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DIAS Holding Strengthens Strategic Alliance With Major Chinese Auto Parts Center

ALLEN PARK, Mich., May 26, 2009 -- DIAS Holding, Inc., owner and operator of the Detroit International Auto Salon (DIAS), with 300,000 square feet of exhibition space for Asian companies to display their abilities as component resources, and Asia Forging Supply, maintaining a decade long record of success as a one-stop supplier for the auto and other industries, today announced that it has reached agreement with Guangzhou Auto Parts and Accessory Sourcing Center (APAC) in China to upgrade their current strategic alliance.

Similar to DIAS, APAC is creating a new and successful, technically advanced auto parts sourcing center that assists international buyers to find even the most advanced auto parts and accessories within its planned 5 million square feet facility. Its Chairman, Zhang Ke Qiang, is very well known both as a businessman and a government official. "Through our partnership, we can combine the strength and resources to create a win-win situation and bright future," stated Mr. Zhang.

"The strategic agreement we signed with APAC will help both promote DIAS in China and allow Chinese suppliers to visit Detroit for DIAS' year-long exhibition opportunities. We are combining our strengths and resources to create the most comprehensive offering of Tier 1, 2 and 3 products in the automotive capitals of Detroit & Guangzhou," said Eric Huang, DIAS Holding Chairman and CEO.

"APAC's location in Guangzhou is also vitally important, since it has become the number one production region in China and millions of people attend automotive and auto parts exhibits there," Mr. Huang said. "DIAS will promote APAC in the U.S. and APAC will promote DIAS in China. Our business concepts, strategies and vision are similar and we are confident this collaborative effort will yield significant business for both firms."