02.28.2011– HONG KONG - 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.
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