Industries International Names New Top Management, Board Members; Telecom Veteran Liang Wang Becomes Chairman and CEO; Qian Huang Named CFO.SHENZHEN, China & 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. -- Industries International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IDULE), a leading manufacturer and distributor of communications-related technology in China, today announced that it has named a new management team and new members to its Board of Directors. Liang Wang Liang Wang (born 1980) is a Chinese classical oboist who studied at the Beijing Central Conservatory and with Richard Woodhams at the Curtis Institute of Music. Upon graduation from Curtis in 2003, he was offered a position as principal oboe of the Richmond Symphony Orchestra, but , 42, is the Company's new chairman and chief executive officer, replacing Kit Tsui, who has left INDI INDI Irish Nutrition & Dietetic Institute INDI I'm Not Doing It to pursue other interests. Qian Huang, 35, has been named chief financial officer, filling a position that had been left vacant with the earlier departure of Guoqiong Yu. Two other new directors have been named: Xuesong Yi, 34, and Bin Tang tang, in zoology tang: see butterfly fish. , 25. Tang is taking over as secretary for Zhiyong Xu. Yi replaces Hongyan Sun, formerly president and director. Wang, who joined Industries International in March 2004, comes to his new position with 15 years of experience in telecommunications-related management. Before joining INDI, he served as overseas business manager of Shenzhen Chuangye Electrics & Telecom Service Group from 2001 to 2004. Previously, he was general manager for Shenzhen Haiwang Electrics Corporation for five years, from 1996 to 2000. Prior to that, he had served since 1989 as the sales department manager for Panshi City Telephone Service Inc. Qian Huang comes to INDI after eight years at Shangxi Tongli Equipment Co. where she served as finance manager. Xuesong Yi served for 10 years as the administration manager for Shenzhen Dongjin Investment Development Co. before joining INDI. Bin Tang has served as chief secretary of the Chairman's Office at Shenzhen Kelian Development Group Inc. for the past three years. Mr. Wang commented: "I am pleased that the shareholders of Industries International have given me an opportunity to oversee and guide the Company's growth at this pivotal point in its history. Drawing on my own experience in the Chinese market and the expertise of the new directors and CFO See Chief Financial Officer. , I am confident that we are ready to take advantage of the rising demand for phone products among consumers and businesses, in China and globally." Company Office Relocation The Company's Los Angeles office has been moved to the facilities of Unical Enterprises, Inc. at 16960 Gale Avenue, City of Industry, CA 91745. The new contact phone number for PR issues will be 626-965-4509. If you would like to be added to INDI's investor email lists, please contact Zack Noory with Investor Relations Investor relations The process by which the corporation communicates with its investors. International at znoory@irintl.com. About Industries International Industries International Incorporated is engaged in the development and distribution of communications terminal Terminus of a communications circuit at which data can be either entered or received; located with the originator or ultimate addressee. Also called CT. products, mainly corded and cordless telephones A cordless telephone or portable telephone is a telephone with a wireless handset which communicates via radio waves with a base station connected to a fixed telephone line (POTS) and can only be operated near (typically within 100 meters or 328 ft from) its base station which are sold at more than 5,000 locations throughout China. For further information, please visit the Company's website at www.industriesintl.com. 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. Statement -- This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks, uncertainties and assumptions that, if they never materialize or if they prove incorrect, could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company assumes no obligations and does not intend to update these forward-looking statements. |
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