Orsus Xelent Announces New Audit Committee Chairman
October 31 2008 - 4:00PM
Marketwired
Orsus Xelent Technologies, Inc. (AMEX: ORS), a designer and
manufacturer of award-winning mobile phones for the Asian market,
announced today that Mr. Zhixiang Zhang, a director of the Company,
has been appointed Chairman of the Audit Committee of the Board of
Directors. He replaces Mr. Howard S. Barth who, for personal
reasons, announced his resignation from this post and also as a
director of the Company, thereby reducing the Orsus Board from
seven members to six.
The Company noted that Mr. Zhang, 40, who has ably served as a
Director of Orsus Xelent since February 7, 2007, brings
considerable financial experience to his new position. He is the
holder of a bachelors (taxation) and a masters degree (finance)
from the Central University of Finance and Economics and has
extensive experience in corporate financial management, audits and
financial strategy. Currently, he serves as Financial Controller
for Beijing Zhong Qi Tian Yuan Credit Management Co., Ltd.
Previously, he was the Financial Controller for CECT-Chinacom
Communications Co. LTD. Prior to these positions, Mr. Zhang served
in key financial capacities at a variety of companies.
About Orsus Xelent Technologies, Inc.
Incorporated in the State of Delaware and headquartered in
Beijing, China, Orsus Xelent Technologies, Inc. is an emerging
designer and manufacturer of award-winning mobile phones for the
Asian market, primarily the People's Republic of China (PRC). The
Company's business encompasses the design of mobile phones, related
digital circuits, and software development, and it is a recognized
pioneer in mobile phone integration technology. It introduced the
region's first wristwatch-style cellular phone, and it continues to
break new ground with state-of-the-art phones that include advanced
features such as fingerprint recognition and touch-screen displays.
The Company also is focused on developing and marketing, under its
Proxlink trademark, special application mobile phones for
specialized users in a wide variety of professions in business and
government. Since the Company's launch in 2004, it has established
"Orsus" as a popular brand and achieved a significant share of the
world's largest mobile phone market. It maintains more than 179
service call centers across the PRC, with additional offices in
Shanghai, Hong Kong, Shenzhen, and Tianjin. For more information,
please visit the Company's web site: www.orsus-xelent.com.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the
statements in this Press Release are forward-looking statements
that are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which
may cause our actual results in future periods to differ materially
from forecasted results. These risks and uncertainties include,
among other things, product demand, market competition, and risks
inherent in our operations. These and other risks are described in
our filings with the Securities and Exchange Commission.
Contact: Orsus Xelent Technologies, Inc. Xavier Xin Wang
President & CEO PRC: Tel 010-85653777 Fax 010-85653666 US:
Investors: Tel: 212-402-7838 Fax: 212-425-6951 Press: Tel:
212-425-5700 Fax: 212-425-6951
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