Vimicro Hires Quincy Tang as Vice President of Accounting and Chief Financial Officer
06 7월 2007 - 11:00PM
PR Newswire (US)
BEIJING, July 6 /Xinhua-PRNewswire-FirstCall/ -- Vimicro
International Corporation (NASDAQ:VIMC), a leading fabless
semiconductor company that designs and develops multimedia
semiconductor products and solutions, today announced the hiring of
Quincy Tang as Vice President of Accounting and Chief Financial
Officer. Mr. Tang is a fellow member of the Hong Kong Institute of
Certified Public Accountants and has more than twenty years of
executive financial experience. (Logo:
http://www.newscom.com/cgi-bin/prnh/20070528/CNM014LOGO ) "We are
very pleased to announce the appointment of Quincy Tang to our
management team," commented John Deng, Chairman and Chief Executive
Officer of Vimicro. "We believe his accounting, operational and
strategic background will be highly valuable in leading our
accounting team." Prior to joining Vimicro, Tang served as the
Chief Financial Officer of Monstermob Group Plc, a global mobile
phone content provider listed on the Alternative Investment Market
(AIM) of the London Stock Exchange. Previous to this position, he
served as Finance Director of TOM Group Limited, the parent company
of NASDAQ-listed TOM Online, Inc., a leading Chinese wireless
Internet and web portal company. Tang began his career with
Deloitte Touche Tohmatsu where he served as an auditor. About
Vimicro International Corporation Vimicro International Corporation
is a worldwide leading fabless semiconductor company that designs,
develops and markets proprietary embedded multimedia signal
processing chips and solutions that enable multimedia applications
for mobile phones over 2.5G/3G networks and PCs over broadband
Internet. Vimicro's ADSs, each of which represents four ordinary
shares, are currently trading on the NASDAQ global market under the
ticker symbol "VIMC." Forward Looking Statements This announcement
contains forward-looking statements. These statements are made
under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. Among other
things, the quotations from management in this announcement, as
well as Vimicro's expectations and forecasts, contain
forward-looking statements. Vimicro may also make written or oral
forward- looking statements in its periodic reports to the U.S.
Securities and Exchange Commission on forms 20-F and 6-K, etc., in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Vimicro's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward- looking statement, including but not
limited to the following: our limited history of achieving net
profit; our growth strategies; our future business development,
results of operations and financial condition; our ability to
develop and sell mobile multimedia processors that meet changing
consumer preferences and industry standards; decrease in the demand
for our notebook and PC camera multimedia processors and
third-party image sensors which we bundle with some of our PC
camera multimedia processors; our ability to secure sufficient
foundry capacity in a timely manner; our ability to maintain
existing customers and attract new customers; and the expected
growth of the mobile multimedia processor market. Further
information regarding these and other risks is included in our
annual report on Form 20-F filed with the Securities and Exchange
Commission. Vimicro does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
All information provided in this press release is as of July 6,
2007, and Vimicro undertakes no duty to update such information,
except as required under applicable law.
http://www.newscom.com/cgi-bin/prnh/20070528/CNM014LOGO DATASOURCE:
Vimicro International Corporation CONTACT: Ryan Bright of Shelton
Group for Vimicro International Corporation, +1-972-239-5119 ext.
159, or
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