SHANGHAI, Dec. 3, 2012 /PRNewswire/ -- Taomee Holdings
Limited ("Taomee" or the "Company") (NYSE: TAOM), a leading
children's entertainment and media company in China, today announced two senior management
promotions.
Mr. Roc Yunpeng Cheng, chief
operating officer ("COO") of Taomee, has been promoted to his new
role as President of the Company. Mr. Roc Cheng will assume greater
responsibility of the daily operating business for Taomee and will
report to Mr. Benson Haibing Wang,
chief executive officer ("CEO") of the Company. The Company also
approved the appointment and promotion of Mr. Frank Chenghua Zhu as Executive Vice President
of the Company, who will be responsible for the company's branded
entertainment business. The two promotions will be effective as of
Monday, December 3, 2012.
"On behalf of the entire Taomee team, I would like to
congratulate Roc and Frank for their well-deserved promotions and
dedication to the Company," commented Mr. Benson Wang, co-founder and CEO of Taomee. "As
we continue to expand our core character and brand exposure on
cross-media platforms, we believe that Roc's strong understanding
of children's online virtual world will continue to prove
invaluable to the Company as we aim to deepen our relationships
with children and their parents. In addition, Frank's
experience in brand management and licensing operations will
continue to be a significant contributor to our brand expansion
offline. We believe that their proven expertise will continue
to advance the Company's strategic goals as we remain dedicated to
delivering exceptional entertainment options to children and
families in China and across
Asia."
About Taomee Holdings Limited
Taomee Holdings Limited is a leading children's entertainment
and media company in China.
Founded in 2007, Taomee is a pioneer in developing animated
franchises for children in Greater
China that are trusted, fun and educational. The Company's
Mole's World and Seer franchises and characters have
reached millions of children and families originally through
virtual worlds, but increasingly offline through the Company's
expansion into books, monthly print magazines, mobile applications,
animated television series and movies. Driven by its child-centric
culture and cross-media platform, Taomee is committed to delivering
exceptional entertainment to children and families in China and across Asia. For more
information, please visit: http://www.taomee.com/en_taomee.html
- Visit online virtual world communities at www.61.com
- Watch animations and films at http://v.61.com/
- Download mobile games and applications at http://m.61.com/
- Share with other parents and caregivers at
http://mama.61.com/
Safe Harbor Statements
This press release contains statements that may constitute
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words or phrases
such as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions. Among other things, the
management's quotations and outlook information contain
forward-looking statements. These forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements to
be materially different from those expressed or implied by the
forward-looking statements. Potential risks and uncertainties
include, but are not limited to: the Company's business strategies
and initiatives as well as business plans; future business
development, results of operations and financial condition;
expected changes in revenues and certain cost or expense items;
expectations with respect to increased revenue growth and the
Company's ability to sustain profitability; the Company's services
and products under development or planning; the Company's ability
to attract users and further enhance the Company's brand
recognition; and trends and competition in the children's
entertainment and media market and industry, including those for
online entertainment. Further information regarding these and other
risks is included in Taomee's filings with the U.S. Securities and
Exchange Commission, including its registration statement on its
final prospectus dated June 10, 2011
and its annual report on Form 20-F dated April 18, 2012. All information provided in this
press release is as of the date of the press release, and the
Company undertakes no obligation to update any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as required under applicable
law. Although the Company believes that the expectations expressed
in these forward looking statements are reasonable, the Company
cannot assure you that their expectations will turn out to be
correct, and investors are cautioned that actual results may differ
materially from the anticipated results.
For more information, please contact:
Taomee Holdings Limited
Na You
IR Manager
Taomee Holdings Limited
+86-21-61280056-8578
ir@taomee.com
SOURCE Taomee Holdings Limited