LOS ANGELES and SHENZHEN, China, Sept. 22 SIHI-Names-Tracy-CFO
LOS ANGELES and SHENZHEN, China, Sept. 22 /Xinhua-PRNewswire/ -- SinoHub,
Inc. (OTC Bulletin Board: SIHI), a Los Angeles-based holding company whose
primary asset is SinoHub Electronics Shenzhen Limited in the People's Republic
of China, today announced it has named Tracy A. Edwards as chief financial
officer and corporate secretary.
Willa Li, the company's former chief financial officer, has assumed the
position of vice president, finance. Chief executive officer Harry Cochran,
who also formerly performed the duties of corporate secretary, will retain the
position as treasurer in addition to his CEO responsibilities.
Edwards, 51, most recently served as chief financial officer and chief
operating officer of Casestack, Inc., a Santa Monica, CA-based,
privately-owned provider of logistics outsourcing services. From 1999 to 2005,
Edwards was chief executive officer of Bell Industries, Inc., a diversified
technology and recreational products company. He served as Bell's chief
financial officer from 1991 to 1998, when Bell was a $900 million, NYSE-listed
company. From 1979 to 1990, Edwards, who is a Certified Public Accountant,
managed comprehensive professional services for international and national
client engagements at Price Waterhouse.
Edwards will be based in Los Angeles. He is a member of AICPA, Financial
Executives Institute, California Society of CPAs, and the Cal Poly Orfalea
Business School - Industrial Technology Advisory Boards. Edwards is a graduate
of California Polytechnic State University, San Luis Obispo, where he earned a
Bachelor of Science degree in business administration.
"I am delighted to join SinoHub at an important time in the company's
growth and development," Edwards said. "SinoHub has built a powerful and
robust electronic component supply chain management platform, which I believe
has long range positive implications, not only for the electronics industry in
the People's Republic of China, but also for the electronics industry
worldwide."
"We are thrilled to welcome Tracy to our team," said Cochran. "His
tremendous experience in public company financial management and his knowledge
of U.S. GAAP and Sarbanes Oxley will be invaluable. His expertise and close
work with Willa Li and our financial group in China, will allow us to build a
best-in-class financial team."
Edwards will also be responsible for establishing SinoHub as an
electronics industry leader in the United States and conveying the unique
opportunities the SinoHub Electronic Component Supply Chain Management
Platform can bring to the U.S. electronics market.
"Having someone with Tracy's experience to lead our financial management
team and communicate the SinoHub story to Wall Street will put SinoHub on the
map in U.S. financial circles," said Lei Xia, president of SinoHub. "Tracy
will play an integral role in many elements of our growth strategy and will
add a new dimension in our ability to secure additional financing to further
implement our business plans."
About SinoHub
SinoHub, Inc., founded in 2000 by veteran entrepreneur Harry Cochran and
electronic component industry veteran Lei Xia to facilitate the electronics
revolution in China, provides world-class logistics services with transparent
information access for participants in the electronic components supply chain
in China. For more information, visit the company's Web site at
http://www.sinohub.com .
Cautionary Statement Regarding Forward-looking Information
The statements contained in this press release that are not historical
facts are forward-looking statements under the federal securities laws. Such
statements include, but are not limited to, the company's ability to build a
best-in-class financial team, the company's ability to secure additional
financings, and other statements made from time to time in filings. Forward-
looking statements are not guarantees of future performance and involve
certain risks, uncertainties and assumptions that are difficult to predict.
Actual outcomes and results may differ materially from what is expressed in,
or implied by, such forward-looking statements. SinoHub undertakes no
obligation to update publicly any forward-looking statements, whether as a
result of new information, future events or otherwise.
For more information, please contact:
SinoHub, Inc.
Nicole Cheung
Tel: +86-755-2601-2481
Email: nicole@sinohub.com
In the U.S.:
PondelWilkinson Inc.
Laurie Berman/Angie Yang
Tel: +1-310-279-5980
Email: investor@pondel.com
SOURCE SinoHub, Inc.
