WUXI, Jiangsu, China, July 9 /Xinhua-PRNewswire-FirstCall/ -- China Wind Systems, Inc. (OTC Bulletin Board: CWSI) (“China Wind Systems” or the “Company”), which through its wholly owned subsidiaries manufactures and sells industrial equipment for use in the textile and energy related industries in the People’s Republic of China, announced today it has engaged Jay Wang as Senior Vice President, Finance.
Mr. Wang has over 15 years of work experience in finance, strategy, accounting and tax planning, administration as well as internal and external compliance. He currently works as a business advisor and consultant in charge of developing strategic plans for several startup companies involved in the high-tech, bio-tech and manufacturing industries. In addition, Mr. Wang serves as the chief financial officer for several clients. Prior to this, Mr. Wang served as executive vice president and chief financial officer at PACO Group, Inc., from July 1996 to March 2004, where he was responsible for overseeing the day-to-day financial activities of the company. At PACO, Mr. Wang was responsible for building the company’s finance and accounting departments. Prior to that, Mr. Wang worked as a senior business advisor at New York State Small Business Development Center, from October 1991 to July 1996, where he provided services in business strategies, business planning and marketing planning for over 700 companies in various industries. Mr. Wang received his BA from the University of International Business and Economics, Beijing, an advance certificate from University of Southern California, Los Angeles and a MBA from Pace University, New York. Mr. Wang is fluent in both English and Mandarin.
Mr. Wang will report directly to Mr. Jianhua Wu, the CEO of China Wind Systems. Mr. Wang’s responsibilities will include overseeing the overall corporate finance and the investor relations functions of the Company.
“We are very excited that Mr. Wang has decided to join our company. As we continue to grow we need executives with significant expertise in corporate finance and in communicating with investors. We have confidence in Mr. Wang’s abilities and look forward to a fruitful relationship with him,” said Mr. Jianhua Wu, CEO of China Wind Systems. “We are certain that Mr. Wang will be a great asset to our company.”
About China Wind Systems, Inc.
China Wind Systems, through its affiliates, Huayang Dye Machine and Huayang Electrical Power Equipment, manufactures and sells industrial equipment for use in the textile and energy related industries in China. Since August 2007, the Company has shifted its strategy to focus on the growing wind energy industry in China, and has begun to supply high precision rolled rings to companies in the wind power energy industry.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Company Contact:
Mr. Jay Wang
Senior Vice President, Finance
China Wind Systems, Inc.
Tel: +1-917-838-5277
Email: jay.wang@chinawindsystems.com
Web: http://www.chinawindsystems.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Elite Investor Relations
Tel: +1-646-213-1915 (NY Office)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgir.com
