China TMK Battery Systems Inc. Announces Make Good Payments to Investors

SHENZHEN, China, Nov. 11, 2011 /PRNewswire-Asia-FirstCall/ -- China TMK Battery Systems Inc. (OTC Bulletin Board: DFEL) ("TMK" or "the Company") (formerly, Deerfield Resources, Ltd.), a Chinese manufacturer and distributor of customized rechargeable battery solutions to global consumer product companies, today announced it will pay all eligible investors for the make good provision as stipulated in its registration rights agreement ("the Agreement") dated February 10, 2010.

Under the terms of the Agreement, the Company is obligated to make cash payments to its common stockholders if its registration statement did not become effective on or before August 10, 2010. The payments amount to 1% per month starting on September 10, 2010, with the amount accruing monthly up to a maximum of 6% cumulatively. Since the SEC has not yet approved TMK's registration statement, the Company has accrued the maximum obligation of approximately $411,450.  

TMK is working with its transfer agent, Island Stock Transfer to determine the amount owed to each eligible shareholder and is currently working with DBA Escrow and Agent Service Co., LLC to set up an escrow account to disburse payments to investors. Investors should contact their custodian or refer to the information included in the registration rights agreement to determine whether they are eligible for the make good payments and contact Johnnie Zarecor, escrow agent to confirm their addresses. A copy of the registration statement can be found in the investor relations section of the Company's website at: http://ir.stockpr.com/tmk-battery/sec-filings?qm_page=69214

About China TMK Battery Systems Inc.

Based in Shenzhen, PRC and founded in 1999, TMK manufactures and distributes high rate discharge Nickel Metal Hydride ("Ni-MH") multi-cell batteries in its manufacturing facility located in Shenzhen, China. TMK maintains a diverse roster of large, consumer-focused clients with major production facilities in China. The Company works with its clients throughout the product design cycle to develop and integrate reliable and long-lasting rechargeable power solutions for widely used consumer products, which include home appliances, cordless power tools, medical devices, multiple personal communication devices and electric bicycles segments. The Company is also focused on becoming a supplier of back-up power solutions to the telecommunications industry and for traffic lighting applications. Corporate Information can be found at www.tmk-battery.com and investor information can be found at http://ir.stockpr.com/tmk-battery/  

Cautionary Statement Regarding Forward Looking Information

This press release may contain certain "forward-looking statements" relating to the business of China TMK Battery Systems Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the impact of the proceeds from the private placement on the Company's short term business and operations, including the ability of the Company to significantly increase its Ni-MH battery manufacturing capacity and meet its current backlog of orders; the ability of the Company to introduce new battery types into its product portfolio while developing Lithium-Ion battery production capabilities, sustain aggressive growth in the coming years relative to its peers and position the Company a vertically integrated rechargeable battery supply solution provider; the general ability of the Company to achieve its commercial objectives, including the ability of the Company to sustain growth; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. 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 to the Company or 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.

For more information, please contact:

For the Company:

Mr. Jin Hu, CFO
Tel: +186-88977631

Investor Relations:

Ted Haberfield, President
MZ North America, IR
MZ Group
Tel: +1-760-755-2716
Email: [email protected]

SOURCE China TMK Battery Systems Inc.