Message #1 From:
Jason Date: May 29, 2008 08:13:50 AM
China Tel Group Appoints Company President and COO
China Tel Group Inc. (OTCBB: CHTL Stock) ("China Tel,"
"CHTL" or the "Company") is pleased to announce the appointments of Mr.
Colin Tay as President and Mr. Mario Alvarez as Chief Operating Officer.
Both gentlemen joined the Company's Board of Directors as of May 24th of
this year and held previous executive positions with Trussnet USA, Inc.,
which was recently acquired by China Tel.
As Company President, Mr. Tay brings more over 25 years of large
infrastructural construction project experience working in the markets of
Asia. Before becoming President of Trussnet in 1993, Mr. Tay was with YKK
Architectural Products Pte. Co. Ltd., of Singapore, and YKK Taiwan Co.,
Ltd. Prior to joining YKK, Mr. Tay was with Hyundai Engineering &
Construction, part of the worldwide Hyundai organization. Some of Mr. Tay's
more notable projects have included Terminal II of Singapore's Changi
Airport, the Thamrin Commercial Plaza in Indonesia, the China World Trade
Center, MRT Stations for Taiwan's rapid transit system, the Kaohsiung
Linden Hotel and the international data center for ACER Computer. Mr. Tay
received his Diploma in Building from Singapore Polytechnic, and
professional accreditations from the Singapore Institute of Building and a
professional designation from the Chartered Institute of Building (United
Kingdom).
Mario Alvarez is eminently qualified for his role as COO as he was
previously associated with Trussnet USA as both an executive director and
principal architect ever since that company's formation. Prior to this, he
was Chairman & Chief Executive Officer, a Director and the co-founder of
VelociTel, LLC. In that capacity, Mr. Alvarez directed the VelociTel group
from its formation as a portion of Mr. Alvarez's architectural practice
into a multi-national organization with hundreds of employees throughout
the world. Mr. Alvarez is a member of the American Institute of Architects,
the National Council of Architectural Registration Boards and the
Construction Specifications Institute. Mr. Alvarez is a licensed architect
in 49 states. He received his B.A. in Architecture from the University of
Washington and his M.A. in Architecture from the University of Idaho. In
the course of his architectural and construction career, Mr. Alvarez has
been involved in the construction of several billion dollars worth of
telecommunications, commercial and residential projects.
Company CEO George Alvarez comments, "We now have our senior leadership in
place and are moving forward rapidly with our strategic plans for China and
the extraordinary opportunities within that country's telecom sector. We
have a singular opportunity to develop and operate the latest in 3.5GHz
Wireless broadband technology for up to 29 cities across China. This
coverage area alone represents a population density of over 300 million
persons and 50% of the overall national GDP. We are very fortunate and
pleased to have the experience and skills of both Colin and Mario available
to us as we move ahead."
The appointments are effective immediately, for more information contact
investor relations at 1-888-820-1982 or info@chinatelgroup.com
Per: China Tel Group Inc. - - - - - - - - - - - - - - - - - - - - George Alvarez, CEO
Notice regarding forward-looking statements
This news release may contain forward-looking statements or information.
Forward-looking statements or information include statements regarding the
expectations and beliefs of management. Forward-looking statements or
information include, but are not limited to, statements or information with
respect to known or unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements or
information. Forward-looking statements or information are subject to a
variety of risks and uncertainties which could cause actual events or
results to differ from those reflected in the forward-looking statements or
information, including, without limitation, risks and uncertainties
relating to obtaining financing to meet the Company's current or future
plans and other risks and uncertainties, including those described under
"Risk Factors" in the Company's Annual Report on Form 10-KSB which is on
file with the Securities and Exchange Commission, as well as the Company's
other SEC filings. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in forward-looking
statements. Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information. The Company does not undertake
any obligation to release publicly revisions to any "forward-looking
statement," to reflect event or circumstances after the date of this news
release, or to reflect the occurrence of unanticipated events, except as is
required under applicable securities laws.
Contact Information:
Boundary Point Investor Relations, Inc.
Tel. +1-888-820-1982 Email Contact