Sun New Media Appoints Veteran Sales and Marketing Professional in Telecom Industry to Head Up NextPay Business
26 January 2007
Sun New Media Inc. (OTC Bulletin Board: SNMD), a Chinese Internet based marketing, information and transactional services company linking businesses with businesses, today announced that it has appointed Mr. George Huang to serve as the General Manager of its NextPay transactional business. Set to launch this March, NextPay is Sun New Media's proprietary transactional payment system that will enable consumers and small businesses to purchase goods via landline telephones, mobile phones or the Internet, using their personal bank cards.
Mr. Huang brings to Sun New Media over 14 years of sales and management experience in China's telecommunication and software industries. He has a proven track record of developing new business within the telecommunications sector and has worked extensively with China's telecommunication companies on both national and local levels.
Mr. Huang has held several leadership roles, including: Senior Vice President of Sales and Marketing for PanPay Communication Service Technology Co., Ltd, where he spearheaded the development of a fixed-lined payment system with China UnionPay; Vice President of Borland (China) Co., the world's leading provider of technology for software applications; Sales Director of Nortel, where he was in charge of the China Mobile business; and Sales Manager for Hewlett Packard (China) Co., Ltd.
Dr. Bruno Wu, Executive Chairman and CEO of Sun New Media commented, "Mr. Huang stands to be a key leader at Sun New Media going forward, as he will champion the launch of the NextPay business and help us take the service to urban consumers and small business throughout China. For 9 months he has been working closely with China UnionPay and China Telecom to lay the groundwork for NextPay. His appointment to General Manager recognizes his accomplishments thus far and positions him to enhance our transactional business division in the future."
About Sun New Media Inc.
Sun New Media is a leading Chinese multi-media powered marketing and channel management company. Sun New Media builds e-enabled distribution systems, transaction platforms and business communities in fast growing Chinese vertical markets, connecting buyers and sellers with a suite of turnkey digital media, e-commerce, and information management solutions. Companies leverage Sun New Media's web-based business media communities to access vital industrial intelligence and forge trading relationships with suppliers and buyers that promote cost efficiencies and increased distribution reach. Learn more at http://www.sunnewmedia.net.
This press release includes statements that may constitute "forward- looking" statements, usually containing the word "believe," "estimate," "project," "expect," "plan," "anticipate" or similar expressions. Forward- looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of Sun New Media's product and services in the marketplace, competitive factors and changes in regulatory environments. , These and other risks relating to Sun New Media's business are set forth in Sun New Media's Annual Report on Form 10-KSB filed with the Securities and Exchange Commission on June 30, 2006, and other reports filed from time to time with the Securities and Exchange Commission. By making these forward-looking statements, Sun New Media disclaims any obligation to update these statements for revisions or changes after the date of this release.
Contact:
Thomas A. Schuler, Chief Financial Officer
tom.schuler@sunnewmedia.net
212-626-5762
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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