810 4470
www.led-intl.com
Dennis Ow, Executive Director
Zimmerman Adams International +44 (0) 207 060 1760
Dominique Doussot, or Charity Walmsley
ICIS +44 (0) 207 651 8688
Christian Taylor-Wilkinson, Bob Huxford, Caroline Evans-Jones
Notes to Editors:
LED International and its subsidiaries specialise in the development, manufacture and sale of low powered / low maintenance LED screens and other LED products such as outdoor signs, lamps, lighting and building illumination. The screens are manufactured in a 'building block' format to a specific design, which allows screens to be assembled to suit a customer's size and definition specifications.
This design also ensures that the screens are relatively easy to transport and assemble. Based in Hong Kong, the Company's primary market has been the People's Republic of China ("PRC"), but it has also supplied end products to Macau, Japan and the USA. Part of the Company's strategy in 2007 was to widen its customer base to markets outside PRC.
The Company listed on AIM, a market operated by the London Stock Exchange, on 23 October 2006. For more information, please visit: http://www.led-intl.com/
For more information on JUSS Event Management, please visit: http://www.jussevent.com
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