Orsus Xelent Technologies, Inc. Announces Appointment of New CEO and Directors
April 02 2009 - 7:00AM
Marketwired
Orsus Xelent Technologies, Inc. (AMEX: ORS), a designer and
manufacturer of award-winning mobile phones for the Asian market,
announced today that its Board of Directors has appointed Mr. Guoji
Liu to serve as CEO and director of the Company effective
immediately. He replaces Mr. Xin Wang, former CEO and a director,
who has resigned from the Company for personal reasons.
Additionally, Mr. Jian Gao, an independent director of the Board
who served as a member of the Board's Audit Committee and
Compensation Committee, resigned from the Board for personal
reasons, and Board member Mr. Peng Wang has been elected by the
Board to be a member of the Audit Committee having previously
served on the Nominating Committee.
Mr. Yu Liu, Chairman of Orsus Xelent, stated, "On behalf of the
Board, I would like to thank Mr. Xin Wang and Mr. Jian Gao for
their past services to the Company and wish them every success in
their future endeavors. We are very pleased that Mr. Guoji Liu,
with his strong record of success, has accepted the positions of
CEO and member of the board, and look forward to the fresh energy
we think he can bring to leading the Company. I also would like to
offer our sincere thanks to Mr. Peng Wang for assuming his new
responsibilities as a member of the Audit Committee."
Confident Of New Levels Of Success
The Company's new CEO, Mr. Guoji Liu, 39, is a 15 year veteran
of the cell phone industry who has been a Deputy General Manager of
the Company since 2007 where he has helped capture a considerable
market share for the Company's mid-level and low end products. His
previous positions include: Supervisor of the Pantech Beijing
office and Sales Director for Xiamen Chabridge Telecom Equipment
Co. Ltd, where he launched numerous new phone models; General
Manager of the marketing department at Tianjin Sanyo
Telecommunication Corp., where he led that Company's successful
efforts to win CDMA contracts and penetrate some of China's largest
provinces with Sanyo CDMA phones; and Account Manager for Beijing
Nokia Telecommunications Ltd, where he led the sales and marketing
effort in Jiangsu and Jiangxi provinces. He also served as
assistant to the CEO of Beijing Huasong PYPO Group Co. Ltd.
The new CEO, Mr. Guoji Liu, stated, "Orsus is an emerging and
creative brand in China, with innovative product concepts and sales
models. Further, the Company was developed with a flexible
corporate structure and well-trained dynamic personnel with
innovative thinking. Consequently, I strongly believe the Company
will quickly adapt to the changing market demand in China, just as
it has before, and attain new levels of success. Further, while the
telecom industry restructuring is continuing, it will fuel new
growth and development. As a Company, we will continue to monitor
market trends and be ready to make any needed adjustments to
succeed."
He added, "Together with my colleagues at Orsus Xelent, I am
confident we can accomplish new missions and challenges. We will do
our best to improve upon the Company's outstanding achievements and
to advance the interests of all stockholders."
Directors
The Company said that Mr. Peng Wang, who has been a director of
the Company since February 2007, will serve as a member of the
Board's Audit Committee effective March 27, 2009. He earned his
Master of Business Administration degree at the Peking University
in China in July 2005 and received his B.A. as a financial
accounting student from Central University of Finance and Economics
in September 1996. He has since had a successful career in the IT
and telecommunication industries. Since June 2003, he has served as
a General Manager of Beijing Youlilianxu Technology Co., Ltd. From
January 2001 to February 2003, he worked as the Duty General
Manager of Zhongke Lingzhi Technology Co., Ltd. From September 1999
to December 2000, he was the marketing manager of Shunjie
Consulting Technology Co., Ltd. where he was responsible for
establishing and implementing marketing strategy, recruiting and
selecting new talents, and demonstrating and presenting products in
many exhibitions to attain sales and profit.
The Company said that with the new appointments, the Company's
Board is now comprised of five members. They are Mssrs. Yu Liu,
Naizhong Che (independent director), Zhixiang Zhang (independent
director), Peng Wang (independent director) and Guoji Liu. The
three independent directors, with two each per committee, were also
appointed to serve on the Nomination/Corporate Governance
Committee, the Audit Committee and the Compensation Committee of
the Board.
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 finger print recognition and touch-screen
displays. Increasingly, the Company 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 New York, 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.
Contacts: Orsus Xelent Technologies, Inc. Guoji Liu Director
& CEO PRC: Tel: 010-8565-3777 Fax: 010-8565-3666 US: Investors:
Tel: 212-402-7803 Fax: 212-425-6951 Press: Tel: 212-425-5700 Fax:
212-425-6951
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