Alex Fang Joins SurplusChannel.com as Managing Director of Hong Kong Office.Business Editors CHICAGO--(BUSINESS WIRE)--May 30, 2000 Will focus on facilitating sales of surplus electronics inventories between U.S. and Chinese manufacturers and distributors SurplusChannel.com (www.surpluschannel.com), the premier online surplus marketplace, today announced the appointment of Alex Fang as Managing Director. Fang will be based in the newly opened Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. office, where he will be charged with growing SurplusChannel.com's online trade in surplus circuit boards and other electronic finished goods and components. Among his responsibilities will be increasing the number of buyers and sellers posting on the site, and promoting its use by U.S. and Chinese original equipment manufacturers (OEMs), distributors, and assemblers. "The addition of Alex Fang to the SurplusChannel.com team will help us quickly expand into new markets, both in terms of product offerings and geographical locations," stated Doug Kinney, President of SurplusChannel.com. "The electronics market in China is huge - more than $250 billion. Having someone with Alex's experience and connections located in Hong Kong will help us gain a strong presence quickly. We believe that our model of actively seeking buyers as well as sellers, and the ability to negotiate sales directly rather than going through the time-consuming auction process, will provide all sides with greater business value and shorten the sales cycle." Fang joins SurplusChannel.com after a successful stint as Director of Business Development for GET Manufacturing, Inc., a Hong Kong-based manufacturer of electronic circuit boards, where he managed annual sales in excess of $250 million. During this time he also established strategic relationships with major OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers, integrated operations between acquisitions in the U.S. and Mexico, and negotiated the sale of the company to Jabil Circuit Jabil NYSE: JBL is a provider of electronic manufacturing services. Jabil designs and manufactures electronic circuit boards for major OEMs in a diverse group of industries including automotive, computing and storage, consumer products, medical, networking, peripherals and Inc. (NYSE NYSE See: New York Stock Exchange : JBL JBL James Bullough Lansing (audio/speaker engineer) JBL Journal of Biblical Literature JBL John Bradshaw Leyfield (wrestler) JBL Jonathan Bell Lovelace (investment research) ), a corporation with $6.73 billion in market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . Fang also served as Program Manager for Hong Kong for GET, after joining the company in the Corporate Development department in 1996. Prior to signing on at GET Manufacturing, Fang was an auditor for the Hong Kong office of Ernst & Young. Fang graduated in 1993 with a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Accounting from the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission , where he made the Dean's list and was a member of the Beta Alpha Psi BAΨ (Beta Alpha Psi) is an honorary organization for accounting, finance and information systems students and professionals. Its primary objective is to encourage and recognize academic and professional excellence in the financial information field. fraternity for academic excellence. About SurplusChannel.com SurplusChannel.com is the premier online business-to-business marketplace for transactions involving surplus inventories. The negotiation-based site features a selection of available product categories, as well as services and features that support supply-chain managers in every step of the distribution and procurement process. For more information, go to their Web site at www.surpluschannel.com, or write/call Laura Pitts: 318 W. Adams Street, Suite 1404, Chicago, IL 60606, 847-782-7632, Fax 312-346-2054. |
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