ACL Semiconductors, Inc. Targets Completion of Classic Electronics Acquisition.HONG KONG -- ACL See access control list. 1. ACL - Access Control List. 2. ACL - Association for Computational Linguistics. 3. ACL - A Coroutine Language. A Pascal-based implementation of coroutines. ["Coroutines", C.D. Semiconductors, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACLO ACLO Air Cadet Liaison Officer ) recently announced the definitive agreement to acquire Classic Electronics, Inc. ("Classic") and today announced their continued progress to the acquisition. ACL Semiconductors is pleased to announce the conclusion to the acquisition of Classic Electronics, Ltd. is scheduled to occur on or before December 31, 2005. The acquisition of Classic, the privately held OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and ODM (Original Design Manufacturer) A contract manufacturer that uses its own designs and intellectual property (IP). See contract manufacturer. manufacturer of popular consumer electronic products, is viewed as strategic step for the company's directive to acquire synergistic and higher margin businesses. The acquisition of Classic is expected to have a significant impact on the company's net profit. ACL Semiconductors, Inc., CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Alan Yang, stated: "Closing the acquisition of Classic Electronics is a greatly anticipated event and milestone for our company. We are confident the consolidation of the two companies will have a meaningful impact on future shareholder value." About ACL Semiconductors, Inc: ACL has been a leading distributor of Samsung memory chip products, including DRAM, Flash, SRAM See static RAM. SRAM - static random-access memory and Mask ROM products, for the Hong Kong and Southern China markets since 1991. ACL Semiconductors, Inc. trades on the OTCBB under the symbol ACLO. About Classic Electronics: Classic Electronics, founded in 1998 and located in Southern China, is an Original Equipment Manufacturer ("OEM") and Original Design Manufacturer ("ODM") of popular consumer electronics for domestic sales and export. Forward-Looking Statements: The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to the Classic Electronics acquisition, beliefs, plans, expectations or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions. |
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