China Display Technologies Schedules Conference Call to Discuss Second Quarter 2008 Financial Results

    SHENZHEN, China, Aug. 14 /Xinhua-EMWNews/ -- China Display

Technologies, Inc. (OTC Bulletin Board: CDYT), a leading China-based

optoelectronics manufacturer specializing in small-, medium- and

large-sized LED and CCFL backlight units for LCD displays, will hold a

conference call to discuss its financial results for the second quarter

ended June 30, 2008. The call will be held on Friday, August 15, 2008 at

10:15 a.m. Eastern Time (7:15 a.m. Pacific Time).



    If you are interested in participating, call one of the following

numbers ten minutes prior to the starting time: 1-800-762-8795 (inside the

U.S.) or 1-480-629-9029 (outside the U.S.). Ask for the China Display

Technologies Second Quarter 2008 Financial Results Conference Call

(Conference ID # 3912206). An operator will check your name and

organization. You will be asked to wait until the call begins.



    For those of you unable to join this earnings call, a playback of this

call will be available via telephone from 1:15 p.m., Friday, August 15,

2008 until August 22, 2008 at 11:59 p.m., all times Eastern. The numbers

for this replay service are 1-800-406-7325 or 1-303-590-3030 (outside the

U.S.). Use Replay Pin Number 3912206, followed by the pound sign.



    For assistance with this call, please call (604) 588-8146. If at any

point anyone on the conference call requires Operator assistance, they may

access the Operator by pressing *0.



    This call will be followed by a question-and-answer session.



    China Display Technologies reported revenue of $9.72 million for the

three months ended June 30, 2008, an increase of $3 million, or 45%, from

$6.72 million for three months ended June 30, 2007. The increase in revenue

reflects an increase demand for the company's products from small screen

liquid crystal display and LED manufacturers. For the six-month period

ended June 30, 2008, the company reported revenue of $16.4 million, an

increase of $5.1 million, or 45% over the same period last year.



    Net income for the quarter ended June 30, 2008, was $1.23 million, or

$0.10 per share (basic) and $0.05 per share (diluted) as compared to net

income of $1.15 million for the same period last year, or $0.10 per share

(basic and diluted). For the six-month period ended June 30, 2008, the

company reported net income of $2.06 million, or $0.17 per share (basic)

and $0.09 per share (diluted), compared to $1.78 million, or $0.16 per

share (basic and diluted) for the June 2007 period, an increase of

$283,000, or 16%.

    About China Display Technologies, Inc.



    China Display Technologies, Inc., through its wholly owned subsidiary,

Suny Electronics (Shenzhen) Company Ltd. in China, designs, manufactures

and markets small-, medium- and large-sized Light Emitting Diode (LED) and

Cold Cathode Fluorescent Lamp (CCFL) backlights for various types of Liquid

Crystal Displays (LCDs). Providing solutions that serve the

multibillion-dollar global LED industry, the Company's products have

applications in electronic consumer products, such as mobile phones, PDAs,

GPS systems, portable DVD/VCD players, MP3s and MP4s, medical equipment and

household appliances with displays. In addition to producing LED packaging

technologies and LED solutions for handheld devices, computers and

industrial applications, the Company is ready to capitalize on LED markets

for general illumination, including indoor and outdoor lighting, street and

architectural lighting. China Display has a global customer base of

electronics manufacturers with a distribution network covering Hong Kong

and 18 provinces in mainland China, and currently exports to 17 countries

and regions including the United States, Europe and Japan. With over 800

employees, the Company operates manufacturing facilities and headquarters

in Shenzhen, China. For more information, visit

http://www.chinadisplaytech.com .



    Safe Harbor Statement



    This release contains certain "forward-looking statements" relating to

the business of the Company and its subsidiary companies. These forward

looking statements are often identified by the use of forward-looking

terminology such as "believes, expects" or similar expressions. Such

forward looking statements involve known and unknown risks and

uncertainties that may cause actual results to be materially different from

those described herein as anticipated, believed, estimated or expected.

Investors should not place undue reliance on these forward-looking

statements, which speak only as of the date of this press release. The

Company's actual results could differ materially from those anticipated in

these forward-looking statements as a result of a variety of factors,

including those discussed in the Company's periodic reports that are filed

with the Securities and Exchange Commission and available on its website

(http://www.sec.gov). All forward-looking statements attributable the

Company or to persons acting on its behalf are expressly qualified in their

entirety by these factors other than as required under the securities laws.

The Company does not assume a duty to update these forward-looking

statements. Contact:






    For more information, please contact:



    At the Company:

     Mr. Jason Wong

     Executive Vice President

     China Display Technologies, Inc.

     Tel:   +852-9257-8928

     Email: [email protected]

     Web:   http://www.chinadisplaytech.com



    Investor Relations:

     RedChip Companies Inc.

     Jon Cunningham

     Tel:   +1-800-REDCHIP (733-2447), Ext. 107

     Email: [email protected]

     Web:   http://www.redchip.com