Asia Time Corporation Expands Management Team with CFO Appointment
April 25 2008 - 11:06AM
Business Wire
Asia Time Corporation (Amex: TYM) (�Asia Time�) today announced
that Lin King Wai has joined the Company as Chief Financial
Officer, effective April 21, 2008. �Mr. Lin�s hire is a natural
expansion of our management infrastructure to further support our
Company�s planned growth. We welcome Mr. Lin to Asia Time and are
delighted to have access to his more than 17 years of financial
expertise, including experience with companies listed on the U.S.
and Hong Kong stock exchanges,� said Kwong Kai Shun, Chairman and
Chief Executive Officer of Asia Time Corporation. �Mr. Lin�s new
appointment as CFO will allow me to focus 100 percent on chief
executive duties including business development, customer relations
and capital expansion.� A certified public accountant in Hong Kong,
Mr. Lin worked as an independent financial consultant prior to
joining Asia Time. Previously, he was a Senior Manager at the Hong
Kong Great Wall CPA Ltd. where he was responsible for tax
compliance and planning, insurance company audits, U.S. IPOs and
due diligence for mergers and acquisitions in China. Earlier, Mr.
Lin served as Manger of Moores Roland where he was in charge of
audit advisory for companies listed on the Hong Kong stock
exchange, including Hong Kong IPOs. Mr. Lin also served in senior
financial roles at Deloitte Touche Tohmatsu, and private accounting
firms Kwan Wong Tan & Fong CPA and Li Tan Chen CPA. About Asia
Time Corporation Asia Time is a watch movement and watch
distributor headquartered in Hong Kong. The Company distributes
watch movement components used in the manufacture and assembly of
watches to a wide variety of timepiece manufacturers. Asia Time
markets more than 350 products from over 30 vendors, including such
market leaders as Citizen, Seiko and Ronda. For more information,
please visit www.asiatimecorp.com. To be added to the Company�s
email distribution for future news releases, please send your
request to asiatime@finprofiles.com. Forward Looking Statements
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, our dependence on a
limited number of suppliers, cyclicality of our business, decline
in the value of our inventory, significant order cancellations or
delays, competitive nature of our industry, vulnerability of our
business to general economic downturn, our ability to obtain all
necessary government certifications and/or licenses to conduct our
business, changes in the laws of the People's Republic of China
that affect the Company's operations, development of a public
trading market for the Company's securities, cost of complying with
current and future governmental regulations and the impact of any
changes in the regulations on the Company's operations 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 risks included here are not exhaustive.
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.
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