HONG KONG, Feb. 9 /PRNewswire-FirstCall/ - Kunekt Corporation (OTCQB: KNKT), creator of the Kunekt global brand of affordably priced, quality mobile devices, primarily smartphones and tablets, today announced that it has named two telecom executives to its Business Advisory Board.
Mark Bruk, president of Kunekt, reported that the new advisory board members will focus on launching the company's sales and marketing operations in China and pursuing global distribution of its mobile devices.
"Kunekt's strategy recognizes that there is a growing global demand for affordably priced, quality mobile devices, marketed under a brand name that consumers trust," Bruk said, "and with these initial Business Advisory Board members, we are beginning to position the company to take advantage of opportunities in this market."
The Business Advisory Board members named are:
Yabin Xing, founder and CEO of iFunmobile Inc., a Toronto-based company focusing on the development and delivery of mobile applications, mobile content and rich media. Xing is also the president of Telesavvy, Inc., a Toronto-based consulting firm, which has completed more than $70 million in projects for its clients in the past two years. He has also held several senior roles in ZTE Corporation, China's largest listed telecom company providing equipment and networking solutions in more than 140 countries and servicing 59 of the world's top 100 telecom operators, including serving as the president and CEO of ZTE Canada, Inc., the director of International Markets, the managing director of ZTE Thailand as well as assistant vice president in the Asia Pacific Region.
Matt Li, managing director of AMS-INT ASIA, Hong Kong, is an entrepreneur with more than twenty years of academic and engineering experience in the network, telecom and wireless industries. Li has held various engineering and management positions with startups and Fortune 500 companies, such as Cisco Systems; UB Video; Motorola; Abatis Systems; and ANV Systems. In the past eight years, he has worked with three early stage companies, either as a co-founder or an early stage employee, through their successful capital exits. Upon the closing of Kunekt's acquisition of AMS, which previously announced that it is acquiring 100% interests in the management and control of two Chinese mobile phone companies, Li will join the company as co-CEO, co-chairman and president of Kunekt.
"In naming Matt Li and Yabin Xing, two experienced telecom executives, to the Kunekt Business Advisory Board, we are communicating the company's powerful resources for realizing its business plan," said Bruk.
"Matt is already working on designing new mobile devices, including feature phones, smartphones and tablets, which we will be marketing from our new sales office opening in Shenzhen, China. Yabin will be advising us on distribution opportunities with telecom operators worldwide," said Bruk.
Kunekt Corp. (OTCQB: KNKT) is a U.S. publicly traded company focused on designing, building and marketing mobile phones as well as smartphones and tablets powered by Google's Android mobile operating system. The company's mission is to build a globally recognized brand in the mobile device market and deliver smart phones and tablets at prices that are a fraction of the industry leaders.
Andrew J. Barwicki
Barwicki Investor Relations Inc.
Stern & Co.
ProActive Capital Resources Group LLC
This news release contains "forward-looking statements". Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, such as the following: (1) that the new advisory board members will focus on launching Kunekt's sales and marketing operations in China and pursuing global distribution of Kunekt's mobile devices; (2) that there is a growing global demand for affordably priced, quality mobile devices, marketed under a brand name that consumers trust; (3) that Kunekt's initial Business Advisory Board members will begin to position Kunekt to take advantage of opportunities in that market; (4) that there are opportunities in that market; (5) that Kunekt is communicating Kunekt's powerful resources for realizing its business plan; (6) that Kunekt will open a sales office in Shenzhen, China; (7) that Mr. Xing will advise Kunekt on distribution opportunities with telecom operators worldwide;; and (8) that Kunekt intends to launch a quality brand of mobile devices. It is important to note that actual outcomes and Kunekt's actual results could differ materially from those in such forward-looking statements. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (1) an inability of Kunekt to effectively break into the Chinese market; (2) a failure to close the definitive agreements; (3) an inability to evolve the businesses of the different companies into a singular group; (4) the ability of Kunekt to design, manufacture and market mobile phones, smartphones and/or tablets at all and at a price less than the industry leaders; (5) Kunekt's ability to remain competitive as other parties develop and release competitive products; (6) Kunekt 's ability to engage reliable companies to manufacture mobile phones, smartphones and tablets; (7) the ability of Kunekt to establish a recognized and/or global brand for its mobile phones, smartphones and tablets; (8) the success by Kunekt of the sales of its current and new products; (9) the impact of technology changes on Kunekt's products and on the industry; (10) general economic conditions as they affect Kunekt and its current and prospective customers, including a continued downturn in general economic conditions internationally; (11) the ability of Kunekt to control costs operating, general administrative and other expenses; the ability of Kunekt to locate and hire experienced mobile device salespeople; and (13) insufficient investor interest in Kunekt's securities which may impact on its ability to raise additional financing as required.
Readers should also refer to the risk disclosures outlined in Kunekt's quarterly reports on Form 10-Q, annual reports on Form 10-K and Kunekt's other disclosure documents filed from time-to-time with the SEC at www.sec.gov and available on Kunekt's investor relations website at www.kunekt.com.
All information provided in this release is as of February 9, 2011, and Kunekt Corporation undertakes no duty to update this information.
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SOURCE Kunekt Corporation