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   Zongshen PEM Power Systems announces CFO and Investor Relations appointments

Publication Date:22-June-2005
09:30 AM US Eastern Timezone 
Source:FuelCellWorks
    RICHMOND, BC, June 22 /CNW/ - Zongshen PEM Power Systems Inc. ("Zongshen
PEM" or the "Company") (TSX Venture: ZPP) is pleased to announce that it has
filled two key positions to take the Company forward in its next phase of
growth - Chief Financial Officer (CFO) and Investor Relations.
Simon J. Anderson was appointed CFO effective May 24, 2005. Tiger Capital
Corporation of Toronto, Canada has been engaged to develop and execute a
comprehensive Investor Relations strategy.

    A chartered accountant with over 19 years experience in the financial
markets, Mr. Anderson brings extensive expertise to Zongshen PEM, in the areas
of corporate finance, financial consulting, mergers and acquisitions and
securities markets valuation. For the last eight years, Mr. Anderson has been
Vice-President of MCSI Consulting Services Inc., a company that provides
consulting expertise in the areas of regulatory compliance, exchange listings,
securities valuation and financial operations. Previously, he was with BDO
Dunwoody Chartered Accountants and Consultants, and with Collins, Barrow
Chartered Accountants. Currently, Mr. Anderson is also a director/officer on
the board of directors for a number of publicly traded companies including
those traded on the TSX, NASDAQ, AMEX and OTCBB exchanges.

    Tiger Capital manages a diverse investment portfolio and provides a full
range of Investor Relations services for publicly traded companies, creating
for them a strong market presence and professional image. The Tiger Capital
commitment to clients is to create greater awareness and increase shareholder
value. Under the leadership of founder and President Trevor Burns, Tiger
Capital has developed a strong track record in enhancing company-name
recognition and maximizing shareholder value.

    For its services to Zongshen PEM, Tiger Capital will receive $4,000 per
month for an initial term of three months, subject to, and conditional upon
TSX Venture Exchange approval.

    "These appointments bring valuable experience and skill sets to our
Company," said President of Zongshen PEM Dr. Jim Wei. "Mr. Anderson's
financial expertise and Tiger Capital's proven capability and credentials will
assist us in taking the Company forward and increasing our exposure to the
financial community."
 

    About Zongshen PEM Power Systems Inc.

    Zongshen PEM Power Systems Inc. is a Canadian company engaged in
research, development and commercialization of small-to-medium range,      
low-cost, high-performance Hydrogen/Oxygen fuel cell systems and their related
membrane electrode assembly (MEA) technologies.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of the contents of this release.
 

For further information: please contact Dr. Mihai Talaba at             
(604) 233-1115 or visit Zongshen PEM Power Systems Inc. on the Web at 
www.zongshenpem.com

~

 
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