NEW YORK and SHENZHEN, China, May
18 /PRNewswire-Asia-FirstCall/ -- New Energy Systems Group
(OTC Bulletin Board: NEWN), a vertically integrated original design
manufacturer and distributor of lithium ion batteries and backup
power systems, today announced the appointment of Mr. Li Liu as a new, independent member of the
company's Board of Directors. This appointment brings the number of
independent directors to two, with the total board now comprised of
four members.
Mr. Nian Chen, Chief Executive
Officer, commented, "We are extremely pleased to welcome
Li Liu to our expanded board of
directors. Li brings well over a decade of hands-on engineering,
technical design and management experience. In particular, he has
extensive experience in the multimedia electronics arena such as
technical design of DVD players and LCD televisions. This
engineering know-how and experience has direct relevance for New
Energy as we continually work to innovate in the manufacturing of
new and better lithium ion battery designs. His experience will be
particularly helpful on our board as we continue to grow our
direct-to-consumer business and position ourselves at the forefront
of the lithium ion battery market. We are committed to building a
talented and well-rounded leadership team that will support the
next phase of our growth, and the recently announced additions to
our board will help us to continue to achieve our goals."
Mr. Li Liu brings over 20 years
of senior engineering and business experience having successfully
built and managed a variety of companies within the technical
design space. Since early 2007, Mr. Liu has served as general
manager of Shenzhen Everstar Technology Co., Ltd., with
responsibility for technical design of a variety of electronic
products including DVDs and LCD TVs and similar products that
require PCBA manufacturing. Prior to that, he served as technical
director of Shenzhen ASA Industry Co., Ltd., the world's largest
DVD loader manufacturer. Mr. Liu has served for over 16 years in
various engineering capacities with electronic device
manufacturers. He has been awarded a total five separate patents
and is the recipient of other scientific and technical honors. Mr.
Liu is an MBA graduate of the Economics and Management School of
Wuhan University and has a
Bachelor degree of Engineering from Southeast University with a
Major in Semiconductor Physics and Devices.
About New Energy Systems Group
New Energy Systems Group is a vertically integrated original
design manufacturer and distributor of lithium ion batteries and
backup power systems for mobile phones, laptops, digital cameras,
MP3s and a variety of other portable electronics. The company's
end-user consumer products are sold under the Anytone brand in
China, and the company has begun
expanding its international sales efforts. The fast pace of new
mobile device introductions in China combined with a growing middle class
make it fertile ground for New Energy's end-user consumer products
as well as its high-powered, lightweight lithium ion batteries. In
addition to historically strong organic growth, New Energy
anticipates that it will benefit from economies of scale, broader
distribution, greater production capacity and higher profit margins
in 2010. Additional information about the company is available at:
http://www.newenergysystemsgroup.com .
Forward Looking Statements
This release contains certain "forward-looking statements"
relating to the business of the Company and its subsidiary and
affiliated companies. These forward looking statements are often
identified by the use of forward-looking terminology such as
"believes," "expects" or similar expressions. Such forward looking
statements involve known and unknown risks and uncertainties that
may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
Investors 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 to
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.
For more information, please contact:
Crescendo Communications, LLC
David Waldman or John Quirk
Tel: +1-212-671-1020
Email: newn@crescendo-ir.com
SOURCE New Energy Systems Group