HONG KONG, Dec. 8, 2010 /PRNewswire-Asia/ -- ACL
Semiconductors (OTC Bulletin Board: ACLO), a leading China-based distributor of Samsung memory
electronic products in Hong Kong
and Southern China, announced
today the appointment of Messrs Man Sing Lai, Ho Man Yeung and Wing San Leung to its Board of
Directors effective immediately.
Mr. Alan Yang, Chairman and Chief
Executive Officer of ACL Semiconductors, commented "We are
extremely pleased to add these three accomplished independent
directors to our Board. Collectively they bring over 50 years of
experience and we look forward to their valuable industry insights
as we accelerate the company's long-term strategy. Our board
expansion also reflects our commitment to corporate governance best
practices, as we further enhance our leading position in
distributing memory products in China. These individuals will be immediate,
valuable and contributing members of our Board."
Mr. Man Sing Lai has been Chief
Financial Officer of Mainland Headwear Holdings Limited, a headwear
manufacturer, since 2008. From 2007 to 2008 Mr. Lai was Financial
Controller of J.I.C. Technology Company Limited, a LCD
manufacturer. From 2001 to 2007, Mr. Lai was the Director of
Finance at GVG Digital Technology Holdings (HK) Ltd a DVD player
manufacturer in China.
Mr. Ho Man Yeung has been a
Director of Avnet Sunrise Ltd. since 2002. Avnet Sunrise Ltd. is a
subsidiary of Avnet, Inc. (NYSE: AVT) a global distributor of
electronic components and devices. Mr. Yeung brings over
twenty-five years of experience in the electronic distribution
industry.
Mr. Wing San Leung has been Project Director since April 2010 at German Alternative Investment
(Shenzhen) Company Co. Ltd. an
investment and advisory services firm. From 2007 to 2009, Mr. Leung
was Vice President & Senior Consultant at Shenzhen Everich
Industrial Co. Ltd., an importer and exporter of electronics. Prior
to that, Mr. Leung was Sales Director at Sigmatel Asia Inc., a
distributor of electronic components in China and Hong
Kong. Mr. Leung has over twenty years of experience in the
electronics distribution industry in the
United States, China and
Hong Kong.
About ACL Semiconductors
ACL Semiconductors distributes electronic components under the
"Samsung" brand name to the Hong
Kong and South China
markets. The memory chips are used in a broad range of
consumer electronic devices including mobile phones, laptop
computers and MP3 players. For more information about ACL
Semiconductors please visit ACL Semiconductors' corporate website
at http://www.acl-semicon.com.
Forward-Looking Statements
This information contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
In particular, when used in the preceding discussion, the
words "plan," "confident that," "believe," "scheduled," "expect,"
or "intend to," and similar conditional expressions are
intended to identify forward-looking statements within the meaning
of the Act and are subject to the safe harbor created by the Act.
Such statements are subject to certain risks and uncertainties and
actual results could differ materially from those expressed in any
of the forward-looking statements. Such risks and uncertainties
include, but are not limited to, market conditions, the
availability of components and successful production of the
company's products, general acceptance of the company's products
and technologies, competitive factors, timing, and other risks
described in the company's SEC reports and filings.
Investor Contacts:
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Kun Lin Lee
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Joseph Villalta
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Chief Financial Officer
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The Ruth Group
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ACL Semiconductors Inc.
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+1 646-536-7003
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+1 415-812-8626
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jvillalta@theruthgroup.com
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+852-3666-9939
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klee@atlantic.com.hk
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Media Contact:
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Jason Rando
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The Ruth Group
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+1-646-536-7025
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jrando@theruthgroup.com
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SOURCE ACL Semiconductors