ACL Semiconductors Inc. Appoints The Ruth Group as Investor Relations Counsel
June 17 2010 - 10:46AM
Marketwired
ACL Semiconductors Inc. (OTCBB: ACLO) ("The Company"), a leading
Greater China-based distributor of Samsung memory electronic
products, today announced the appointment of The Ruth Group (TRG)
as its investor relations counsel.
"We are delighted to bring on The Ruth Group as our strategic,
full-service investor relations counsel," stated Mr. Alan Yang,
Chief Executive Officer of ACL Semiconductors Inc. "TRG has a
proven track record of providing first in class investor relations
guidance and expertise to growing China-based companies. We look
forward to collaborating with TRG to grow ACL Semiconductors'
investor visibility, increase Wall Street exposure and structure
strategic messaging as we secure our position as Southern China's
premier distributor of Samsung memory products."
The Ruth Group President Carol Ruth added, "We are pleased to
add ACL Semiconductors Inc. to our top-tier base of Chinese and
technology clients. As robust demand for consumer electronics in
China and the broader rebound in the semiconductor market
continues, ACL Semiconductors Inc. is poised for significant growth
as one of Greater China's premier distributors."
About The Ruth Group Consistently ranked
as one of the top U.S. financial IR/PR agencies, The Ruth Group,
based in New York, focuses on serving the communications needs of
biotechnology, pharmaceutical, medical device, technology and
semiconductor companies. Services include investor relations,
public relations, management counsel, corporate positioning,
pre-IPO public relations programs, media relations and venture
capital relations. For more information visit
http://www.theruthgroup.com.
About ACL Semiconductors Inc. ACL
Semiconductors Inc. distributes electronic components under the
"Samsung" brand name to the Hong Kong and South China markets. The
memory chips are used from everything from a mobile phone, digital
camera and laptop computer to an MP3 player or Wi-Fi product. For
more information about ACL Semiconductors please visit ACL
Semiconductors Inc.'s corporate website at
http://www.acl-semicon.com.
Forward-Looking Statements This
information contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. In
particular, when used in the preceding discussion, the words
"plan," "confident that," "believe," "scheduled," "expect," or
"intend to," and similar conditional expressions are intended to
identify forward-looking statements within the meaning of the Act
and are subject to the safe harbor created by the Act. Such
statements are subject to certain risks and uncertainties and
actual results could differ materially from those expressed in any
of the forward-looking statements. Such risks and uncertainties
include, but are not limited to, market conditions, the
availability of components and successful production of the
company's products, general acceptance of the company's products
and technologies, competitive factors, timing, and other risks
described in the company's SEC reports and filings.
Investor Contacts: Kenneth Lee Chief Financial Officer
ACL Semiconductors Inc. +1 415-812-8626 Email Contact Joseph
Villalta The Ruth Group +1 646-536-7003 Email Contact Media
Contact: Jason Rando The Ruth Group +1 646-536-7025 Email
Contact