SHENZHEN, China , July 31 /PRNewswire-FirstCall/ -- China Security & Surveillance Technology, Inc. (OTC Bulletin Board: CSCT), a leading provider of digital surveillance technology in the PRC, today announced the appointment of Mr. Bill Wang to the new positions of Chief Marketing Officer and General Manager of its security operating service division. These positions are effective immediately and will operate out of the Company's Beijing office.
Mr. Wang comes to China Security having held the position of General Manager, China at Honeywell Security Group. Honeywell Security Group is one of the world's leading and most experienced manufacturers of electronic security systems protecting millions of homes, businesses and government facilities around the world. During his eleven-year tenure at Honeywell Security, Mr. Wang held several prominent positions within the sales and marketing division. He also won numerous awards, including the Honeywell President Club Award as well as the Honeywell Security Global Best Sales Team 2006 award among others. From 1993 to 1996, Mr. Wang served as Chairman and General Manager at Wuhan Shenlian Science Technology Co., a company involved in providing system integration solutions for alarm monitoring centers for the China Police . From 1985 to 1993, Mr. Wang spent time in several key managerial positions including Sales General Manager at Wuhan Dingie Electronic Technology Co. Ltd, a Taiwanese company involved in the sale of IT services, Assistant Professor at the Wuhan University of Technology and as a cement factory product technician in Wuzi Jiangsu. Mr. Wang earned his BS degree in Automation Control, and MS degree in Computer Technology from the Wuhan University of Technology.
"We are privileged to have Mr. Wang join our team as Chief Marketing Officer and head of our security operating service division," commented Mr. Guo Shen Tu , Chief Executive Officer of China Security. "He has a great deal of security industry experience as well as deep government and security service business relationships. His background makes him uniquely qualified to strengthen our marketing platform and build out our new division, which we believe is a compelling opportunity for higher margin, recurring revenue growth."
"I am excited to join the talented executive team at China Security that Mr. Tu has developed over the past few years and believe that specialized security service solutions are a very promising opportunity in China ," stated Mr. Wang . "I look forward to growing the operating service division in China and broadening our exposure to attract commercial and residential business as well as government project work in the coming years."
Additionally, as per the Company's previous announcement on July 24, 2007 announcing the addition of Mr. Runsen Li , who will become an independent member of the Company's Board of Directors, Mr. Shufang Yang will resign from the Company's Board effective August 1, 2007 . Mr. Yang will remain in his position as Chief Operating Officer of China Security. This move is intended to increase the number of independent members on the Company's Board Directors as China Security prepares to fully comply with NYSE listing requirements.
About China Security & Surveillance Technology, Inc.
Based in Shenzhen, China , China Security manufactures, distributes, installs and maintains security and surveillance systems throughout the PRC. China Security has manufacturing facilities located in China and a R&D facility which maintains an exclusive collaboration agreement with Beijing University. China Security has built a diversified customer base through its extensive sales and service network that includes numerous points of presence throughout the PRC. To learn more about the Company visit http://www.csstf.com .
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will," "believes," "expects" or similar expressions. These forward-looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov.
SOURCE China Security & Surveillance Technology, Inc.
