ZST Digital Networks, Inc. to Respond to Shareholders' Questions

ZHENGZHOU, China, April 27, 2011 /PRNewswire-Asia-FirstCall/ -- ZST Digital Networks, Inc. (Nasdaq: ZSTN) ("ZST" or the "Company"), a major developer, manufacturer and supplier of digital and optical network equipment to cable system operators and provider of GPS tracking devices and support services for transport-related enterprises in China, reiterated today that the Company is in the process of preparing a response to shareholders' questions regarding recent short-seller allegations, and indicated that it intends to issue a formal statement in short order.    

Mr. Zhong Bo, Chairman and Chief Executive Officer of ZST, commented, "Our management team, in concert with our legal counsel and advisors, are working diligently to gather the necessary supporting documents and information to provide a thorough, entirely fact-based response to short-seller allegations made as a result of their financial interest in a declining ZST share price.  As previously stated, these allegations are without merit.  Above all, we are looking forward to demonstrating to our shareholders that we are striving to deliver solid financial results and increasing shareholder value."

About ZST Digital Networks, Inc.

ZST Digital Networks, Inc. (Nasdaq: ZSTN) is a China-based company, principally engaged in (1) supplying digital and optical network equipment and providing installation services to cable system operators in China and (2) providing GPS location and tracking services to local logistics and transportation companies in China.  The Company has developed a line of IPTV devices that are used to provide bundled cable television, Internet and telephone services to residential and commercial customers.  The Company has assisted in the installation and construction of over 400 local cable networks in more than 90 municipal districts, counties, townships, and enterprises. The Company has also launched a commercial line of vehicle tracking devices utilizing our GPS tracking technologies and support services for transport-related enterprises to track, monitor and optimize their businesses.  For more information about ZST Digital Networks, Inc., please visit www.zstdigital.com/english.  

SOURCE ZST Digital Networks, Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED