CathayOnline Appoints New Director and CFO.NEW YORK--(BUSINESS WIRE)--Oct. 6, 1999-- CathayOnline Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CAOL) is pleased to announce the appointment of Owen Li to Director, and the appointment of Peter S. Lau to Chief Financial Officer. Today CathayOnline announced the appointment of Owen Li to the position of Director, CathayOnline Inc. Prior to this appointment, Li was the President of the CathayOnline ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. project in China: Sichuan CathayOnline Technologies Co. Ltd. In this capacity, he specialized in technology planning and business development in computers and telecommunications. CathayOnline Inc. is pleased with his acceptance of the new appointment. Today Peter S. Lau accepted the appointment of Chief Financial Officer with CathayOnline Inc. In addition to being a former principal of a 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. firm in 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 , he also worked for Deloitte & Touche, CPA. Lau has more than 20 years professional experience in the financial market, and has held numerous positions of prestige for companies operating on Wall Street and in the Asian markets. His credentials and career path are a valued asset to CathayOnline Inc. The continued expansion of CathayOnline's Internet services, propels the Company further toward its goal of becoming a leading, fully diversified Internet company targeting Chinese-speaking markets in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. Their substantial participation in and development of the Lottery Industry in China, confirms CathayOnline's commitment to business ventures with significant cash flow opportunities and established management. CATHAYONLINE INC. On Behalf of the Board of Directors 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 , Director 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. More information can be obtained about CathayOnline by visiting http://www.cathayonline.com |
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