SHENZHEN, China, Oct. 1 /PRNewswire-Asia-FirstCall/ -- Jingwei International Limited (OTC Bulletin Board: JNGW; "Jingwei"), one of the leading providers in data mining and software services in China, today announced Rick Luk, a former executive of AT&T, has joined the company as Chief Executive Officer and Director replacing Regis Kwong, who remains an advisor of the Company.
Commenting on the announcement, George Du, Chairman of the Board said: "We are very excited to have someone with Rick's wealth of experience and credentials to join our team to lead Jingwei at this point in the company's evolution." Mr. Du continued, "We would also like to thank Regis Kwong for his contribution to the company in the last three years."
Rick Luk brings to Jingwei over 30 years diverse, international experience in the IT and telecom industry. He was a former executive of AT&T; seconded to Shanghai Symphony Telecom (SST) as President & General Manager from 2001 to 2004, to lead partners' negotiation, business development and manage start-up of the company from its inception to profitable growth. With China joining the WTO in year 2000, SST was the 1st Sino-foreign telecom services company, invested by AT&T, China Telecom and the Shanghai government to provide end-to- end managed IP value-added services to global MNCs operating in China. Prior to that, Rick held various senior executive positions in Compaq Computer and Nortel Networks in North America, Asia and China.
At Compaq, from 1999 to 2001, Rick managed the start-up of an e-Commerce technology company focusing on outsourced call center, CRM solutions and system integration services. While in Nortel, he held senior positions in North America and was expatriated from the US to join the leadership team in Asia in 1993. He held senior positions in IT management and was appointed Managing Director for Nortel's Enterprise Networks business in Hong Kong and China from 1996 to 1999; during which period Nortel consistently attained top rankings position in the high end PBX and call center market in China.
After AT&T, Rick took an extended leave to spend time with his family; then joined SinoTel Limited, an Australian VC company as CEO in 2005. At SinoTel, Rick steered a corporate restructure of the company including its subsidiary and JV Company in China focusing on telecom value-added services; and was successful in orchestrating a business turnaround and supported the Chairman to raise additional capital for the company. Most recently, Rick was Chairman and CEO for Motion Technology Holdings; and remains a non-executive Chairman of the Board for Motion Holdings upon joining Jingwei International.
"I am delighted to join Jingwei," Mr. Luk said. "China is a market with more than 338 million Internet users and the number of mobile phone users surpassed 700 million this year, double the population in the United States. Jingwei is a resourceful enterprise and its core competence in consumer database, data mining and software development is well positioned to capitalize on this massive market to expand on its business portfolio in CRM and integrated marketing solutions through multi-media channels to create and deliver great value to its customers and shareholders."
Mr. Luk holds a B.S.E.E. degree from the University of Michigan in Ann Arbor, USA; and an MS degree from the University of Waterloo in Canada.
About Jingwei International
Jingwei International Limited ("Jingwei") is a leading provider of data mining and customer relationship marketing services in the fast growing Chinese market. Powered by advanced data mining technology and a proprietary database of over 300 million Chinese consumers, Jingwei enables leading Chinese companies as well as international brands to reach their target audiences. The Company's services include market segmentation, customer trend, revenue analysis and direct marketing. Jingwei is evolving into an integrated marketing service provider with targeted campaigns via multi media channels including: interactive mobile, telemarketing, direct mail and new media.
For more information, please visit the Company's web site: http://www.jingweicom.com .
Safe Harbor Statement
Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the global financial crisis, effects of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
For more information, please contact:
Rick Luk or Vanessa Bao
Tel: 86-755 86319436
Email: vanessa@jingweicom.com
