Deswell Industries Inc. Appoints New Chief Financial Officer.MACAO -- Deswell Industries, Inc. (Nasdaq: DSWL) announced that Ms. Betty C.H. Lam has been appointed Chief Financial Officer ("CFO See Chief Financial Officer. ") of the Company. Ms Eliza Pang has resigned from the post of CFO. Ms Lam, 46, has over 20 years experience in the accountancy profession in various industries. She was most recently Finance Director for Paxar (China) Limited, a multinational corporation multinational corporation, business enterprise with manufacturing, sales, or service subsidiaries in one or more foreign countries, also known as a transnational or international corporation. These corporations originated early in the 20th cent. manufacturing packaging items, hang tags, woven and paper labels for the garment industries. During July 1997 to June 1999, Ms Lam served as Financial Controller of a U.S. based international architectural and interior design firm. Ms Lam also served in Deloitte Haskins & Sells, a professional accountancy firm for more than three years. Ms Lam received her Master of Business in Accounting and Finance from the University of Technology, Sydney in 1996 and her Professional Diploma in Accountancy from the 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. Polytechnic in 1985. About Deswell Deswell manufactures injection-molded plastic parts and components, electronic products and subassemblies, and metallic products for original equipment manufacturers ("OEMs") and contract manufacturers at its factories in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. The Company produces a wide variety of plastic parts and components used in the manufacture of consumer and industrial products; printed circuit board assemblies using surface mount ("SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management ") and finished products such as telephones, telephone answering machines, sophisticated studio-quality audio equipment and computer peripherals. The Company's customers include Digidesign Inc., Vtech Telecommunications Ltd., Epson Precision (H.K.) Ltd., Inter-Tel Incorporated, Line 6 Manufacturing and Peavey Electronics Peavey Electronics Corporation is one of the largest audio equipment manufacturers in the world, headquartered in Meridian, Mississippi in the United States. History Hartley Peavey founded Peavey Electronics in 1965 after building his first amplifier in 1957. Corporation. To learn more about Deswell Industries, Inc., please visit the Company's web site at www.deswell.com. |
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