NEW YORK, March 28, 2016 /PRNewswire/ -- YOU On Demand
Holdings, Inc. (NASDAQ: YOD) ("YOU On Demand" or "YOD" or the
"Company"), a leading Video On Demand ("VOD") service provider
in China, delivering Hollywood movies & premium
content to TV and mobile screens, announced today that Ms.
Mei Chen is joining the Company as
its new Chief Financial Officer (CFO), effective April 1, 2016. In addition, Mr. Bing Yang,
will become President of YOU On Demand's newly formed, E-Commerce
division, effective April 26,
2016.
Both the new hires and the new E-Commerce division will be
discussed on the Q4 and FY 2015 Earnings Conference Call. It
should be noted that the earnings call, originally scheduled for
March 30, 2016 at 8:00 AM EDT, is now scheduled for March 30, 2016 at 4:30
PM EDT.
Both Ms. Chen and Mr. Yang come to YOU On Demand with vast
experience and as accomplished professionals and leaders in their
respective fields. Ms. Chen has worked at several large
multi-national companies during her career including Cisco, Nokia
and most recently, Microsoft China. In addition to her twenty
plus years of management and operating experience, she brings with
her a keen understanding and extensive background in corporate
finance, financial planning and analysis, treasury, strategic
planning, risk management, controls and compliance.
Ms. Chen holds a Bachelor's Degree from the Harbin Institute of
Technology, a Bachelor's Degree in Accounting from The People's
University of China in
Beijing and an MBA in Finance from
Hong Kong Chinese University.
Mr. Yang, a result-driven technology entrepreneur focused on
long-term, repeatable success, joins YOU On Demand with a wide
range of experience in research & development, product
development and sales and marketing. Most recently as the CEO of
KJT, a pioneer in cross border e-commerce in China, he was responsible for the entire
online retailer strategy and operations including marketing, sales,
logistics, warehousing, payment, IT, customer service and supply
management. Prior to KJT, Mr. Yang held various executive
level positions throughout his thirty-year career at companies such
as Cisco and Convergent Networks, a pioneer in VoIP
technologies.
Mr. Yang earned a Bachelor of Science in Electrical Engineering
from the University of Texas at Austin
and a Master of Science in Electrical Engineering from the
University of New Hampshire.
"We are extremely pleased with these two new additions to the
YOU On Demand team who will make an immediate impact to our
organization's goals," said Mingcheng
Tao, CEO. "They are both incredibly capable executives who
bring talent, value and expertise to their individual roles.
Ms. Chen will be a tremendous asset to YOU On Demand and will lead
the implementation of a significantly streamlined, more flexible
cost structure and operating model, while enabling us to focus on
our highest-potential growth opportunities. Mr. Yang, with
his strong track record of value creation and focus on driving
growth, profitability and operational excellence, fits well with our
vision to achieve bold strategic initiatives, specifically in the
area of e-commerce."
About YOU On Demand Holdings, Inc.
(http://corporate.yod.com)
YOU On Demand (NASDAQ: YOD), is a leading multi-platform
entertainment service company delivering premium content, including
leading Hollywood movie titles, to
customers across China via
Subscription Video On Demand and Transactional Video On Demand. The
Company has secured alliances with leading global media operators
and content developers. YOU On Demand has content
distribution agreements in place with many of Hollywood's top
studios including Disney Media Distribution, Paramount Pictures,
NBC Universal, Twentieth Century Fox Television Distribution,
Miramax, as well as a broad selection of the best content from
Chinese filmmakers. The Company has a comprehensive end-to-end
secure delivery system, governmental partnerships and approvals and
offers additional value-added services. YOU On Demand has strategic
partnerships with the largest media entities in China, a highly experienced management team
with international background and expertise in Cable, Television,
Film, Digital Media, Internet and Telecom. YOU On Demand is
headquartered in both New York, NY
and Beijing, China.
Safe Harbor Statement
This press release contains certain statements that may include
"forward looking statements." All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects," "will" or similar expressions, involve known and unknown
risks and uncertainties. The forward-looking statements in
this release include statements regarding the impact of the new
officers on the Company's goals, the Company's future growth
opportunities and strategic initiatives. Although the Company
believes that the expectations reflected in such forward-looking
statements are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
CONTACT:
Jason
Finkelstein
YOU On
Demand
212-206-1216
jason.finkelstein@yod.com
@youondemand
corporate.yod.com
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SOURCE YOU On Demand Holdings, Inc.