China Fire Further Strengthens Executive Team
My news for Investors
BEIJING, Dec. 7 /PRNewswire-Asia/ -- China Fire & Security Group, Inc.
(Nasdaq: CFSG) ("China Fire" or the "Company"), a leading total solution
provider of industrial fire protection systems in China, today announced that
the Company's Board of Directors has made several strengthening changes to the
executive team, effective immediately.
To help meet China Fire's projected rapid organic growth for the next
three years and address its strategic goal of effectively consolidating the
domestic fire protection industry, Mr. Gangjin Li, the Company's founder and
Chairman, has resumed his former role as China Fire's Chief Executive Officer,
responsible for the formulation and execution of corporate growth strategies.
Mr. Brian Lin, the Company's current CEO, has assumed the newly created
position of Chief Financial Officer, responsible for the Company financials
and capital markets. Mr. Weishe Zhang, the Company's current Chief Technology
Officer, has been appointed Vice President, responsible for strategic planning
and management of marketing, technology and product development. Mr. Weigang
Li continues his role as a Vice President of the Company and General Manager
of China Fire's wholly-owned subsidiary, Sureland Industrial Fire Safety Ltd
("Sureland"), responsible for the Company's sales and Sureland's operation
management. Finally, China Fire welcomes to its executive team Mr. Min Liu,
who has been appointed Director of Research and Development of China Fire as
well as Sureland, responsible for designing codes and standards and innovating
new customer service technologies.
"It is very exciting for me to be able to resume an active role in the
company that I created. As a benefit of my considerably improved health, I
feel ready and eager to help China Fire to achieve its ambitious growth goals.
We now have a highly seasoned management team to help further accelerate our
Company's growth and strengthen our competitive advantages," said Mr. Gangjin
Li, Chairman and Chief Executive Officer of China Fire.
Mr. Gangjin Li, founded Sureland, China Fire's wholly-owned subsidiary, in
February 1995 and has been responsible for the strategic planning, technology
development, sales and marketing of the Company. He has over 15 years'
experience in the fire protection industry in China and was named a "China
Outstanding Entrepreneur" by the China Enterprise Confederation and China
Enterprise Directors Association (CEC-CEDA) in 2004. Mr. Li is also an
Executive Director of China Fire Protection Association (CFPA) and a member of
US-based National Fire Protection Association (NFPA). He received his Master's
of Management Degree from Peking University in 1991 and Bachelor's in
Engineering from Wuhan Iron and Steel University in 1982.
Mr. Min Liu has held various positions in Sureland since 2004, including
Director of the Fire Testing Center, Director of the Solutions Department,
Director of the Codes & Standards Department and Director of the R&D Center.
Meanwhile, he completed the layout and building of the Fire Testing Center,
was in charge of the R&D of numerous fire protection solution projects and has
participated in writing over ten National Codes & Standards. Mr. Liu received
his Bachelor's and Master's degrees in Engineering Thermophysics from Tsinghua
University and successively received his Ph.D. in Power Engineering &
Engineering Thermophysics from Tsinghua University in 2004.
About China Fire & Security Group, Inc.
China Fire & Security Group, Inc. (NASDAQ: CFSG), through its wholly owned
subsidiary, Sureland Industrial Fire Safety Limited ("Sureland"), is a leading
total solution provider of industrial fire protection systems in China.
Leveraging on its proprietary technologies, China Fire is engaged primarily in
the design, manufacture, sales and maintenance services of a broad product
portfolio including detectors, controllers, and fire extinguishers. Via its
nationwide direct sales force, China Fire has built a solid client base
including major companies in iron and steel, power, petrochemical and
transportation industries throughout China. China Fire has a seasoned
management team with strong focus on standards and technologies. Currently,
China Fire has a comprehensive portfolio of patents covering fire detection,
system control and fire extinguishing technologies. Founded in 1995, China
Fire is headquartered in Beijing with about 600 employees in more than 30
sales and project offices throughout China. For more information about the
Company, please go to http://www.chinafiresecurity.com .
Cautionary Statement Regarding Forward Looking Information
This presentation may contain forward-looking information about China Fire
& Security Group, Inc. and its wholly owned subsidiary Sureland which are
intended to be covered by the safe harbor for forward-looking statements
provided by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are statements that are not historical facts. 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,
and include discussions of strategy, statements about industry trends and
China Fire & Security Groups' future performance, operations and products.
This and other "Risk Factors" are contained in China Fire & Security Groups'
public filings with the SEC.
For more information, please contact:
China Fire & Security Group, Inc.
Shayla Suen, Investor Relations
Tel: +86-10-8441-7400
Email: ir@chinafiresecurity.com
ICR, Inc.
In China:
Michael Tieu
Tel: +86-10-6599-7960
Email: michael.tieu@icrinc.com
In the U.S.:
Bill Zima
Phone: +1-203-682-8200
Email: bill.zima@icrinc.com
SOURCE China Fire & Security Group, Inc.
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http://www.chinafiresecurity.com/