China Digital Communication Group CEO Chang Chun Zheng Steps Down
April 6th, 2006LOS ANGELES, CA and SHENZHEN, CHINA -- (MARKET WIRE) -- 04/04/06 -- China Digital Communication Group (OTC BB: CHID), one of the largest and fastest growing battery components manufacturers in China, announced today the resignation of CEO and Chairman Chang Chun Zheng. Yu Xi Sun, president of China Digital, was designated by the board to assume responsibilities of CEO and chairman until the company hires a replacement for Zheng.
Sun said, "We are saddened by the departure of Mr. Zheng, who has stepped down for personal reasons. He has played a key role in the growth of our company. We wish Mr. Zheng and his family all the best. The board of directors has begun a search for a new chairman and CEO."
Sun, who holds an M.S. degree from the Hubei University Law School, began her career as legal counsel at Hubei Xing Yuan Battery Company. She subsequently held a number of marketing positions until she was named assistant president at Shenzhen E'Jenio Science and Development Company. She went on to become vice president, then president of China Digital.
About China Digital Communication Group
China Digital Communication Group, through its wholly owned subsidiary, Shenzhen E'Jenie Science and Technology Co., Ltd. (E'Jenie), is one of China's leading manufacturers and developers of advanced telecommunications equipment. E'Jenie sells advanced high-quality lithium-ion battery shell and cap products to all major lithium-ion battery cell manufacturers in China. E'Jenie's products are used to power mobile phones, MP3 players, laptops, digital cameras, PDAs, camera recorders and other consumer electronic digital devices. China Digital Communication Group is continuing its expansion across East Asia, while seeking distribution partners and acquisitions in new global markets, including the U.S. For more information, visit http://www.chinadigitalgroup.com or contact Roy Teng, China Digital, (310) 461-1322, e-mail: info@chinadigitalgroup.com.
An investment profile on China Digital Communication Group may be found at http://www.hawkassociates.com/chinadigital/profile.htm.
For investor relations information regarding China Digital Communication Group, contact Frank Hawkins or Ken AuYeung, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.
Keith Minty Appointed as New Chairman of the Board of China Diamond Corp.
April 6th, 2006LONDON, ON, March 14 /CNW Telbec/ - The Company is pleased to announce as part of its corporate restructuring the appointment of Mr. Keith C. Minty, P. Eng., as a director who has also been elected as Chairman of the Board effective today, subject to TSX Venture Exchange acceptance. Mr. Minty has over 25 years of international mining and financial experience and since graduating as a Mining Engineer in 1978 from Queens University, has established an excellent reputation in the mining and investment communities. Mr. Minty, has previously held the executive position of President and CEO of North American Palladium Ltd., and was instrumental in developing that company into Canada's largest primary palladium producer. Mr. Minty received the "Mining Man of the Year" Award in 2002 for outstanding achievement in the Canadian Mining Industry.
"Keith is a versatile senior executive with demonstrated leadership strengths in developing and executing company strategies related to operations and management, financing and resource and reserve development and brings a solid track record of transforming resource companies into profitable enterprises in the mining industry" commented Sam Halbouni. "I stated previously that our objective was to build a strong management team and board of directors. The addition of Keith as Chairman of the board will provide management and the Company access to a person who has a strong corporate and mining background. With Keith's extensive international mining and financial experience, we look forward to his contribution in advancing China Diamond Corp. and its projects."
In addition, as mentioned in the March 8, 2006 news release, Mr. David Critoph, a Chartered Accountant and a former partner of the international accounting firm of Deloitte & Touche, joins the Company as a director. Mr. Critoph has extensive professional accounting experience having been actively involved in the financial industry since graduating in 1964 from the University of British Columbia
As part of the Company's further corporate restructuring, Mr. Halbouni, who remains as a director of the Company, will now be concentrating his efforts in China to represent the Company's interests as Chairman and legal representative of its joint venture companies, to assist management with the development of the Company's projects, and to liaise with government officials in order to foster relationships.
Additionally, Mr. Michael Michaud, P. Geo., President and CEO, will continue to lead his technical and operating team in existing operations operational improvements and evaluate and develop the company's China projects. Mr. Michaud with Mr. Minty's assistance will continue to improve the company's profile in the investment community.
"On behalf of the Company's management and the board of directors, I wish to thank Mr. Halbouni for his past efforts and his commitment to continue to support the Company" said Mr. Michaud, "For the past 3 years, under Sam's leadership, the Company has developed a strong management team and board of directors and has advanced the Company's gold and diamond projects that establishes a strong foundation for the future development of the Company. The management and the board of directors appreciates Mr. Halbouni's efforts in developing the Company and strongly support Sam in his new role which will focus his activities in China where he has acquired invaluable experience and developed strong relationships. The Company appreciates not only Sam's strong financial support, but also the commitment of his time and dedication to the Company. The Company is pleased with the addition of Mr. Minty and Mr. Critoph that adds considerable mining and financial expertise to the Board".
At the meeting of the directors of the Company on March 13, 2006, the board has approved the makeup of following committees:
Audit Committee: David Critoph (Chairman)
George Laforme
Keith Minty
Compensation Committee: Keith Minty George Laforme (Chairman)
David Critoph
Sylvio Escaloni
Governance Committee: Keith Minty (Chairman)
Lee Barker
Xie Datong
Sam Halbouni
As announced previously on March 8, 2006, the independent committee of the board of directors consisting of George Laforme, Lee Barker, Sylvio Escaloni and David Critoph will continue to take on the mandate to review of the Company's current corporate governance and expenditure authorization policies and procedures in March 2006. The committee expects to report its findings and recommendations to the Governance Committee and the board by the end of the first half of 2006.
Pursuant to the Exchange Bulletin dated February 15, 2006, the Company's securities remain halted pending clarification of the Company's affairs as previously announced on February 24, 2006 by the Company. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
China's Linktone appoints Michael Li new CEO
April 6th, 2006SHANGHAI, April 3 (Reuters) - Wireless media company Linktone Ltd. said on Monday it had appointed its former chief operating officer Michael Li as its new chief executive.
Li, Linktone's chief operating officer from 2003 until January this year, assumes the post following the resignation of previous chief executive Raymond Yang in February, the company said in a statement.
Shanghai-based Linktone also announced it had completed most of its restructuring plan at the end of the first quarter, which would improve the company's financial performance in 2006.
Shares in Shanghai-based Linktone have fallen 37 percent since the end of last year.
Great China International Holdings Appoints Paul Deng Chief Executive Officer
April 6th, 2006SHENYANG, China, March 7, 2006 (PRIMEZONE) -- Great China International Holdings, Inc. (OTC BB:GCIH.OB - News) today announced the appointment of Zhiren (Paul) Deng as Chief Executive Officer, succeeding Fang Jiang, who will remain in the positions of Chairman of the Board and President.
Mr. Deng, 55, joined Great China as its Chief Business Advisor in November 2005. He previously was Chief Executive Officer of Sichuan Exposition Development Ltd., a multi-functional real estate project covering 800,000 square meters, located in Chengdu, Sichuan, China.
From 2003 to 2004, Mr. Deng was the Chief Consultant to Beijing Junefield Group, and for three years prior to 2003 he was Chief Executive Officer of Beijing X&D Property Consultants Ltd, which participated in the strategic planning and sales of more than 70 real estate projects in China. He is a frequent guest lecturer of Real State EMBA courses at Tsinghua University, Beijing University and Fudan University.
``We are pleased to have attracted an executive with the breadth of experience that Paul Deng brings to our company,'' Mr. Jiang said. ``He is widely known as the founding father of China's real estate industry and highly respected throughout China. I am confident that under Mr. Deng's leadership, Great China International Holdings will experience solid growth and deliver strong returns to our shareholders.''
Founded in 1989, Great China International Holdings' wholly owned subsidiary, Shenyang Maryland International Industry Co., Ltd., is one of the largest non-state-owned real estate developers in Northeast China. The company's core business is premium residential and commercial development and management. It currently owns and manages the President Building, which was completed in April 2002, with 25 tenants comprised of Fortune 500 companies. The company's prior developments included the Maryland Building, Roma Resort Garden, Qiyun New Village, Peacock Garden, University Campus of Shenyang Teacher's University, and Chenglong Garden, mostly located in Shenyang.
Techedge, Inc. Appoints Dr. Shu as CEO and Chief Scientist for China BioPharma
April 6th, 2006ISELIN, N.J.--(BUSINESS WIRE)--April 4, 2006--Techedge, Inc. (OTCBB:TEDG - News) today announced its appointment of Dr. Jean-Denis Shu (MD, MBA) as the CEO and Chief Scientist of its soon to be wholly owned subsidiary China BioPharma Limited.
On February 13, 2006, Techedge, Inc. announced that it had signed a letter of intent to acquire China BioPharma Limited, a Cayman island Company, which has the rights to have majority ownership in one of the largest non-governmental owned vaccine development and manufacturing companies in China. The company's currently available products are vaccines against Influenza and Epidemic Hemorrhagic Fever. Techedge is in the process of preparing the legal document and expect to close this deal in Q2, 2006.
Formerly the Regional Director of Far East & North Pacific of Chiron Vaccines, Dr. Shu is widely recognized as a vaccine expert in China, with extensive experiences in business start-ups and general management in vaccine industry, proven track-record in medical and marketing management in France and China, and strong resource network. His past professional experiences also include General Delegate China for Aventis Pasteur, and Medical and Regulatory Affairs Manager for Pasteur Merieux Connaught, based in Lyon, France. Dr Shu was the author of several articles and books in vaccines.
A French citizen born in Shanghai, Dr. Shu is bi-cultural and tri-lingual (English, French and Chinese). He earned a Certificate of Finance and Accounting from Wharton School, a MBA from the European School of Management (ESCP-EAP) in Paris, a Diploma of Specialization on Gynecology-Obstetrics from Medical and Pharmacy College of Besancon in France, and a Medical Degree, B. Med. from Medical University of Shanghai II, in China. Dr Shu spent five years as Foreign Physician in French hospitals.
"As a witness and player, my career in vaccine industry has developed for ten years together with the growth of Chinese vaccine market that is one of the world fastest growing markets. I am very excited about this opportunity and am committed to lead China BioPharma to become a leading market player in China's enormous vaccine and bio-pharmaceutical industry", commented Dr. Shu.
About Techedge, Inc.
Techedge, Inc. (OTCBB:TEDG - News) is a leading developer of mobile VoIP and wireless broadband solution provider. The Company provides disruptive and low cost communications solutions combining matured radio with VoIP technologies for emerging service providers. The Company has recently repositioned itself to focus at opportunities in the fast growing bio-pharmaceutical sector in China. For more information, please visit its website at www.techedgeinc.net.
CommVault Establishes Operations in China, Appoints Philip Xu Head of China Operations
April 6th, 2006Launches Shanghai Technical Center of Excellence for Localized Support to China Market
OCEANPORT, N.J. and BEIJING, March 29 /PRNewswire/ -- CommVault(R), a provider of Unified Data Management(TM) solutions, today bolstered its ability to serve global markets by establishing a representative office in China, and announced the appointment of Philip Xu as head of CommVault's China office. CommVault also has increased its investment in the rapidly-growing Chinese market by opening a native-language support center, located in Shanghai, which will provide full support and training to CommVault customers in China. The company also announced the completion of a Master Distributor agreement with Beijing Toyou Feiji Electronics Co., Ltd., (Toyou), one of China's leading providers of storage solutions and professional services.
Philip Xu, CommVault's China operations general manager, will be headquartered in Shanghai. Xu's strong leadership track record in the Asia/Pacific storage software business brings proven industry expertise and reputation to the management of CommVault sales and support offices currently located in Beijing, Shanghai and Guangzhou.
"The storage software market in Asia/Pacific is forecast to have a compound annual growth rate of 16.8 percent from 2004-2009, according to projections available from industry analyst firm IDC," said Dave West, vice president of marketing and business development at CommVault. "CommVault believes the Chinese market for storage software is primed for growth. We are making the necessary investments to establish a leadership position in this fast-paced market by building a strong local presence, with experienced local managers and full native-language support capabilities. The agreement with Toyou, in addition to CommVault's existing OEM relationships with Dell and Hitachi Data Systems, are validations that CommVault's innovative QiNetix technology and unified approach to data management answer the needs of China's enterprise IT managers."
Localized product, local support and commitment
CommVault has made a strong commitment to the Chinese storage market with the development and availability of a localized, fully-supported simplified Chinese language version of its innovative CommVault QiNetix 6.1 Unified Data Management solution. Full product support and training is provided by CommVault's Shanghai support center, staffed by local, native-language storage experts.
CommVault users in China include Tencent, China's leading provider of Internet and mobile value-added services. Tencent, which integrates IM across different platforms, such as Internet, mobile and fixed line networks, also is the provider of the QQ search product, which enables users to search for web pages, pictures, music, documents and news.
"We rely on CommVault Galaxy, a component of the QiNetix suite, to backup growing stores of data from more than 100 servers," said Mr. Jiang, project manager, Tencent. "As a provider of on-demand Internet and media services, we must meet demanding RTO and RPO objectives. We are confident that Galaxy's scalability, reliability and ease of use will help us manage our explosive growth."
Zhou Zexiang, general manager, Toyou, said, "I'm very happy that Toyou has the opportunity to partner with CommVault. As a recognized leader in the global storage management software market, CommVault's innovative Unified Data Management solutions will provide users in China with better value and a technically superior, cost-effective solution. This strategic relationship will increase the abilities of both companies to support users in China with practical solutions that solve the complex data management issues they are facing today."
About CommVault
CommVault(R) provides Unified Data Management(TM) solutions for high- performance data protection, universal availability and simplified management of data on complex storage networks. The CommVault(R) QiNetix(TM) platform, based on CommVault's Common Technology Engine, integrates Galaxy backup and recovery, snapshot management and recovery, active data migration and archiving, e-mail compliance, enterprise service level management and reporting and storage resource management software solutions. The QiNetix unified approach allows customers to add/integrate QiNetix components, at a fraction of the time, effort and money required by separate point products.
Information about CommVault is available on the World Wide Web at http://www.commvault.com/ or by calling (732) 870-4000. CommVault's corporate headquarters is located in Oceanport, New Jersey in the United States.
This press release may contain forward-looking statements, including statements regarding financial projections, which are subject to risks and uncertainties, such as competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services, general economic conditions and others. Statements regarding CommVault's beliefs, plans, expectations or intentions regarding the future are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from anticipated results. CommVault does not undertake to update its forward-looking statements.
CommVault Systems, CommVault Galaxy, CommVault QiNetix, DataMigrator, DataArchiver, QNet, CommServe StorageManager, MediaAgent, iDataAgent, CommCell and the CommVault logo are trademarks and may be registered trademarks in some jurisdictions of CommVault Systems, Inc. Product and company names herein may be trademarks of their respective owners.