QINGYUAN, Guangdong, China, Nov. 20 /PRNewswire-FirstCall/ -- China Bottles Inc. ("China Bottles" or "The Company") (OTC Bulletin Board: CBTT), a leading plastic packaging solutions and plastic bottle production equipment company in the People's Republic of China, today announced it appointed Mr. J. John Cheng as chief executive officer effective November 15, 2008. Mr. Chonghui Zhao, the former CEO and CFO will remain as chief financial officer and general manager of China Bottles.
Mr. J. John Cheng has been involved in the packaging industry for almost twenty years and has held various senior management positions throughout the global packaging industry, including beverages and cosmetics. In 1989, he led the technical team in PET plastics mold and machinery development with FMT Corp., where he patented 18 separate packaging designs and processes. Between 1996 and 2000, Mr. Cheng served as a director and led the global plastics technology R&D team for Crown Cork and Seal in the US. Since then he also served as a director of business development for Constar International in the US, and V.P. of Rexam cosmetics in the Asia Pacific region. For the last four years Mr. Cheng has been a group general manager at Great East Package Holdings Ltd., a major packaging company in China.
"I am exciting to be joining China Bottles' management team as CEO. China Bottles has established a solid customer base and has been a key contributor to the development of Chinese packaging technology over the past 15 years," commented Mr. Cheng. "As the company continues to expand its reach into new areas of the packaging industry, I believe my experience across a variety of packaging sectors will be a valuable asset to China Bottles. Moreover, as I have extensive business experience in the US, I believe I will be able to serve as an effective bridge between the Company's management and the US investor community."
Mr. Cheng was educated in both China and US and holds a BS and MS in mechanical engineering. He is fluent in both English and Mandarin.
About China Bottles Inc.
China Bottles Inc. ('the Company'), headquartered in Qingyuan, Guangdong province in PRC China, has been a leading manufacturer of polyethylene terephthalate (PET) and polypropylene (PP) blow molding packaging equipment and molds in China for fifteen years. The Company also has significant expertise in the production of beverage bottles and pharmaceutical packaging. China Bottles produces, markets and sells a full range of packaging production equipment including high speed injection and blow molding machines for production of PET/PP bottles and molds which shape and form the bottles. The Company also produces bottles that are primarily made of PET/PP which is a plastic resin that is a recyclable, durable plastic with strong resistance to heat, moisture and diluted acid.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains certain 'forward-looking statements,' as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to the company's ability to obtain the necessary financing to continue and expand operations, to market its products in new markets and to offer products at competitive pricing, to attract and retain management, and to integrate and maintain technical information and management information systems, political and economic factors in the People's Republic of China, compliance requirement of law and regulations of the PRC, the effects of currency policies and fluctuations, general economic conditions and other factors detailed in the company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact:
CCG Investor Relations Inc.
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Graham Reed, Financial Writer
Email: graham.reed@ccgir.com
Web: http://www.ccgirasia.com
