CathayOnline, Inc. Announces New President.Business Editors/Hi-Tech Writers NEW YORK--(BUSINESS WIRE)--April 25, 2001 CathayOnline, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CAOL) today announced Ken Levy as the new President of the company. Mr. Levy possesses broad international experience in investment banking, marketing, retailing and the Internet and he is currently the president of a development firm specializing in Internet related companies. Mr. Levy has served as director for a number of publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. and has been the Senior Managing Director of a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of investment banking and brokerage firm. In addition, Mr. Levy's accomplishments include: president of an investment-banking firm; president and a founder of a firm that invested in, and developed, businesses in the Soviet Union; and president and founder of a 21 store specialty clothing chain. Mr. Peter Lau has resigned as a member of the board of directors, but will continue to remain as a director of CathayOne, Inc. Mr. Eiler Pedersen is the President of Via Technology Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CathayOnline. Pedro Eiler Pedersen has more than 20 years of experience in the technology industry. He has been an IT manager and systems developer/advisor for numerous projects and portfolio companies. Mr. Pedersen has specialized in new technologies as well as integration of the Internet into daily business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . Mr. Brian Ransom Brian Ransom (born June 6, 1940) was a Manitoba politician. In 1983, he unsuccessfully ran for the leadership of the Progressive Conservative Party of Manitoba. Ransom was born in Boissevain, Manitoba, and was educated at the University of Manitoba and the University of will remain with CathayOnline as Vice President of Technology and Development overseeing the day-to-day development of technology for CathayOnline. The Company intends to expand its Board of Directors and is in the process of identifying new candidates. About CathayOnline, Inc. CathayOnline Inc. is a development company providing integrated Internet Service through its subsidiaries. Through key acquisitions, joint ventures, and prestigious international and domestic alliances, the Company is facilitating the delivery of products and services in two high growth areas: (1) Internet connectivity; and (2) email and advanced Internet communication services. More information can be obtained about CathayOnline by visiting http://www.cathayonline.com. For further information, contact M. Johnson & Associates, Inc. 877/893-8668. Attn: Brad Maxwell Brad Maxwell (born July 8, 1957 in Brandon, Manitoba) was a professional ice hockey player renowned as a playmaking defenceman. After having won the Memorial Cup in 1977 as a member of the New Westminster Bruins, Maxwell was selected seventh overall in the 1977 NHL Amateur Draft by Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including "anticipate", "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. |
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