BEIJING, Dec. 3, 2012 (GLOBE NEWSWIRE) -- Dehaier Medical Systems Ltd. (Nasdaq:DHRM) ("Dehaier" or the "Company"), an emerging leader in the development, assembly, marketing and sale of medical devices and homecare medical products, today announced that the Beijing Zhongguancun Enterprises Credit Promotion Association has upgraded its credit rating from BBB+ to A-. This new credit rating runs through November 2013.
Mr. Ping Chen, Chairman and Chief Executive Officer of Dehaier Medical stated, "Dehaier has focused on strengthening its operational, credit and taxation-related internal controls. We are pleased that our efforts have been recognized by such a renowned rating agency. The improvement from BBB+ to A- reflects well on our competitiveness in the industry, relatively strong enterprise system, sustainable business model and low credit risk."
About Dehaier Medical Systems Ltd.
Dehaier is an emerging leader in the development, assembly, marketing and sale of medical products, including respiratory and oxygen homecare medical products. The company develops and assembles its own branded medical devices and homecare medical products from third-party components. The company also distributes products designed and manufactured by other companies, including medical devices from IMD (Italy), Welch Allyn (USA), HEYER (Germany), Timesco (UK), eVent Medical (US) and JMS (Japan). Dehaier's technology is based on six patents, nine software copyrights and proprietary technology. More information may be found at http://www.dehaier.com.cn
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, government approvals or performance, and underlying assumptions and other statements that are other than statements of historical facts, including in particular any implications regarding the Xinjiang government procurement contract. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, future developments in payment for and demand for medical equipment and services, implementation of and performance under the joint venture agreement by all parties, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT: Dehaier Medical Systems Limited Surie Liu +86 10-5166-0080 email@example.com Dehaier Medical Systems Limited Tina He +86 10-5166-0080 firstname.lastname@example.orgSource:Dehaier Medical Systems Limited