XI'AN, China, May 14 /Xinhua-PRNewswire-FirstCall/ -- ALONG Mobile Technologies Inc. (OTC Bulletin Board: AGMB), a leading provider of wireless interactive entertainment products and services in China, today announced it has named to its board three new independent directors. The new directors are Mr. Yuan Hong, Mr. Erping Yang, and Mr. Guoshen Jia, effective on May 11, 2007. The ALONG board now has 6 members.
Mr. Li Jianwei, the CEO of ALONG commented, "We are very pleased that three highly experienced professionals are joining ALONG's board. We will benefit greatly from their knowledge and expertise in matters directly relevant to our current tasks. Their experience, together with that of our existing directors and officers, will surely accelerate our achievement of key objectives which are critically important to our growing role as a U.S. public company. The addition of independent directors demonstrates ALONG's commitment to be more transparent and its increasingly strengthened corporate governance."
Appointment of Independent Directors
On May 11, 2007, the Board of Directors of ALONG Mobile Technologies Inc. expanded its board of directors by adding three new directors. Each of them will serve on the Board of Directors as an "independent director" as defined by the American Stock Exchange ("Amex") corporate governance requirements pursuant to the Amex Company Guide.
Establishment of the Board Committee
On May 11, 2007, by unanimous written consent, the Board of Directors adopted an Audit Committee Charter, Compensation Committee Charter, and a Nomination and Governance Committee Charter.
Independent Directors Biographical Information
Mr. Guoshen Jia received his Masters of Law from Ren Min University of China in 1990. Later, he received his PhD in Strategic Decision Making. Mr. Jia served as the Secretary and Economic Researcher for the China Aviation & Spaceflight Ministry and the vice president of Jiang Su Huifeng Information Industry Group from 1990 to 1997. In 1998, he worked with the Shenyang Hong An Group to successfully plan a merger between an Engine factory and two parties. In 2000, he worked with Guangdong Dong Chen Group to plan and implement the rental and operation of Jiu Jiang Dragon Palace Cave, and in the same year, he worked with BaoDing Ke Han Technology Development Company where he planned and implemented a financing market sales plan. In 2001, Mr. Jia became Chief of the Delegates for Hua Li Chuang Tou Company in Beijing. From 2001 to 2002, Mr. Jia served as Chief of the Delegates of Shang Hai HuaLi Management Company. In 2003, as a preside for the first 14 parts of the China Decision Making Theory, he resolved a world wide problem regarding Economic Management and Science, and challenged the Nobel Prize Winner and Chinese academician. Currently, he is writing many books on philosophy, economics, management science, religion and history.
Mr. Erping Yang received his MBA from Xi'an Jiaotong University in 1991. He is a professor of Xi'an Institute of Economics and Finance and teaches Strategy Management, Operation Management and Technology Economics. Prior to 1995, Mr. Yang worked as a teacher for the Shaanxi Business Management Institute. From 1994 to 1995, he worked as a visiting scholar at MSU and LCC in the United States. He served as secretary for the Shaanxi Governor from 1995 to 2001, and then as CIO for the Shaanxi E-government Office from 2001 to 2003. Afterwards, he became a professor at the Shaanxi Economics and Finance Institute. Mr. Yang has been an expert on the Information Committee of the Shaanxi Government. He has also been an independent director for two companies, and a consultant for two large enterprises. Mr. Yang has extensive experience in developing business strategies and in planning projects for several state owned and private companies.
Mr. Hong received his Bachelor's degree from Northwest Polytechnic University, and his MBA from Xi'an Jiaotong University. Mr. Yuan Hong was the Vice Section Chief of the Communication Section of Shaanxi Province Economy & Trade Information Center. Later in April 2003, he served as the Section Chief of the Communication Section. During that period, he successfully built up the Special Network Channel for the China Economy and Trade information Commission Center. Currently, he is serving as the Vice Director of the Shaanxi Province Economy & Trade Information Center. He has over 10 years of extensive experiences in the computer information industry.
Forward-looking statement
Certain information contained in these materials is 'forward-looking' information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
About ALONG
ALONG Mobile Technologies, Inc. is a mobile value-added services provider in the PRC. The Company designs, produces, publishes, manufactures, provides and distributes proprietary wireless entertainment applications such as ring- tones, games, images, videos and e-books to its customers. Our Wireless Applications are intended to be downloaded by our customers on a fee-basis by means of our proprietary public downloading terminals which are installed by us in strategic locations such as shopping centers, universities, entertainment centers, cinemas, hotels, airports, restaurants and parks. Interaction enriches your life. For more information about ALONG, please visit http://www.alonggame.com . Our customers will soon be able to download our games via the internet from the website http://www.whatplay.cn .
For more information, please contact:
Michael Wang
ALONG Mobile Technologies Inc.
Tel: +86-29-8836-0097
Fax: +86-29-8836-0090
Email: michaelwang@alonggame.com
Web: http://www.alongmobile.com
