(Source: MARKETWIRE)
Exceed Company Ltd. ("Exceed" or the "Company") (NASDAQ: EDS), the
successor to 2020 ChinaCap Acquirco, Inc. ("2020"), today announced
that it will ring the NASDAQ Stock Market Opening Bell on Friday,
October 30, 2009 to commemorate the Company's recent listing on the
Nasdaq Stock Market. The ceremony will be co-hosted by Mr. Lin
Shuipan, Chairman and CEO of Exceed, Mr. George Lu, former Chairman
and CEO of 2020, Mr. Kenry Shi, Chairman of Richwise Capital and Mr.
Zhang Shun from New Horizon Capital, along with the Company's senior
executives and guests.
"We are excited to have been invited by NASDAQ to perform the Opening
Bell Ceremony, as it gives us the opportunity to showcase our company
to the world, to recognize the hard work of our entire team, and to
celebrate the arrival of the first Chinese sportswear brand in the US
capital market," commented Mr. Lin Shuipan, Chairman and CEO of
Exceed. "We believe our listing on NASDAQ alongside so many high
quality, rapidly-growing companies will raise awareness in the global
investment community and will further enhance shareholder value as we
continue to carry out our strategic growth plans. We look forward to
sharing our vision of becoming the leading Chinese sportswear brand."
The ceremony will take place at 9:30 a.m. E.T. at NASDAQ's MarketSite
Times Square Studio in New York City and will be broadcast
simultaneously on NASDAQ's seven-story tower in Times Square. To
view the NASDAQ opening bell ceremony live on October 30, visit
http://www.nasdaq.com/reference/marketsite_about.stm to access the
NASDAQ MarketSite webcam at least 15 minutes in advance.
ABOUT EXCEED COMPANY LTD.
Exceed Company Ltd. designs, develops and engages in wholesale of
footwear, apparel and accessories under its own brand, XIDELONG, in
China. It is one of the leading domestic sports and leisurewear
brands in China in terms of market share by sales revenue. Since
operations began in 2002, Exceed has experienced significant growth
in the mass market concentrated in the second and third tier cities
in China and has established a market leading position as one of the
top five Chinese sportswear brands. Exceed has three principal
categories of products: (i) footwear, which comprises running,
leisure, basketball, skateboarding and canvas footwear, (ii) apparel,
which mainly comprises sports tops, pants, jackets, track suits and
coats, and (iii) accessories, which mainly comprise bags, socks, hats
and caps. Exceed Company Ltd. currently trades on Nasdaq under the
symbols "EDS," "EDSWW" and "EDSUU."
FORWARD-LOOKING STATEMENT
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995 regarding future events and future performance of Exceed. These
statements are based on management's current expectations or beliefs.
Actual results may vary materially from those expressed or implied by
the statements herein. This information is qualified in its entirety
by cautionary statements and risk factor disclosure contained in
certain of Exceed's Securities and Exchange Commission filings. For a
description of certain factors that could cause actual results to
vary from current expectations and forward-looking statements
contained in this press release, refer to documents that Exceed files
from time to time with the Securities and Exchange Commission. Exceed
is under no obligation to, and expressly disclaims any obligation to,
update or alter its forward-looking statements, whether as a result
of new information, future events, changes in assumptions or
otherwise.
INVESTOR RELATIONS CONTACT:
Devlin Lander
ICR
(415) 419-5606
devlin.lander@icrinc.com
SOURCE: Exceed Company Ltd.
A service of YellowBrix, Inc.
