HARBIN, China, Sept. 25 /Xinhua-PRNewswire-FirstCall/ -- China Kangtai Cactus Biotech, Inc. (OTC Bulletin Board: CKGT) today announced the appointment of John Jing Zhang to the Company's board of directors, effective as of September 21, 2007. Mr. Zhang was appointed by action of the current board of directors and without a vote of the shareholders.
Mr. Zhang was appointed to serve as an independent member of the board of directors as a whole and was not appointed to any committees of the board. As an independent member of the board, Mr. Zhang will be responsible, together with other members of the board, for the Company's overall business development strategy and communications with the investor community.
Mr. Zhang brings over a decade of diverse experience in banking, consulting, finance, and business development. Mr. Zhang currently serves as the CEO of JC Global Capital Partners LLC, a boutique financial consulting firm in Shanghai that specializes in cross-border capital market transactions. Prior to founding JC Global in September 2006, from September 2003, to August 2006, Mr. Zhang was the Managing Director of FirsTrust Group, a US merchant bank headquartered in Atlanta, GA, where he was responsible for its entire China operation. Prior to being employed by FirsTrust, Mr. held senior positions in two other US corporations, ASI Computer Technology Inc and CTX International, etc.
"We are very pleased that our board team is joined by a highly experienced professional. We believe that his expertise and competence in financial markets will be a tremendous asset to the Company, which will us to successfully implement our business strategy and to further strengthen our market position, as well as to improve the effective communications with our global investors," Mr. Jinjiang Wang, Chairman of the Board of the Company, commented on the appointment.
"I am excited that I have the opportunity to work in such a dynamic company. I hope that my work will enable CKGT to reach new heights in the future," said Mr. Zhang.
About China Kangtai Cactus Bio-Tech Inc.
China Kangtai Cactus Bio-Tech, Inc. is a market-leading cactus grower and producer of cactus-related products with over 387 acres of plants and an active R&D group that holds 15 product patents and is seeking another 16 in a variety of product categories. China Kangtai's high-quality products are sold throughout China in supermarkets, food stores, hotels and restaurants through a growing distribution network that has currently covered 14 provinces and 4 municipalities.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking information about China Kangtai Cactus Bio-tech that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and China Kangtai Cactus Bio-tech future performance, operations and products.
For more information, please contact:
At the Company:
Ren Hu
Vice President
China Kangtai Cactus Bio-tech, Inc.
Tel: +1-201-887-0415
Email: Arenhu@gmail.com
Investor Relations:
Jon Cunningham
RedChip Companies, Inc.
Tel: +1-800-RedChip x107
Email: Jon@RedChip.com or Info@RedChip.com
Web: http://www.RedChip.com
