SHENZHEN, China, March 13 /Xinhua-PRNewswire/ -- Diguang International
Development Co., Ltd. (OTC Bulletin Board: DGNG) ("Diguang"), an emerging,
China-based leader in the manufacture of CCFL and LED backlights for the LCD
display industry, announced the appointment of its Controller Keith Hor as its
Chief Financial Officer, following the resignation of Jackie You Kazmerzak
from that post effective Thursday, March 8, 2007. Reporting to Chairman and
CEO Song Yi, Mr. Hor will assume CFO duties as required by Diguang.
Mr. Hor has extensive experience in corporate finance, treasury
accounting, auditing and financial planning for multi-national corporations.
From October 2006 to March 2007, Mr. Hor had been Diguang's financial
controller overseeing the corporate strategic planning, financial and
accounting functions. From April 2004 to September 2006, he was the group
financial controller and company secretary for Asia Tiger Group Ltd, a company
listed on the Main Board of the Singapore Stock Exchange Ltd.
Mr. Hor was previously the Vice President-Finance and Administration (Hong
Kong and China) of Jardine Logistics (HK) Ltd. for five years and the group
financial controller of Tsui Hang Hing Group for three years. He served as a
certified practicing accountant with Price Waterhouse between 1988 and 1993.
Mr. Hor obtained his Master of Finance from the Bernard M. Baruch College, the
City University of New York and his Professional Diploma of Accountancy from
the Hong Kong Polytechnic University. He is a fellow member of The Chartered
Association of Accountants, UK, and an associate member of the Hong Kong
Society of Accountants.
Ms. Kazmerzak will pursue other opportunities and will continue to assist
the Company until March 31, 2007 with preparation of its 10K for the fiscal
year ended December 31, 2006.
About Diguang International Development Co., Ltd.
Diguang, through its subsidiaries, specializes in the research,
development, production, sale and distribution of backlights and backlight
technologies. A backlight is the typical light source of a liquid crystal
display (LCD). The Company is focused on providing LED and CCFL backlights
for international producers of televisions, monitors, cellular phones, digital
cameras, DVDs and other home appliances. Diguang currently develops an
average of approximately 50 new products per month. Diguang is a Nevada
corporation with its manufacturing subsidiary located in Shenzhen, PRC, and
its sales and marketing subsidiary located in the British Virgin Islands.
Safe Harbor Statement
This press release contains forward-looking statements made under the
"safe harbor" provisions of the U.S. Private Securities Litigation Reform Act
of 1995. Forward-looking statements are statements that are not historical
facts. The following factors, among others, could cause actual results to
differ from those set forth in the forward-looking statements: business
conditions in China, weather and natural disasters, changing interpretations
of generally accepted accounting principles; outcomes of government reviews;
inquiries and investigations and related litigation; continued compliance with
government regulations; legislation or regulatory environments, requirements
or changes adversely affecting the businesses in which Diguang is engaged;
fluctuations in customer demand; management of rapid growth; intensity of
competition from other providers of backlights; timing approval and market
acceptance of new products introduction; general economic conditions;
geopolitical events and regulatory changes, as well as other relevant risks
not included herein, including but not limited to risks outlined in the
Company's periodic filings with the U.S. Securities and Exchange Commission.
The information set forth herein should be read in light of such risks.
Diguang does not assume any obligation to update the information contained in
this press release.
For more information, please contact:
Sean Collins, Senior Partner
CCG Elite
Investor Relations
Tel: +1-310-477-9800, ext. 202