Hope Mr. Fong improves ESST growth!
Monday January 11, 6:00 am Eastern Time
Company Press Release
SOURCE: ESS Technology, Inc.
ESS Announces That Matt Fong Joins its Board of Directors
FREMONT, Calif., Jan. 11 /PRNewswire/ -- ESS Technology, Inc. (Nasdaq: ESST - news) announced today that Mr. Matt Fong has joined the company as a Board member and will also be employed as Advisor to the President. In this newly created position, Mr. Fong will work closely with Mr. Fred Chan, President and CEO of ESS Technology to help develop ESS' new Internet businesses, initially focusing on China and the Asia-Pacific region.
Mr. Fong was most recently California's State Treasurer and the Republican Nominee for the US Senate (CA). As the State's Chief Financial Officer and banker, he invested a $32 billion portfolio, and issued $10-$20 billion in bonds each year. His prior experience includes serving as a DP Manager and Systems Integrator and as a lawyer specializing in high technology licensing and cross-border acquisitions.
Mr. Fong stated, ''I am excited to be joining ESS Technology. It is a dynamic company with great technology, and serves existing PC and Consumer markets and the exciting new Internet marketplace. I am especially excited about the opportunities for Internet businesses in China and Asia-Pacific.''
''ESS is pleased to have a person of Mr. Fong's stature joining our management team,'' stated Mr. Fred Chan. ''His experience and knowledge of the Asia-Pacific region, and China in particular, will be a great asset to our overall Asian business efforts. Mr. Fong will be intimately involved with me in our new Internet business unit and will help ESS expand our presence in China and the whole Asia-Pacific region. We welcome him to our company.''
ESS Technology, Inc. supplies Internet, modem, PC audio and digital video solutions for the Internet, PC and consumer markets. ESS designs, develops, and markets highly integrated mixed signal semiconductor, hardware, software and system solutions for Internet, PC and multimedia applications. ESS, headquartered in Fremont, California, has sales and technical support offices in Austin and Houston, Texas; Irvine, California; Bellevue, Washington; Beijing and Shenzhen, China; Tokyo, Japan; Taipei, Taiwan; Seoul, Korea; and Hong Kong. ESS Technology is listed on the Nasdaq Market System under the symbol ESST. World Wide Web site: esstech.com.
The matters discussed in this news release include certain forward looking statements that involve risks and uncertainties, including, not limited to, the timely availability and acceptance of the Company's new products, the impact of competitive products and pricing, the dependence on continued growth in demand for PC and consumer multimedia products, as well as the other risks detailed from time to time in the SEC reports of ESS, including the reports on Form 10-K and Form 10Q. Actual results could differ materially from those projected in the forward-looking statements.
SOURCE: ESS Technology, Inc
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