I don't think this bankrupt shell/Chinese play is going away anytime soon. Give this news a look:
(BSNS WIRE) Light Energy Management
Inc. - Names board members, changes
Light Energy Management Inc. - Names board members, changes name, updates
filing
Business Editors
GENEVA, Switzerland--(BUSINESS WIRE)--Nov. 23, 1999--In filings
to the Secretary of State for Nevada, the Company is naming the
following as new directors and executive officers - Zhao Xiaoxia
(President), Che Liang (CEO, Treasurer), Zhang Jie (Secretary). The
Company's new name is to be Forlink Software Corporation Inc.
Following the transfer of ownership control to Chinese interests,
these appointments now transfer full management control to the
Company's Chinese entrepreneurs (former president Michael Harrop
remains a director during the transition phase).
Forlink Software Corporation Inc. is based in Beijing. It is
certified by the Office of Beijing City New Technology Development
Experiment Zone as a New Technology Enterprise and enjoys special
fiscal and administrative benefits. The Company is active in software
distribution (via download or nationwide physical delivery),
e-commerce, net information services and development of internet
software and tools. Its software sales site
softhouse.com.cn is a popular destination portal and
auction site for Chinese computer users - both professionals and
amateurs. The site provides software industry news, software
introduction, software commentary and forum. The site sells over 7,000
software titles through online ordering and auction. Through the
partnerships established with over 500 software makers, the company is
able to provide almost all software titles that are sold in retail
stores in China. Over 10,000 freeware products are available on the
site for free downloading. The number of freeware products available
increases by about 100 titles per day. The company's own-developed
software includes For-Mail, a scalable messaging system that runs on
UNIX or LINUX platforms. The system can be marketed as a small,
medium, large or carrier scale email server system that can handle
more than one million users. Besides being a SMTP and POP server,
For-Mail also has a Web-Mail subsystem that allows users to complete
their email operations on their browser. The system has been running
successfully on the well-known mail.tohghua.com.cn, portal to
provide free email service. Another own-developed software package is
For-Business, a complete E-commerce and On-line shopping system that
runs on UNIX or LINUX platforms. The system has been running on the
Legend/Toshiba sites. The Company is starting to set up an export
network to sell its own-developed software packages in the USA and
Europe.
Mr. Zhao Xiaoxia has a Master's Degree in Computer Science, was
Vice President and Chief Technical Officer of GBS InfoTech. Co. (a
company owned by the Great Wall Computer Group Co., Beijing Telecom
and Beijing Ping Cheng Jia Ye Electronic Corp. Ltd.), was in charge of
Beijing Telecom 8188 ISP project (www.cj.net.cn ). Cooperating with
the Great Wall Computer Group Co., he led the development of the China
National Commodity Exchange Center (www.ccec.com.cn). The system is
based on IBM RISC/6000, AIX and NetCommerce. He was Chief Engineer,
Beijing Long Ma Software Development Co. Ltd. He led the development
of Legend PDA network software. He was leading engineer in charge of
Yahoo!Japan operation and support, and has worked with Panasonic,
Microsoft and Lotus on search engines, and Reuters and Daily News on
news page development. He was System Engineer with Japan's Itochu
Group CRC Research Institute and developed the Itochu automobile
export system and financial system. He was Project Manager, China
Great Wall Computer Group Co. where he participated in the Great Wall
Unix Chinese system development. Was in charge of Sco Xenix 2.2.1 -
Sco Unix 3.2 Chinese system development.
Mr. Che Liang has a Master's Degree in Computer Science and was
President, Shenzen Shen Pu Computer Co. Ltd. where he developed
Shanghai's railway ticketing system, China's largest. He was Middle
China/South West China District General Manager for Legend Advanced
Systems Co., Ltd. which he co-founded in 1992 (in 1996, the company
became the largest system integrator in China with revenue exceeding
US$100 million a year). Prior to that he was in computer sales with
Shenzen She Ge Computer Co.
Mr. Zhang Jie has a Master's Degree in Computer Science. He was
Senior Engineer, South China Computer Co. in Charge of CEGA monitor
card development. He was in charge of iron temperature control ASIC
chip development and network design for networks composed of SUN, SGI,
and CISCO equipment. From Feb. 1995 - Aug. 1996 he was in Japan to
research international banking software system on Fujitsu's M series
super computer. While in school, he participated in the development of
the Chinese version of the Hua Sheng Operating System Shell. He also
participated in the development of the Chinese version of Unix (a
government funded national project).
Mr. Michael Harrop operates a private Geneva-based venture
incubator active mostly in Europe and the USA. He was in DuPont's new
products marketing team for 11 years and subsequently for the last 20
years has seed-financed and advised young companies. He was educated
at Cambridge University and Paisley Polytechnic. He has been active in
internet projects for several years.
Further to publishing its SEC 8-K filing on the above
transaction, the Company will shortly be publishing updated 10-K and
10-Q filings.
NOTE: Statements herein contained that are not strictly
historical are "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1998, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. These
forward-looking statements are made based upon information available
as of the date hereof, and the company assumes no obligation to update
such forward-looking statements. Editors and investors are cautioned
that such forward-looking statements involve risk and uncertainties
and the company's actual results may differ from these forward-looking
statements. Such risks and uncertainties include but are not limited
to demand for the company's products and services, the company's
ability to continue to develop its market, general economic conditions
and other factors that may be more fully described in reports to
shareholders and periodic filings with the Securities and Exchange
Commission.
--30--ajg/in*
CONTACT: Light Energy Management, Inc.
Michael Harrop, Director, Switzerland
Phone: 41 22 9000000
e-mail: mail@harrop.com
KEYWORD: INTERNATIONAL EUROPE
INDUSTRY KEYWORD: SOFTWARE MANAGEMENT CHANGES
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