GOME Electrical Appliances Holding Limited Honors Heli

  GOME Electrical Appliances Holding Limited Honors Heli Electronics Corp. As
  Best Strategic Partner

Business Wire

GUANGZHOU, China -- June 23, 2010

Heli Electronics Corp. (OTCBB:HELI), a marketing, distribution, and
after-sales service company of Audio-Visual (AV) products in Mainland China
would like to update its investors on one of the awards it has previously
received. After Heli’s wholly owned subsidiary became the primary marketing,
distribution, and after-sales service agency of Haier Electronics AV division,
its revenues and net income have gone up significantly in 2009 compared to
2008.

One of the reasons for Heli’s growth is its relationships with large
electronics superstores in Mainland China, such as Suning and GOME. GOME
(www.gome.com.hk) has been listed on the Hong Kong Stock Exchange in 2004, is
one of China’s largest electrical appliance retailers. As of December 31,
2009, the total store count of GOME reached 726 stores, including 76 flagship
stores, 625 standard stores and 25 specialized stores. Its total network
spanned across198 cities. The total operating area of the Group’s stores
amounted to approximately 2,675,000 square metres and the average area of
individual stores was approximately 3,685 square metres.

In October 2008, at the Guangzhou GOME Electrical Appliance Co., Ltd’s sixth
anniversary celebration, Heli’s wholly owned subsidiary was awarded the honor
of Best Strategic Cooperative Partner. Only just months after its inception,
the company’s ability to create and maintain meaningful cooperations with key
retailers was brought to the attention of the electronics industry. Today,
GOME is one of the most beneficial partners of Heli, as Heli has established a
number of specialty Haier AV display areas within their electronics stores.
The award clearly demonstrates the company’s rising brand value in the
electronics industry in addition to its win-win partnership with one of the
country’s largest retailers.

“Creating partnerships with electronics superstores and large commercial
retailers of household appliances and consumer electronics has been one of our
key sales strategies and we anticipate that it will allow us to grow into a
large marketing agency,” comments Mr. Xin Qiu, President of Heli Electronics
Corp.

Having already established relations with such large retailers as Suning and
GOME, is important for Heli to further promote Haier’s AV products throughout
China. Haier’s strong brand name in China is a large factor in Heli’s success.
Within the next couple of years, Heli will continue to provide marketing
solutions to allow Haier AV products to be sold at more stores of the large
commercial superstore chain, as well as mid-sized retailers of digital
electronics.

About Heli Electronics Corp.

Heli Electronics Corp. (www.helielectronics.com) is traded under the symbol
HELI on the OTCBB exchange and is based in Guangzhou, China. It is the primary
marketing, promotion, logistics, and after-sales service agency of audio and
visual (AV) products for Haier Group, a world leader in electronics and
electrical appliances. Its products include speakers, multimedia stereo
systems, and home theatres, among other types of AV products. The company
seeks to establish a broad network in China to provide comprehensive
after-sales service, brand establishment, brand promotion, distribution, and
logistics management of a wide array of electronics and electrical appliances.
Backed by Haier’s strong brand presence and an abundance of sales channels
throughout Mainland China, HELI has grown immensely since its inception in
March 2008.

Further information on the Company can be found at www.sec.gov and the
company’s website at www.helielectronics.com

Safe Harbor Statement

Statements in this press release regarding Heli Electronics Corp’s products,
services, capabilities, performance, opportunities, development and business
outlook that are forward-looking involve and are subject to known and unknown
risks, uncertainties and other factors, some of which are beyond Heli
Electronics Corp’s control and difficult to predict, and could cause actual
results to differ materially from those anticipated, expressed or forecasted
in the forward-looking statements. Such risks and uncertainties may include,
but are not limited to: lack of operating history , difficulties in
distinguishing Heli Electronics Corp’s products and services, ability to
deploy Heli Electronics Corp’s products, lack of or delay in market acceptance
and fluctuations in customer demand, dependence on a limited number of
suppliers, reliance on third party vendors and strategic partners, reliance on
the business operations of third parties, ability to meet future capital
requirements on acceptable terms and the global economy, compliance with
federal and state regulatory requirements, timing, availability and success of
new technology and product introductions and the other factors discussed in
Heli Electronics Corp’s filings with the Securities and Exchange Commission.

Contact:

Heli Electronics Corp.
Mickey Jiang, +86 020-36356928 (Investor Relations)
Fax: +86 020-36356228
mickeyjiang@haier-ia.com
 
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