Management Team and Board to Undergo Candidate Search for New CFO to Align Company with New Growth Initiatives
NEW YORK and SHENZHEN, China, Aug. 4 /PRNewswire-Asia/ -- China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of battery components in China, announced today the appointment of Junfeng Chen as Interim CFO, replacing Jiangcheng Wu, as the Company undergoes a candidate search for a new CFO amid its new growth initiatives.
Mr. Chen has worked with China Digital Communication Group since 2005. For the past 3 years, Mr. Chen has been the Chief Financial Officer of the Company's wholly-owned subsidiary Shenzhen E'Jenie Science and Technology Co., Ltd. ("Shenzhen E'Jenie"). From March 2005 to January 2006, Mr. Chen served as the assistant of financial manager in Shenzhen E'Jenie. Junfeng Chen majored in Accounting and graduated from Wuhan University in China.
"With his comprehensive knowledge of the Company as CFO of our wholly owned subsidiary, Junfeng Chen will perform the duties of interim CFO while we conduct an extensive candidate search," said Mr. Fushun Li, CEO of China Digital, "China Digital will choose a highly-qualified candidate with just the right financial background and industry work experience to align the Company with our new growth initiatives for 2009 and beyond."
About China Digital Communication Group
China Digital Communication Group, through its wholly owned subsidiary, Shenzhen E'Jenie Science and Technology Co., Ltd. (E'Jenie), is a manufacturer and developer of advanced telecommunications equipment in China. E'Jenie sells high-quality lithium-ion battery shell and cap products to major lithium-ion battery cell manufacturers in China. E'Jenie's products are used to power mobile phones, MP3 players, laptops, digital cameras, PDAs, camera recorders and other consumer electronic digital devices. China Digital Communication Group is continuing its expansion across East Asia, while seeking distribution partners and acquisitions in new global markets, including the U.S.
For more information, please visit: http://www.chinadigitalcommunication.com .
Forward-looking statement: Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future sales. These forward-looking statements may involve a number of risks and uncertainties. Actual results may differ materially based on a number of factors, including, but not limited to, uncertainties in product demand, risks related to doing business in China, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products and other risk factors detailed in the company's most recent annual report and other filings with the Securities and Exchange Commission.
For more information, please contact:
China Digital Communication Group
Ken Lin
Tel: +1-917-573-0302
Email: ken@chinadigitalcommunication.com
or
China America Financial Communications Group
Darren Minton
Tel: +1-212-823-0523
Email: chinadigital@cafcg.com
