Jan 5 2010
ZST Digital Networks, Inc. ("ZST" or the "Company") (Nasdaq: ZSTN), a major developer, manufacturer and supplier of digital and optical network equipment to cable system operators in China, today announced that it has been designated a Key Enterprise by the Zhengzhou Municipal People's Government, primarily in recognition of the Company's successful recent listing on the NASDAQ Global Market. Under the terms of the official designation, ZST received a grant of RMB2.6 million (approximately US$0.4 million) from the Zhengzhou Municipal People's Government.
Mr. Bo Zhong, Chairman and Chief Executive Officer of ZST, commented, "It is a true honor to receive this designation, and to be one of the select few enterprises in Zhengzhou City to be awarded Key Enterprise status. We are especially grateful to the Zhengzhou Municipal People's Government for their generous grant, which will enhance our reputation and help to subsidize our advanced research and development efforts. We thank our city government for its recognition and support as we continue to focus on executing our strategy for growth within the rapidly expanding markets for digital and optical network equipment and GPS devices in China."
Source: http://www.shenyangkeji.com/