HONG KONG,
Feb. 28 /PRNewswire-FirstCall/ -
Kunekt Corporation (OTCQB: KNKT), creator of the Kunekt global
brand of affordably priced, quality mobile devices, primarily
smartphones and tablets, today announced that it added two seasoned
executives to its Business Advisory Board to serve along with
Matt Li and Yabin Xing, both experienced telecom
executives.
Mark Bruk,
president of Kunekt reported that the Business Advisory Board has
already begun its activities with Matt
Li heading up the Kunekt's newly opened Shenzhen sales office and the hiring of an
experienced sales staff. The new Advisory Board members will
focus initially on the advancement of the company's designing,
manufacturing and financing operations.
"Among the new members that Kunekt has brought
on board are Mr. Chengwu Zhu who has
years of experience managing the design and manufacture of mobile
devices in China as well as Mr.
Teng who has impressive financial industry credentials," said Bruk.
Kunekt will harness their experience, relationships and know-how to
finance our operations and to realize our plan to establish an
internationally known brand of quality, affordably priced mobile
devices, including feature phones, smart phones and tablets."
The new board members are:
Yuqi Teng is a
co-founder of the investment bank, Beijing Tian Yi Union Investment
Inc., founded in 2004 in Beijing,
China. Before starting Tian Yi
Union, he was the investment chief for China ZhongJi Group
Development Inc, one of the largest state-owned companies, which
later reorganized into several public stock and large private
companies. In the early 1990s, he was holding a senior
investment managing position with China Agricultural
Development Trust and Investment Company, when the company ran the
largest investment banking and investment business in China.
Chengwu Zhu, CEO
and co-founder of Guangzhou Xingwei Communications Technology Ltd.
Inc. ("Xingwei"), Guangzhou,
China, a mobile phone design company, which has been in
operation since 2004, has 42 employees and last year generated
revenue in excess of RMB 33 million
($5 million USD) (unaudited),
primarily from its printed circuit board designs for mobile phones.
Chengwu Zhu previously worked for
telecom giant Huawei. Upon closing of the recently announced
proposed acquisition of AMS, he will join Kunekt as vice president
of engineering and operations.
About Kunekt
Kunekt Corp. (OTCQB: KNKT) is a U.S. publicly traded company
focused on designing, building and marketing mobile phones as well
as smartphones and tablets powered by Google's Android mobile
operating system. The company's mission is to build a globally
recognized brand in the mobile device market and deliver smart
phones and tablets at prices that are a fraction of the industry
leaders.
For more information about Kunekt and to sign up
for email updates, visit www.kunekt.com and follow the company on
Twitter at www.kunekt.com/twitter and Facebook at
www.kunekt.com/facebook.
Investor Relations
Andrew J. Barwicki
Barwicki Investor Relations Inc.
Telephone: +1-516-662-9461
Email: ir@kunekt.com
Public Relations/Media
Richard Stern
Stern & Co.
Telephone: +1-212-888-0044
Email: pr@kunekt.com
Digital Strategies
ProActive Capital Resources Group LLC
Telephone: +1-212-828-7373
Email: ds@kunekt.com
Forward-Looking Statements
This news release contains "forward-looking
statements". Statements in this news release, which are not purely
historical, are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future, such as the following: (1) that the new
advisory board members will focus initially on the advancement of
the company's designing, manufacturing and financing operations;
and (2) will harness their experience, relationships and know-how
to finance our operations and to realize our plan to establish an
internationally known brand of quality, affordably priced mobile
devices, including feature phones, smart phones and tablets. It is
important to note that actual outcomes and Kunekt's actual results
could differ materially from those in such forward-looking
statements. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others: (1) an inability of Kunekt to effectively
break into the Chinese market; (2) a failure to close the
definitive agreements; (3) an inability to evolve the businesses of
the different companies into a singular group; (4) the ability of
Kunekt to design, manufacture and market mobile phones, smartphones
and/or tablets at all and at a price less than the industry
leaders; (5) Kunekt's ability to remain competitive as other
parties develop and release competitive products; (6) Kunekt 's
ability to engage reliable companies to manufacture mobile phones,
smartphones and tablets; (7) the ability of Kunekt to establish a
recognized and/or global brand for its mobile phones, smartphones
and tablets; (8) the success by Kunekt of the sales of its current
and new products; (9) the impact of technology changes on Kunekt's
products and on the industry; (10) general economic conditions as
they affect Kunekt and its current and prospective customers,
including a continued downturn in general economic conditions
internationally; (11) the ability of Kunekt to control costs
operating, general administrative and other expenses; the ability
of Kunekt to locate and hire experienced mobile device salespeople;
and (13) insufficient investor interest in Kunekt's securities
which may impact on its ability to raise additional financing as
required.
Readers should also refer to the risk disclosures
outlined in Kunekt's quarterly reports on Form 10-Q, annual reports
on Form 10-K and Kunekt's other disclosure documents filed from
time-to-time with the SEC at www.sec.gov and available on Kunekt's
investor relations website at www.kunekt.com.
All information provided in this release is as of
February 28, 2011, and Kunekt
Corporation undertakes no duty to update this information.
Google and Android are the registered trademarks of
Google. Facebook and Twitter are trademarks or registered
trademarks of their respective owners.
SOURCE Kunekt Corporation
Copyright . 28 PR Newswire