Adds Considerable Operational and Industry Expertise
SANTA CLARA, Calif. and SHENZHEN, China, Jan. 23 /PRNewswire-Asia/ -- SinoHub, Inc. (OTC Bulletin Board: SIHI), a Santa Clara, Calif.-based holding company whose primary asset is SinoHub Electronics Shenzhen Limited in the People's Republic of China, today announced the appointment of Will Wang Graylin to its board of directors.
Graylin, 40, is the founder and CEO of ROAM Data, a premier mobile application and payment services company. Prior to that, Graylin founded WAY Systems, a mobile point of sale (POS) services company, where he served as CEO. Under his direction, Way Systems became the second largest mobile POS provider in the United States. Prior to WAY Systems, Graylin was the founder and CEO of EntitleNet, a security software company, sold to BEA Systems in 2001. Before that, he was founding president of Marbles, later Skyfire Technologies, a software company focused on enterprise applications for mobile workforces.
Graylin earned two masters degrees from the Massachusetts Institute of Technology, including an MBA and a Master of Science in Electrical Engineering and Computer Science through MIT's Leaders For Manufacturing program. He was the first naturalized China born immigrant to serve as a U.S. Navy Nuclear Submarine Officer.
"Will is an excellent addition to our board of directors," said Harry Cochran, chief executive officer of SinoHub. "He brings extensive operational and entrepreneurial knowledge gained through founding and directing several successful companies. Will also has significant experience in the mobile phone business where we earn the majority of our revenues. His expertise in guiding companies during periods of rapid growth will serve us well as we further develop our market presence."
"I am very excited to be working with SinoHub at such a dynamic and important time in its history," Graylin said. "The company is poised to become the standard electronic component supply chain management platform for China's large and growing electronics industry, and I look forward to contributing to its long-term success."
About SinoHub
SinoHub, Inc., founded in 2000 by veteran entrepreneur Harry Cochran and electronic component industry veteran Lei Xia to facilitate the electronics revolution in China, provides world-class supply chain management services with transparent information access for participants in the electronic components supply chain in China. For more information, visit the company's Web site at http://www.sinohub.com .
Cautionary Statement Regarding Forward-looking Information
The statements contained in this press release that are not historical facts are forward-looking statements under the federal securities laws. Such statements include, but are not limited to, the company's ability to further develop its market presence, its ability to become the standard electronic component supply chain management platform in China, among others. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict, including competition from other companies, industry concentration, the demand for the Company's products, changes in governmental regulations and/or economic policies, civil unrest and general economic conditions. These and other risks are more fully disclosed in the company's Form S-1 filed with the U.S. Securities and Exchange Commission (SEC) on October 24, 2008, as well as other periodic filings the company makes with the SEC. Actual outcomes and results may differ materially from what is expressed in, or implied by, such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. SinoHub undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact:
Falicia Cheng
Tel: +86-755-2661-1080
Email: falicia@sinohub.com
In the U.S.:
PondelWilkinson Inc.
Laurie Berman/Angie Yang
Tel: +1-310-279-5980
Email: investor@pondel.com
