BEIJING, June 7, 2013 /PRNewswire/ -- eLong, Inc.
(Nasdaq: LONG), a leading online travel company in China, today announced the appointment of Rong
Luo as the Company's Chief Financial Officer, effective
June 8, 2013 (Beijing Time).
(Logo: http://photos.prnewswire.com/prnh/20041118/ELONGLOGO)
Prior to joining eLong, Mr. Luo was finance senior manager
(China) for the Lenovo Group, and,
prior to Lenovo, held a number of positions in Beijing and Seattle in the finance function of the
Microsoft Corporation, including analyst, manager and senior
manager. Mr. Luo holds a double major Bachelor's Degree in
Economics and Information Management & Systems from Peking
University, a Master's Degree in Management Science and Engineering
from Tsinghua University, and is a PhD candidate in Management of
Information Sciences at Peking University.
"We are delighted to welcome Rong Luo as our new CFO, and are
confident he will make significant contributions to eLong's growth
and development," said Guangfu Cui,
Chief Executive Officer of eLong.
Safe Harbor Statement
Statements in this press release concerning eLong's future
business, operating results and financial condition are
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the
Private Securities Litigation Reform Act of 1995. Words such as
"anticipate," "believe," "estimate," "expect," "forecast,"
"intend," "may," "plan," "project," "predict," "future," "is/are
likely to," "should" and "will" and similar expressions as they
relate to eLong are intended to identify such forward-looking
statements, but are not the exclusive means of doing so. These
forward-looking statements are based upon management's current
views and expectations with respect to future events and are not a
guarantee of future performance. Forward-looking statements
include, but are not limited to, statements about our anticipated
growth strategies, our future business development, results of
operations and financial condition, our ability to control costs
and/or maintain profitability, our ability to attract customers and
leverage our brand, and trends and competition in the travel
industry in China and globally.
Furthermore, these statements are, by their nature, subject to a
number of risks and uncertainties that could cause our actual
performance and results to differ materially from those discussed
in the forward-looking statements. Factors that could affect our
actual results and cause our actual results to differ materially
from those referred in any forward-looking statement include, but
are not limited to, declines or disruptions in the travel industry,
international financial, political or economic crises, a slowdown
in the PRC economy, an outbreak of bird flu or other disease,
eLong's reliance on maintaining good relationships with, and stable
air and hotel inventory from, hotel suppliers and airline ticket
suppliers, and on establishing new relationships with suppliers on
similar terms, our reliance on the TravelSky GDS system for our air
business and Baidu (and its subsidiary Qunar) and Qihu for our
search engine marketing, the risk that eLong will not be able to
increase its brand recognition, the possibility that eLong will be
unable to continue timely compliance with the Sarbanes-Oxley Act or
other regulatory requirements, the risk that eLong will not be
successful in competing against new and existing competitors, the
risk that our infrastructure and technology are damaged, fail or
become obsolete, risks associated with Expedia, Inc.'s (Nasdaq:
EXPE) majority ownership interest and Tencent's shareholding in
eLong, risks relating to eLong's investment in other businesses and
assets, fluctuations in the value of the Renminbi, inflation in
China, changes in eLong's
management team and other personnel, risks relating to
uncertainties in the PRC legal system, including but not limited
to, risks relating to our affiliated Chinese operating entities and
risks relating to the application of preferential tax policies, and
other risks mentioned in eLong's filings with the U.S. Securities
and Exchange Commission, including eLong's Annual Report on Form
20-F.
If one or more of these risks or uncertainties occur, or if our
underlying assumptions prove to be incorrect, actual events or
results may vary significantly from those implied or projected by
the forward looking-statements. Investors should not rely upon
forward-looking statements as predictions of future events. Except
as required by law, we undertake no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise. All forward-looking
statements contained in this press release are qualified by
reference to this cautionary statement.
About eLong, Inc.
eLong, Inc. (Nasdaq: LONG - News) is a leader in online hotel
reservations in China offering
consumers a leading hotel network of more than 205,000 bookable
domestic and international properties in 200 countries
worldwide. eLong uses innovative technology to enable travelers to
make informed hotel and air ticket booking decisions through its
convenient website and mobile (iPhone, iPad, Android, and Windows
Phone) applications and easy to use tools such as destination
guides, photos, virtual tours, maps and user reviews. eLong
provides 24-hour customer support and the ability to fulfill
domestic and international air ticket reservations across
China. eLong's largest
shareholders are Expedia, Inc. (Nasdaq: EXPE) and Tencent Holdings Ltd. (HKSE: 0700). eLong
operates websites including www.elong.com and www.elong.net.
For further information, please contact:
eLong, Inc.
Investor Relations
ir@corp.elong.com
+86-10-6436-7570
SOURCE eLong, Inc.