(PR NEWSWIRE) ChinaMallUSA.com Names New Chief Financial Officer
ChinaMallUSA.com Names New Chief Financial Officer
NEW YORK, July 14 /PRNewswire/ -- ChinaMallUSA.com Inc.
(OTC Bulletin Board: CHML), an e-commerce company facilitating trade between
the United States and China, today announced the appointment of Wen Y. Chen as
Chief Financial Officer.
Chen was formerly president, director, and chief executive officer of
Great Eastern Bank, Flushing, New York, a company which he co-founded in 1986.
Prior to that, he was president of CN Security Management Corporation, New
York; and held various positions, including foreign exchange accountant,
operations officer, controller, and assistant vice president, at Wells Fargo
Bank International in New York. Chen started his career with Economics
Laboratory Inc. as staff accountant.
Chen received a BA degree in Economics from National Taiwan Chung Hsing
University and an MS degree in Economics from Fort Hays State University,
Kansas, and also performed graduate study at the University of Oklahoma.
"We are very pleased to welcome Wen Chen to the ChinaMallUSA.com team,"
said ChinaMallUSA.com Chief Executive Officer Max Chen. "With his extensive
experience, we believe he will make an important contribution as our company
grows to become the leading Internet commerce company focused on trade between
the United States and China."
Established for the purpose of marketing Chinese and U.S. products through
the Internet, ChinaMallUSA.com is one of few companies licensed by the Chinese
government to conduct business on the web and to conduct retail operations
throughout the entire country. The company provides Internet marketing,
selling, information, and web leasing, and has developed websites for
e-commerce between the U.S. and China (chinamallusa.com, chinamall.net, and
wholesaleglobal.com) allowing direct access to products and services by
companies and consumers in both countries.
ChinaMallUSA.com has established firm relationships with strong business
partners such as Beijing Urban-Rural Trade Center Co., Ltd., Beijing
Urban-Rural China Chem Group Co., Ltd., and China Township Enterprise
Investment Development Corp. These three companies, which have a combined
total of more than 30,000 affiliated firms in China, Hong Kong, and Taiwan,
have requested that their member companies participate in the ChinaMallUSA.com
e-commerce program. ChinaMallUSA.com receives an initial fees ranging from
$500 to $1,000 and annual renewal fees averaging $500 for participation in its
online e-commerce program.
A number of statements contained in this release are forward-looking
statements which are made pursuant to the Safe Harbor provisions of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements involve a number of risks and uncertainties, including the timely
development and market acceptance of products and technologies, competitive
market conditions, successful integration of acquisitions, and the ability to
secure additional sources of financing. The actual results that CHML may
achieve may differ materially from any forward-looking statements due to such
risks and uncertainties.
(PR NEWSWIRE) ChinaMallUSA.com Names New Chief Financial Officer
ChinaMallUSA.com Names New Chief Financial Officer
NEW YORK, July 14 /PRNewswire/ -- ChinaMallUSA.com Inc.
(OTC Bulletin Board: CHML), an e-commerce company facilitating trade between
the United States and China, today announced the appointment of Wen Y. Chen as
Chief Financial Officer.
Chen was formerly president, director, and chief executive officer of
Great Eastern Bank, Flushing, New York, a company which he co-founded in 1986.
Prior to that, he was president of CN Security Management Corporation, New
York; and held various positions, including foreign exchange accountant,
operations officer, controller, and assistant vice president, at Wells Fargo
Bank International in New York. Chen started his career with Economics
Laboratory Inc. as staff accountant.
Chen received a BA degree in Economics from National Taiwan Chung Hsing
University and an MS degree in Economics from Fort Hays State University,
Kansas, and also performed graduate study at the University of Oklahoma.
"We are very pleased to welcome Wen Chen to the ChinaMallUSA.com team,"
said ChinaMallUSA.com Chief Executive Officer Max Chen. "With his extensive
experience, we believe he will make an important contribution as our company
grows to become the leading Internet commerce company focused on trade between
the United States and China."
Established for the purpose of marketing Chinese and U.S. products through
the Internet, ChinaMallUSA.com is one of few companies licensed by the Chinese
government to conduct business on the web and to conduct retail operations
throughout the entire country. The company provides Internet marketing,
selling, information, and web leasing, and has developed websites for
e-commerce between the U.S. and China (chinamallusa.com, chinamall.net, and
wholesaleglobal.com) allowing direct access to products and services by
companies and consumers in both countries.
ChinaMallUSA.com has established firm relationships with strong business
partners such as Beijing Urban-Rural Trade Center Co., Ltd., Beijing
Urban-Rural China Chem Group Co., Ltd., and China Township Enterprise
Investment Development Corp. These three companies, which have a combined
total of more than 30,000 affiliated firms in China, Hong Kong, and Taiwan,
have requested that their member companies participate in the ChinaMallUSA.com
e-commerce program. ChinaMallUSA.com receives an initial fees ranging from
$500 to $1,000 and annual renewal fees averaging $500 for participation in its
online e-commerce program.
A number of statements contained in this release are forward-looking
statements which are made pursuant to the Safe Harbor provisions of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements involve a number of risks and uncertainties, including the timely
development and market acceptance of products and technologies, competitive
market conditions, successful integration of acquisitions, and the ability to
secure additional sources of financing. The actual results that CHML may
achieve may differ materially from any forward-looking statements due to such
risks and uncertainties.
SOURCE ChinaMallUSA.com Inc.
-0- 07/14/99
/CONTACT: Gary Smolen of Global Financial Resources, Inc., 800-837-5003,
or gsmolen99@yahoo.com; or Max Chen, CEO of ChinaMallUSA.com Inc.,
sales@chinamallusa.com/
/Web site: chinamallusa.com
(CHML)
CO: ChinaMallUSA.com Inc.
ST: New York
IN: MLM CPR
SU: PER
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