China Water & Drinks Appoints New Chief Financial Officer

2007-08-09 08:57 755

SHENZHEN, China, Aug. 9 /Xinhua-PRNewswire/ -- China Water & Drinks, Inc. (OTC Bulletin Board: CWDK) ("China Water & Drinks" "the Company"), a leading producer and distributor of purified bottled water in the People's Republic of China ("PRC"), today announced that it has appointed Mr. Joseph Chan as the Company's new Chief Financial Officer, effective as of August 20, 2007.

Mr. Chan has over 14 years of professional financial experience in public and corporate accounting and has worked for both U.S. and Asian multi-national corporations. He has strong knowledge of the Sarbanes Oxley Act of 2002 and extensive experience in mergers and acquisitions and U.S. GAAP accounting. He is fluent in English, Cantonese and Mandarin. Mr. Chan is a Certificated Public Accountant and has a master's degree in accounting from Brigham Young University.

"I am very pleased to be a part of an exciting company that is in the early stage of an aggressive growth strategy," commented Mr. Joseph Chan. "I look forward to adding my experience and expertise to an already impressive management team."

"Mr. Chan brings strength in leadership, international experience and corporate finance to China Water and Drinks. He has in-depth accounting experience and will contribute broadly to our finance, operations and business strategy," commented Mr. Xinghua Chen, Chief Executive Officer of China Water & Drinks. "We are delighted to have Mr. Chan as part of our management team as we build a leading purified bottled water company in China."

About China Water & Drinks, Inc.

China Water and Drinks, Inc. is a leading producer and distributor of bottled water in China. Through its production facilities in Guangzhou, Zhangjiang, Feixian, Nanning and Changchun, the Company produces and distributes bottled water to 11 provinces in China. The Company markets its own product under the brand 'Darcunk', supplies purified water to both local and international beverage brands such as Coca-Cola and Uni-President and provides private label bottled water for companies such as Sands Casino, Macau.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to the company's ability to complete product orders, coordinate product design with its customers, ability to expand and grow its distribution channels, political and economic factors in the People's Republic of China, the company's ability to find attractive acquisition candidates, dependence on a limited number of larger customers and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

China Water & Drinks, Inc.

Danny Tsai

Phone: 001- 949 528 2815

CCG Elite Investor Relations

Crocker Coulson, President

Leslie Richardson, Financial Writer

Phone: 310-231-8600 x 122

Source: China Water & Drinks, Inc.
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