Weida Communications Inc.

• Public
• US

Dow Jones Description

We were incorporated in March 1985 under the laws of the State of New Jersey as Laser Recording Systems, Inc. In June 2004, we changed our name to Weida Communications, Inc. We conduct our business in China solely through certain contractual arrangements among our affiliates, Guangzhou Weida Communications Technology Co., Ltd. (a/k/a Weida Communications Technology Company Limited), a communications service company organized under the laws of the People?s Republic of China (?PRC? or ?China?) and wholly-owned by PRC citizens (?Weida PRC?) and the shareholders of Weida PRC. Although we do not have an equity interest in Weida PRC, we control and enjoy the economic benefits of Weida PRC through such contractual arrangements. Our wholly-owned subsidiary, SCL Ventures, Ltd., a company organized under the laws of the British Virgin Islands (?SCL?), was formed in May 2003 for the purpose of engaging in the telecommunications business in China and entered into a master agreement with Weida PRC which was ratified and approved by the board of directors of SCL in May 2003. We recently acquired all of the issued and outstanding shares of SCL in a share exchange transaction in June 2004, which has been accounted for similar to a reverse acquisition in which SCL is the acquirer for accounting purposes.

President, Chief Executive Officer and Chairman of the Board

Contact Information

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