SHANGHAI, April 22, 2014 /PRNewswire/ – Taomee Holdings
Limited (NYSE: TAOM) ("Taomee" or the "Company"), one of the
leading children's entertainment and media companies in
China, today announced the
appointment of Mr. Sam Lawn as Chief
Financial Officer of the Company, effective April 22, 2014.
Prior to this appointment, Mr. Lawn held a senior executive
position at RenRen Inc. (NYSE: RENN), a leading social networking
firm in China and served as the
head of investor relations from 2011 to 2013. From 2009 to 2011,
Mr. Lawn served as a research equity analyst at Oppenheimer and
Co., a leading full-service boutique investment bank where he
covered Internet, online gaming, and media companies in the Chinese
ADR market. From 2008 to 2009, he worked as the senior director of
business development of Lucky Dragon Group, a global supplier of
fashion accessories listed on the Taiwan Stock Exchange.
From 2004 to 2008, Mr. Lawn co-founded and served as president
of Leap Inc., a procurement services company with offices in
China and the U.S. From 2003 to
2004, he was an operations manager for Universal Distribution
Company, a procurement office for Dollar Dream. From 2001 to 2003,
Mr. Lawn worked as a programming business analyst for Accenture
Corp., a global management consulting firm. Mr. Lawn received his
bachelor's degree in Operations Management Information Systems from
Santa Clara University.
Mr. Lawn replaces Mr. Paul Keung,
who steps down as Taomee's Chief Financial Officer on April 22nd, 2014.
"We are pleased to welcome Sam to our management team as the new
CFO," said Mr. Benson Wang,
co-founder and Chief Executive Officer of Taomee. "We believe that
Sam's excellent corporate finance background and strong operations
experience will significantly contribute to Taomee's growth and
development. We are delighted to have Sam join us at this stage and
look forward to him helping us take Taomee to new levels."
"In his three years as Chief Financial Officer, Paul did a
tremendous job taking Taomee public and guiding the Company during
a period of growth and expansion," continued Mr. Wang. "We are
pleased that Paul will continue to be available to assist the
Company during this transition and thank him for all his
contributions."
About Taomee Holdings Limited
Taomee Holdings Limited ("Taomee" or "the Company") is
China's leader in children's
entertainment and media. Its award winning content offerings are
both engaging and educational, endearing it to children, as well as
to parents and teachers. The Company was founded in 2007 with the
mission to bring joy and inspiration to children. Its popular
character franchises, including SEER and MOLE'S WORLD, are
distributed online via virtual worlds, web games and mobile
applications, as well as through traditional media, including
animated box office films, TV series, books, and consumer products,
most notably interactive toys and trading cards. Its online
community regularly achieves top search ranking in mainland
China, Hong Kong, and Taiwan. Taomee has been consistently
recognized for its leadership and innovative contributions to the
children's market, including accolades from China's Ministry of Culture and the China
Animation Association.
For more information, please visit:
http://www.taomee.com/en_taomee.html
- Visit online virtual world communities at www.61.com
- Watch animations and films at http://v.61.com/
- Download mobile games and applications at http://m.61.com/
- Share with other parents and caregivers at
http://mama.61.com/
Safe Harbor Statements
This press release contains statements that may constitute
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words or phrases
such as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions. Among other things, the
management's quotations and outlook information contain
forward-looking statements. These forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements to
be materially different from those expressed or implied by the
forward-looking statements. Potential risks and uncertainties
include, but are not limited to: the Company's business strategies
and initiatives as well as business plans; future business
development, results of operations and financial condition;
expected changes in revenues and certain cost or expense items;
expectations with respect to increased revenue growth and the
Company's ability to sustain profitability; the Company's services
and products under development or planning; the Company's ability
to attract users and further enhance the Company's brand
recognition; and trends and competition in the children's
entertainment and media market and industry, including those for
online entertainment. Further information regarding these and other
risks is included in Taomee's annual report on Form 20-F and other
documents filed with the U.S. Securities and Exchange Commission..
All information provided in this press release is as of the date of
the press release, and the Company undertakes no obligation to
update any forward-looking statements to reflect subsequent
occurring events or circumstances, or changes in its expectations,
except as required under applicable law. Although the Company
believes that the expectations expressed in these forward looking
statements are reasonable, the Company cannot assure you that their
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
For further information, please contact
Angela Wang
Taomee Holdings Limited
Tel: +86-21-61280056 – 8651
Email: ir@taomee.com
SOURCE Taomee Holdings Limited
