Asia Time Corporation Expands Management Team with CFO Appointment.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. & LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Asia Time Corporation (Amex: TYM TYM Thank You Much TYM Tao Yeu Mai (Vietnamese: People Loving People; Vietnam microfinance) TYM Total Yeast & Mold Count ) ("Asia Time") today announced that Lin King Wai has joined the Company as Chief Financial Officer, effective April 21, 2008. "Mr. Lin's hire is a natural expansion of our management infrastructure to further support our Company's planned growth. We welcome Mr. Lin to Asia Time and are delighted to have access to his more than 17 years of financial expertise, including experience with companies listed on the U.S. and Hong Kong stock exchanges," said Kwong Kai Shun, Chairman and Chief Executive Officer of Asia Time Corporation. "Mr. Lin's new appointment as CFO See Chief Financial Officer. will allow me to focus 100 percent on chief executive duties including business development, customer relations and capital expansion." A certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. in Hong Kong, Mr. Lin worked as an independent financial consultant prior to joining Asia Time. Previously, he was a Senior Manager at the Hong Kong Great Wall CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. Ltd. where he was responsible for tax compliance and planning, insurance company audits, U.S. IPOs and due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. for mergers and acquisitions in China. Earlier, Mr. Lin served as Manger of Moores Roland where he was in charge of audit advisory for companies listed on the Hong Kong stock exchange This is a list of companies listed on the Hong Kong Stock Exchange (HKEx), ordered chronologically by stock code. The names of the companies appear exactly as they do on the stock exchange listing. , including Hong Kong IPOs. Mr. Lin also served in senior financial roles at Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. , and private accounting firms Kwan Wong Tan & Fong CPA and Li Tan Chen CPA. About Asia Time Corporation Asia Time is a watch movement and watch distributor headquartered in Hong Kong. The Company distributes watch movement components used in the manufacture and assembly of watches to a wide variety of timepiece manufacturers. Asia Time markets more than 350 products from over 30 vendors, including such market leaders as Citizen, Seiko and Ronda. For more information, please visit www.asiatimecorp.com. To be added to the Company's email distribution for future news releases, please send your request to asiatime@finprofiles.com. Forward Looking Statements This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to, our dependence on a limited number of suppliers, cyclicality of our business, decline in the value of our inventory, significant order cancellations or delays, competitive nature of our industry, vulnerability of our business to general economic downturn, our ability to obtain all necessary government certifications and/or licenses to conduct our business, changes in the laws of the People's Republic of China that affect the Company's operations, development of a public trading market for the Company's securities, cost of complying with current and future governmental regulations and the impact of any changes in the regulations on the Company's operations and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The risks included here are not exhaustive. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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